Intel Co. (NASDAQ:INTC) Holdings Decreased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. cut its position in shares of Intel Co. (NASDAQ:INTC) by 4.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,580,949 shares of the chip maker’s stock after selling 71,615 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Intel were worth $37,089,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Maia Wealth LLC acquired a new position in Intel in the second quarter valued at approximately $217,000. ORG Partners LLC grew its stake in Intel by 612.3% during the 2nd quarter. ORG Partners LLC now owns 23,982 shares of the chip maker’s stock worth $740,000 after buying an additional 20,615 shares during the last quarter. Addenda Capital Inc. increased its position in Intel by 27.5% in the second quarter. Addenda Capital Inc. now owns 208,164 shares of the chip maker’s stock worth $6,443,000 after buying an additional 44,923 shares during the period. Cornerstone Wealth Management LLC lifted its stake in Intel by 7.8% in the second quarter. Cornerstone Wealth Management LLC now owns 41,561 shares of the chip maker’s stock valued at $1,287,000 after buying an additional 3,017 shares during the last quarter. Finally, Capital Advisors Wealth Management LLC boosted its holdings in shares of Intel by 10.7% during the second quarter. Capital Advisors Wealth Management LLC now owns 6,864 shares of the chip maker’s stock valued at $213,000 after acquiring an additional 662 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on INTC. Robert W. Baird increased their price objective on shares of Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Bank of America reaffirmed an “underperform” rating and set a $21.00 price target on shares of Intel in a report on Tuesday, December 3rd. Northland Securities lowered their target price on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft reduced their price target on Intel from $27.00 to $25.00 and set a “hold” rating for the company in a research report on Thursday, October 3rd. Finally, Benchmark reissued a “hold” rating on shares of Intel in a report on Friday, November 1st. Six research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $30.04.

Insider Activity at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the transaction, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.04% of the stock is currently owned by insiders.

Intel Price Performance

Shares of NASDAQ:INTC opened at $20.81 on Tuesday. The company’s fifty day moving average is $23.29 and its two-hundred day moving average is $25.44. The company has a market cap of $89.75 billion, a P/E ratio of -5.59 and a beta of 1.05. Intel Co. has a 12-month low of $18.51 and a 12-month high of $51.28. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.44). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The business had revenue of $13.30 billion during the quarter, compared to analysts’ expectations of $13.02 billion. During the same period in the prior year, the company posted $0.28 earnings per share. The firm’s revenue was down 6.3% on a year-over-year basis. Equities analysts expect that Intel Co. will post -0.87 earnings per share for the current fiscal year.

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.