Norinchukin Bank The Increases Position in Intel Co. (NASDAQ:INTC)

Norinchukin Bank The grew its position in shares of Intel Co. (NASDAQ:INTC) by 3.3% in the 4th quarter, HoldingsChannel reports. The firm owned 227,481 shares of the chip maker’s stock after acquiring an additional 7,215 shares during the quarter. Norinchukin Bank The’s holdings in Intel were worth $4,561,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Finley Financial LLC purchased a new position in shares of Intel during the fourth quarter worth approximately $25,000. Synergy Investment Management LLC bought a new stake in Intel in the fourth quarter worth $27,000. BankPlus Trust Department purchased a new stake in Intel during the fourth quarter valued at about $28,000. Keystone Financial Group Inc. purchased a new position in shares of Intel in the fourth quarter worth about $29,000. Finally, West Financial Advisors LLC bought a new stake in shares of Intel in the 4th quarter valued at about $31,000. 64.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on INTC shares. Truist Financial decreased their price target on Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Stifel Nicolaus cut their price target on shares of Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Citigroup dropped their target price on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Finally, Roth Mkm reduced their target price on Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $25.38.

Intel Stock Down 1.6 %

Shares of Intel stock opened at $18.93 on Friday. The company has a 50-day simple moving average of $22.34 and a two-hundred day simple moving average of $21.96. Intel Co. has a 52-week low of $17.67 and a 52-week high of $37.16. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The stock has a market capitalization of $82.55 billion, a PE ratio of -4.32 and a beta of 1.13.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. On average, analysts anticipate that Intel Co. will post -0.11 EPS for the current fiscal year.

About Intel

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.