American Alpha Advisors LLC Takes Position in Intel Corporation (NASDAQ:INTC)

Key Points

• American Alpha Advisors LLC has purchased 25,001 shares of Intel Corporation (NASDAQ:INCE), valued at approximately $568,000, making it the firm's 28th largest position.
• Analysts have mixed ratings for Intel, with a consensus rating of "Hold", while six analysts have rated it as a sell and only one has given a buy rating.
• Despite reporting a loss per share of ($0.10) in its recent quarterly earnings, Intel's revenue of $12.86 billion exceeded expectations, marking a slight year-over-year increase.

American Alpha Advisors LLC bought a new position in Intel Corporation (NASDAQ:INTC - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 25,001 shares of the chip maker's stock, valued at approximately $568,000. Intel comprises approximately 0.5% of American Alpha Advisors LLC's investment portfolio, making the stock its 28th biggest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Freestone Grove Partners LP bought a new stake in shares of Intel during the fourth quarter valued at approximately $62,654,000. Toronto Dominion Bank increased its position in shares of Intel by 286.8% during the fourth quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock valued at $211,114,000 after purchasing an additional 7,806,882 shares during the period. 180 Wealth Advisors LLC increased its position in shares of Intel by 124.9% during the first quarter. 180 Wealth Advisors LLC now owns 127,916 shares of the chip maker's stock valued at $2,905,000 after purchasing an additional 71,049 shares during the period. Alteri Wealth LLC bought a new stake in shares of Intel during the fourth quarter valued at approximately $2,379,000. Finally, Gordian Capital Singapore Pte Ltd increased its position in shares of Intel by 120.7% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 64,000 shares of the chip maker's stock valued at $1,282,000 after purchasing an additional 35,000 shares during the period. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Trading Up 3.7%

NASDAQ:INTC traded up $0.73 during mid-day trading on Monday, hitting $20.68. The company had a trading volume of 172,891,010 shares, compared to its average volume of 94,041,656. Intel Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $27.55. The business's fifty day moving average is $21.58 and its two-hundred day moving average is $21.48. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.24. The firm has a market cap of $90.52 billion, a P/E ratio of -4.34 and a beta of 1.22.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The chip maker reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.11). The firm had revenue of $12.86 billion for the quarter, compared to the consensus estimate of $11.88 billion. Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%. The firm's quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.02 earnings per share. As a group, research analysts expect that Intel Corporation will post -0.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Stifel Nicolaus boosted their price target on Intel from $21.00 to $24.50 and gave the company a "hold" rating in a research note on Monday, July 21st. Seaport Res Ptn upgraded Intel to a "strong sell" rating in a research report on Wednesday, April 30th. Mizuho upped their price target on Intel from $22.00 to $23.00 and gave the company a "neutral" rating in a research report on Thursday, July 3rd. Citigroup reiterated a "hold" rating on shares of Intel in a research report on Tuesday, July 8th. Finally, Cantor Fitzgerald lowered their price target on Intel from $29.00 to $20.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. Six research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $22.17.

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.