Lynx Investment Advisory Invests $1.45 Million in Intel Co. (NASDAQ:INTC)

Lynx Investment Advisory purchased a new position in Intel Co. (NASDAQ:INTC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 72,314 shares of the chip maker’s stock, valued at approximately $1,450,000. Intel makes up 1.0% of Lynx Investment Advisory’s investment portfolio, making the stock its 25th biggest holding.

Several other institutional investors and hedge funds also recently modified their holdings of INTC. Finley Financial LLC bought a new position in shares of Intel in the fourth quarter worth $25,000. Synergy Investment Management LLC acquired a new stake in shares of Intel in the fourth quarter valued at $27,000. BankPlus Trust Department acquired a new stake in shares of Intel in the fourth quarter valued at $28,000. Keystone Financial Group Inc. acquired a new stake in shares of Intel in the fourth quarter valued at $29,000. Finally, Quest Partners LLC lifted its holdings in shares of Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after buying an additional 1,253 shares during the period. Institutional investors own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on INTC. HSBC raised Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Citigroup reduced their price objective on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research note on Friday, January 31st. Finally, Wells Fargo & Company reduced their price objective on Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, Intel presently has an average rating of “Hold” and an average price target of $27.04.

Intel Stock Performance

INTC opened at $24.26 on Monday. The firm has a market cap of $105.05 billion, a P/E ratio of -5.54 and a beta of 1.02. Intel Co. has a 1-year low of $18.51 and a 1-year high of $45.41. The company has a 50 day simple moving average of $21.95 and a two-hundred day simple moving average of $22.01. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98.

Intel (NASDAQ:INTC) last issued its 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.

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.