Alteri Wealth LLC Buys New Holdings in Intel Co. (NASDAQ:INTC)

Alteri Wealth LLC acquired a new position in Intel Co. (NASDAQ:INTC - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 118,642 shares of the chip maker's stock, valued at approximately $2,379,000. Intel comprises 0.7% of Alteri Wealth LLC's portfolio, making the stock its 20th biggest holding.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Aptus Capital Advisors LLC boosted its position in shares of Intel by 67.5% during the 4th quarter. Aptus Capital Advisors LLC now owns 80,581 shares of the chip maker's stock worth $1,616,000 after acquiring an additional 32,466 shares in the last quarter. Accredited Wealth Management LLC acquired a new position in Intel in the fourth quarter valued at approximately $54,000. 4WEALTH Advisors Inc. purchased a new position in Intel in the fourth quarter valued at approximately $292,000. Gallagher Fiduciary Advisors LLC raised its holdings in Intel by 8.4% during the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 25,742 shares of the chip maker's stock worth $516,000 after purchasing an additional 1,984 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. lifted its position in shares of Intel by 305.2% during the 4th quarter. Maple Rock Capital Partners Inc. now owns 909,670 shares of the chip maker's stock worth $18,239,000 after buying an additional 685,170 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Price Performance

Intel stock traded up $0.09 during midday trading on Wednesday, reaching $20.03. 21,127,698 shares of the company were exchanged, compared to its average volume of 79,513,811. The firm's 50-day simple moving average is $21.35 and its 200-day simple moving average is $21.73. Intel Co. has a 1 year low of $17.67 and a 1 year high of $37.16. The company has a market capitalization of $87.35 billion, a price-to-earnings ratio of -4.58 and a beta of 1.15. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.12. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The business had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. During the same quarter in the previous year, the business posted $0.18 earnings per share. The company's revenue was down .4% on a year-over-year basis. On average, analysts anticipate that Intel Co. will post -0.11 EPS for the current year.

Analysts Set New Price Targets

INTC has been the subject of a number of research reports. 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 research report on Friday, January 31st. Bank of America raised Intel from an "underperform" rating to a "neutral" rating and upped their target price for the company from $19.00 to $25.00 in a research report on Thursday, March 13th. Mizuho cut their price target on Intel from $23.00 to $22.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Susquehanna decreased their price objective on Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a report on Friday, April 25th. Six equities research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $22.23.

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.