North Forty Two & Co. Takes Position in Intel Co. (NASDAQ:INTC)

North Forty Two & Co. purchased a new stake in shares of Intel Co. (NASDAQ:INTC) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 18,537 shares of the chip maker’s stock, valued at approximately $372,000.

Other institutional investors have also made changes to their positions in the company. VSM Wealth Advisory LLC acquired a new stake in Intel in the 4th quarter worth approximately $154,000. Xponance Inc. lifted its holdings in Intel by 5.2% in the 4th quarter. Xponance Inc. now owns 662,665 shares of the chip maker’s stock worth $13,286,000 after purchasing an additional 32,491 shares during the last quarter. Intech Investment Management LLC lifted its holdings in Intel by 18.5% in the 4th quarter. Intech Investment Management LLC now owns 219,293 shares of the chip maker’s stock worth $4,397,000 after purchasing an additional 34,244 shares during the last quarter. Generali Asset Management SPA SGR acquired a new stake in Intel in the 4th quarter worth approximately $5,098,000. Finally, Horizon Investments LLC lifted its holdings in Intel by 74.2% in the 4th quarter. Horizon Investments LLC now owns 165,976 shares of the chip maker’s stock worth $3,328,000 after purchasing an additional 70,710 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Price Performance

Shares of INTC opened at $25.92 on Wednesday. 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 Co. has a 1 year low of $18.51 and a 1 year high of $45.41. The stock has a market cap of $112.23 billion, a P/E ratio of -5.92 and a beta of 1.02. The stock’s 50-day moving average price is $21.68 and its two-hundred day moving average price is $21.93.

Intel (NASDAQ:INTC) last issued 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%. On average, equities analysts predict that Intel Co. will post -0.11 earnings per share for the current year.

Analyst Ratings Changes

INTC has been the subject of several analyst reports. HSBC upgraded Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Mizuho dropped their price target on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Bank of America raised Intel from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $19.00 to $25.00 in a research report on Thursday, March 13th. Roth Mkm dropped their price target on Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Finally, Truist Financial dropped their price target on Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Four analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Intel currently has an average rating of “Hold” and a consensus target price 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.