Yoffe Investment Management LLC Acquires Shares of 24,855 Intel Co. (NASDAQ:INTC)

Yoffe Investment Management LLC purchased a new stake in Intel Co. (NASDAQ:INTC - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 24,855 shares of the chip maker's stock, valued at approximately $498,000.

Several other hedge funds and other institutional investors have also bought and sold shares of INTC. Finley Financial LLC acquired a new stake in Intel in the fourth quarter worth $25,000. Synergy Investment Management LLC bought a new stake in shares of Intel in the 4th quarter valued at $27,000. BankPlus Trust Department acquired a new stake in Intel during the 4th quarter worth $28,000. Keystone Financial Group Inc. bought a new position in Intel during the fourth quarter worth about $29,000. Finally, West Financial Advisors LLC acquired a new position in Intel in the fourth quarter valued at about $31,000. Institutional investors own 64.53% of the company's stock.

Intel Stock Performance

Shares of NASDAQ INTC traded down $2.58 during midday trading on Friday, hitting $19.85. 174,685,786 shares of the company's stock were exchanged, compared to its average volume of 75,953,597. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $86.56 billion, a PE ratio of -4.53 and a beta of 1.13. Intel Co. has a 12 month low of $18.51 and a 12 month high of $39.46. The company's 50 day moving average price is $22.36 and its 200 day moving average price is $22.20.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) 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%. As a group, analysts predict that Intel Co. will post -0.11 earnings per share for the current fiscal year.

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Wall Street Analysts Forecast Growth

INTC has been the topic of several recent analyst reports. Wells Fargo & Company cut their price objective on Intel from $28.00 to $25.00 and set an "equal weight" rating on the stock in a report on Friday, January 31st. Truist Financial reduced their price target on shares of Intel from $22.00 to $21.00 and set a "hold" rating for the company in a report on Friday, January 31st. Hsbc Global Res raised shares of Intel from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, January 21st. HSBC raised shares of Intel from a "reduce" rating to a "hold" rating in a research report on Tuesday, January 21st. Finally, Cantor Fitzgerald increased their target price on Intel from $22.00 to $29.00 and gave the stock a "neutral" rating in a report on Tuesday, February 18th. Four analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, Intel presently has an average rating of "Hold" and an average target price of $25.58.

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.