Pamalican Asset Management Ltd Makes New Investment in Intel Co. (NASDAQ:INTC)

Pamalican Asset Management Ltd bought a new stake in Intel Co. (NASDAQ:INTC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 219,900 shares of the chip maker's stock, valued at approximately $4,409,000. Intel accounts for about 2.0% of Pamalican Asset Management Ltd's portfolio, making the stock its 21st largest position.

Several other large investors also recently modified their holdings of the business. Finley Financial LLC bought a new stake in Intel in the 4th quarter valued at $25,000. Synergy Investment Management LLC bought a new stake in shares of Intel in the fourth quarter valued at about $27,000. BankPlus Trust Department acquired a new position in shares of Intel during the fourth quarter worth about $28,000. Keystone Financial Group Inc. bought a new position in shares of Intel during the fourth quarter worth about $29,000. Finally, West Financial Advisors LLC acquired a new stake in Intel in the 4th quarter valued at approximately $31,000. 64.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on INTC. Roth Mkm decreased their price target on shares of Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Stifel Nicolaus lowered their price target on shares of Intel from $25.00 to $21.00 and set a "hold" rating on the stock in a research note on Friday, January 31st. Truist Financial reduced their price objective on shares of Intel from $22.00 to $21.00 and set a "hold" rating for the company in a research note on Friday, January 31st. HSBC raised Intel from a "reduce" rating to a "hold" rating in a research report on Tuesday, January 21st. Finally, Needham & Company LLC reissued a "hold" rating on shares of Intel in a research report on Friday, January 31st. Four investment 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's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $25.58.

Remove Ads

Intel Stock Performance

INTC traded down $0.45 during trading on Tuesday, hitting $19.12. The stock had a trading volume of 61,029,734 shares, compared to its average volume of 76,208,532. 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 cap of $83.36 billion, a price-to-earnings ratio of -4.34 and a beta of 1.13. The company has a 50 day moving average price of $22.34 and a 200-day moving average price of $22.20. Intel Co. has a one year low of $18.51 and a one year high of $38.86.

Intel (NASDAQ:INTC - Get Free Report) last announced 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 net margin of 35.32% and a negative return on equity of 3.27%. As a group, research analysts predict that Intel Co. will post -0.11 EPS for the current 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.