Princeton Global Asset Management LLC Grows Stock Holdings in Intel Co. (NASDAQ:INTC)

Princeton Global Asset Management LLC increased its stake in shares of Intel Co. (NASDAQ:INTC) by 86.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,416 shares of the chip maker’s stock after acquiring an additional 1,585 shares during the period. Princeton Global Asset Management LLC’s holdings in Intel were worth $68,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Finley Financial LLC acquired a new position in Intel during the fourth quarter worth about $25,000. Quest Partners LLC raised 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 during the last quarter. West Financial Advisors LLC purchased a new position in shares of Intel during the fourth quarter valued at approximately $31,000. Groupama Asset Managment lifted its stake in shares of Intel by 6.3% during the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock valued at $32,000 after buying an additional 8,084 shares during the period. Finally, Sawyer & Company Inc purchased a new position in shares of Intel during the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on INTC shares. Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Roth Mkm cut their price target on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research note on Friday. Citigroup cut their price target on shares of Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Finally, Northland Securities dropped their price objective on shares of Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $26.60.

Intel Stock Performance

INTC stock opened at $19.38 on Tuesday. 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 cap of $83.59 billion, a P/E ratio of -4.42, a P/E/G ratio of 9.49 and a beta of 1.08. The firm has a 50 day simple moving average of $20.78 and a 200 day simple moving average of $22.34. Intel Co. has a 52 week low of $18.51 and a 52 week high of $46.63.

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 return on equity of 3.27% and a negative net margin of 35.32%. Research analysts anticipate that Intel Co. will post 0.19 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the transaction, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. This represents a 8.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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.