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

New Age Alpha Advisors LLC bought a new position in Intel Co. (NASDAQ:INTC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 114,092 shares of the chip maker's stock, valued at approximately $2,288,000.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in Intel during the fourth quarter worth $1,246,569,000. Assenagon Asset Management S.A. raised its stake in shares of Intel by 264.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker's stock valued at $393,323,000 after acquiring an additional 14,227,458 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in Intel by 224.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 10,413,544 shares of the chip maker's stock worth $244,302,000 after purchasing an additional 7,207,785 shares during the last quarter. Vanguard Group Inc. grew its holdings in Intel by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker's stock valued at $7,400,439,000 after purchasing an additional 6,143,164 shares during the last quarter. Finally, State Street Corp raised its position in shares of Intel by 2.8% in the third quarter. State Street Corp now owns 197,958,739 shares of the chip maker's stock valued at $4,644,112,000 after purchasing an additional 5,417,753 shares during the period. Institutional investors and hedge funds own 64.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. UBS Group lowered their target price on shares of Intel from $26.00 to $23.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 21st. Truist Financial lowered 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. Roth Mkm decreased their target price on Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Citigroup lowered their target price on Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a report on Tuesday, January 21st. Finally, Mizuho reduced their price objective on Intel from $23.00 to $21.00 and set a "neutral" rating for the company in a research report on Friday, January 10th. Four investment 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. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $27.04.

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Intel Trading Down 0.4 %

Shares of Intel stock traded down $0.10 during trading on Wednesday, hitting $21.95. 20,571,834 shares of the company were exchanged, compared to its average volume of 74,535,880. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The firm has a market capitalization of $95.05 billion, a P/E ratio of -4.98 and a beta of 1.02. The firm's fifty day moving average price is $22.36 and its 200 day moving average price is $22.20. Intel Co. has a 1-year low of $18.51 and a 1-year high of $44.08.

Intel (NASDAQ:INTC - Get Free Report) last posted its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. As a group, sell-side analysts expect that Intel Co. will post -0.11 earnings per share for the current fiscal year.

About Intel

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.