FUKOKU MUTUAL LIFE INSURANCE Co Acquires 1,161 Shares of Intel Co. (NASDAQ:INTC)

FUKOKU MUTUAL LIFE INSURANCE Co boosted its stake in shares of Intel Co. (NASDAQ:INTC) by 6.6% during the 4th quarter, HoldingsChannel reports. The fund owned 18,815 shares of the chip maker’s stock after purchasing an additional 1,161 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Intel were worth $377,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Hennion & Walsh Asset Management Inc. boosted its stake in Intel by 32.2% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 10,387 shares of the chip maker’s stock worth $244,000 after buying an additional 2,531 shares during the period. Pallas Capital Advisors LLC lifted its holdings in shares of Intel by 14.1% in the 3rd quarter. Pallas Capital Advisors LLC now owns 24,022 shares of the chip maker’s stock worth $537,000 after acquiring an additional 2,962 shares during the last quarter. Traynor Capital Management Inc. boosted its stake in shares of Intel by 49.9% during the 3rd quarter. Traynor Capital Management Inc. now owns 11,766 shares of the chip maker’s stock worth $276,000 after purchasing an additional 3,917 shares during the period. China Universal Asset Management Co. Ltd. grew its holdings in Intel by 111.9% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 54,238 shares of the chip maker’s stock valued at $1,272,000 after purchasing an additional 28,642 shares during the last quarter. Finally, Valmark Advisers Inc. raised its position in Intel by 10.2% in the 3rd quarter. Valmark Advisers Inc. now owns 10,317 shares of the chip maker’s stock worth $242,000 after purchasing an additional 957 shares during the period. 64.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

INTC has been the subject of several recent analyst reports. UBS Group dropped their target price on Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Truist Financial lowered their target price on shares of Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Stifel Nicolaus lowered their target price on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. JPMorgan Chase & Co. lowered their target price on shares of Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a research note on Friday, January 31st. Finally, Barclays lowered their target price on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Five investment analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $26.88.

Intel Price Performance

Intel stock opened at $23.52 on Thursday. Intel Co. has a 12-month low of $18.51 and a 12-month high of $46.63. The company has a 50-day moving average price of $21.04 and a 200 day moving average price of $21.74. The stock has a market cap of $101.84 billion, a P/E ratio of -5.37 and a beta of 1.08. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (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%. Sell-side analysts anticipate that Intel Co. will post -0.11 earnings per share for the current year.

Intel 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.