Lynx Investment Advisory Invests $1.45 Million in Intel Co. (NASDAQ:INTC)

Lynx Investment Advisory purchased a new stake in Intel Co. (NASDAQ:INTC - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 72,314 shares of the chip maker's stock, valued at approximately $1,450,000. Intel comprises about 1.0% of Lynx Investment Advisory's investment portfolio, making the stock its 25th biggest position.

A number of other large investors have also recently bought and sold shares of the business. Quest Partners LLC lifted its holdings in shares of Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock worth $30,000 after purchasing an additional 1,253 shares during the period. Meridian Wealth Management LLC purchased a new stake in shares of Intel in the third quarter valued at about $361,000. Nwam LLC acquired a new position in shares of Intel during the third quarter worth about $726,000. Great Valley Advisor Group Inc. raised its holdings in Intel by 16.5% during the third quarter. Great Valley Advisor Group Inc. now owns 37,381 shares of the chip maker's stock worth $877,000 after purchasing an additional 5,295 shares in the last quarter. Finally, Kingsview Wealth Management LLC raised its holdings in Intel by 2.5% during the third quarter. Kingsview Wealth Management LLC now owns 75,603 shares of the chip maker's stock worth $1,774,000 after purchasing an additional 1,858 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on INTC. Truist Financial lowered their price objective on Intel from $22.00 to $21.00 and set a "hold" rating on the stock in a report on Friday, January 31st. Benchmark restated a "hold" rating on shares of Intel in a research note on Friday, January 31st. Barclays cut their price objective on Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research report on Friday, January 17th. Roth Mkm decreased their target price on shares of Intel from $25.00 to $20.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Finally, Hsbc Global Res upgraded shares of Intel from a "moderate sell" rating to a "hold" rating in a report on Tuesday, January 21st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $27.04.

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Intel Trading Up 0.9 %

NASDAQ:INTC traded up $0.20 on Thursday, reaching $23.62. The stock had a trading volume of 57,529,598 shares, compared to its average volume of 72,195,507. Intel Co. has a 12-month low of $18.51 and a 12-month high of $45.41. The company has a market cap of $102.27 billion, a price-to-earnings ratio of -5.39 and a beta of 1.02. The firm's fifty day moving average is $22.30 and its two-hundred day moving average is $22.10. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts expect that Intel Co. will post -0.11 EPS for the current fiscal 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.