Intel Co. (NASDAQ:INTC) Stock Position Increased by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Intel Co. (NASDAQ:INTC) by 8.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 118,197 shares of the chip maker’s stock after buying an additional 9,532 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Intel were worth $2,773,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. America First Investment Advisors LLC bought a new position in shares of Intel in the second quarter valued at $25,000. Cyrus J. Lawrence LLC acquired a new position in shares of Intel in the second quarter worth about $27,000. Spartan Fund Management Inc. purchased a new position in shares of Intel in the second quarter worth approximately $31,000. Financial Connections Group Inc. purchased a new position in shares of Intel in the second quarter worth approximately $32,000. Finally, Triad Wealth Partners LLC acquired a new stake in shares of Intel during the second quarter valued at approximately $33,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a research report on Thursday, October 3rd. Benchmark reissued a “hold” rating on shares of Intel in a research report on Friday, November 1st. Barclays decreased their price objective on Intel from $40.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, August 2nd. TD Cowen upgraded Intel to a “hold” rating in a report on Monday, September 16th. Finally, Wedbush reduced their price target on shares of Intel from $32.50 to $25.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Six analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Intel has an average rating of “Hold” and an average target price of $30.12.

Intel Stock Performance

Shares of Intel stock opened at $25.03 on Friday. The stock has a fifty day simple moving average of $22.47 and a 200 day simple moving average of $26.42. Intel Co. has a 12-month low of $18.51 and a 12-month high of $51.28. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.44). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The firm had revenue of $13.30 billion during the quarter, compared to analysts’ expectations of $13.02 billion. During the same quarter in the prior year, the company earned $0.28 EPS. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. Sell-side analysts expect that Intel Co. will post -0.83 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of the transaction, the executive vice president now directly owns 273,258 shares in the company, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.04% of the stock is currently owned by insiders.

Intel Company Profile

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.