Princeton Global Asset Management LLC Increases Holdings in Intel Co. (NASDAQ:INTC)

Princeton Global Asset Management LLC lifted its stake in Intel Co. (NASDAQ:INTC) by 86.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,416 shares of the chip maker’s stock after purchasing an additional 1,585 shares during the quarter. Princeton Global Asset Management LLC’s holdings in Intel were worth $68,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Finley Financial LLC purchased a new stake in shares of Intel in the 4th quarter worth $25,000. Quest Partners LLC increased its stake in shares of Intel by 7,370.6% in the 3rd 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 in the last quarter. West Financial Advisors LLC purchased a new stake in Intel in the 4th quarter worth $31,000. Groupama Asset Managment increased its stake in Intel by 6.3% in the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after buying an additional 8,084 shares in the last quarter. Finally, Sawyer & Company Inc purchased a new stake in Intel in the 4th quarter worth $32,000. 64.53% of the stock is owned by institutional investors.

Intel Stock Down 0.3 %

INTC opened at $19.38 on Tuesday. Intel Co. has a twelve month low of $18.51 and a twelve month high of $46.63. 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 company has a 50-day moving average price of $20.78 and a 200 day moving average price of $22.34. The company has a market cap of $83.59 billion, a PE ratio of -4.42, a price-to-earnings-growth ratio of 9.49 and a beta of 1.08.

Intel (NASDAQ:INTC) 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 net margin of 35.32% and a negative return on equity of 3.27%. Sell-side analysts expect that Intel Co. will post 0.19 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. UBS Group cut their price target on Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Citigroup dropped their price objective on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. The Goldman Sachs Group lowered their price target on shares of Intel from $22.00 to $21.00 and set a “sell” rating for the company in a report on Thursday, October 17th. JPMorgan Chase & Co. lowered their price target on shares of Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a report on Friday. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $22.00 price target on shares of Intel in a report on Friday. Five investment analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Intel has a consensus rating of “Hold” and an average target price of $26.60.

Insider Buying and Selling at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of the sale, the executive vice president now owns 273,258 shares of the company’s stock, valued at $7,104,708. This represents a 8.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.04% of the stock is owned by insiders.

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.