Aigen Investment Management LP Purchases New Position in Intel Co. (NASDAQ:INTC)

Aigen Investment Management LP purchased a new stake in Intel Co. (NASDAQ:INTC) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 58,972 shares of the chip maker’s stock, valued at approximately $1,182,000.

A number of other institutional investors have also recently made changes to their positions in the business. Harbor Capital Advisors Inc. raised its position in Intel by 6.3% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 55,271 shares of the chip maker’s stock worth $1,297,000 after purchasing an additional 3,272 shares during the period. Catalyst Capital Advisors LLC raised its position in Intel by 1,110.8% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 49,522 shares of the chip maker’s stock worth $1,162,000 after purchasing an additional 45,432 shares during the period. United Advisor Group LLC purchased a new stake in Intel in the 3rd quarter worth about $367,000. NorthRock Partners LLC raised its position in Intel by 30.0% in the 3rd quarter. NorthRock Partners LLC now owns 20,783 shares of the chip maker’s stock worth $488,000 after purchasing an additional 4,800 shares during the period. Finally, Focused Wealth Management Inc raised its position in Intel by 35.0% in the 3rd quarter. Focused Wealth Management Inc now owns 75,448 shares of the chip maker’s stock worth $1,770,000 after purchasing an additional 19,551 shares during the period. Institutional investors own 64.53% of the company’s stock.

Intel Stock Down 2.4 %

INTC stock opened at $20.81 on Thursday. The stock has a market capitalization of $90.11 billion, a P/E ratio of -4.75 and a beta of 1.02. The firm has a 50-day simple moving average of $21.28 and a 200-day simple moving average of $21.82. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. Intel Co. has a 52 week low of $18.51 and a 52 week high of $46.63.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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%. Equities analysts forecast that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

INTC has been the topic of a number of recent analyst reports. Truist Financial reduced their price objective on shares of Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Mizuho reduced their target price on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Finally, Citigroup reduced their target price on shares of Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $26.88.

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.