New Age Alpha Advisors LLC Invests $2.29 Million in Intel Co. (NASDAQ:INTC)

New Age Alpha Advisors LLC purchased a new stake in Intel Co. (NASDAQ:INTC) in the 4th quarter, HoldingsChannel reports. The firm purchased 114,092 shares of the chip maker’s stock, valued at approximately $2,288,000.

A number of other large investors also recently bought and sold shares of the business. Quest Partners LLC increased its position in shares of Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after buying an additional 1,253 shares in the last quarter. Finley Financial LLC acquired a new stake in Intel in the 4th quarter valued at $25,000. Synergy Investment Management LLC acquired a new position in Intel during the fourth quarter worth $27,000. BankPlus Trust Department purchased a new position in Intel during the fourth quarter valued at $28,000. Finally, Keystone Financial Group Inc. acquired a new stake in shares of Intel in the fourth quarter valued at about $29,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Performance

NASDAQ:INTC opened at $22.71 on Friday. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $45.41. 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 company has a 50 day moving average price of $22.33 and a 200 day moving average price of $22.15. The stock has a market capitalization of $98.33 billion, a P/E ratio of -5.18 and a beta of 1.02.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. Equities research analysts forecast that Intel Co. will post -0.11 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on INTC. Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. HSBC raised Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Barclays reduced their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Bank of America raised shares of Intel from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $19.00 to $25.00 in a research note on Thursday, March 13th. Finally, Truist Financial reduced their target price on shares of Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Four analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $27.04.

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.