Pallas Capital Advisors LLC Buys 32,904 Shares of Intel Co. (NASDAQ:INTC)

Pallas Capital Advisors LLC grew its position in Intel Co. (NASDAQ:INTC - Free Report) by 81.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 73,423 shares of the chip maker's stock after purchasing an additional 32,904 shares during the quarter. Pallas Capital Advisors LLC's holdings in Intel were worth $1,667,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vermillion Wealth Management Inc. bought a new stake in shares of Intel in the fourth quarter valued at approximately $27,000. Synergy Investment Management LLC bought a new stake in shares of Intel in the fourth quarter valued at approximately $27,000. BankPlus Trust Department bought a new stake in shares of Intel in the fourth quarter valued at approximately $28,000. Conquis Financial LLC bought a new stake in shares of Intel in the fourth quarter valued at approximately $32,000. Finally, IMG Wealth Management Inc. bought a new stake in shares of Intel in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 64.53% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on INTC. Seaport Res Ptn upgraded Intel to a "strong sell" rating in a research note on Wednesday, April 30th. Sanford C. Bernstein cut their price target on Intel from $25.00 to $21.00 and set a "market perform" rating for the company in a research note on Tuesday, April 22nd. Barclays reiterated a "reduce" rating on shares of Intel in a research note on Tuesday, April 22nd. Deutsche Bank Aktiengesellschaft started coverage on Intel in a research note on Wednesday, May 21st. They set a "hold" rating and a $23.00 target price for the company. Finally, Needham & Company LLC restated a "hold" rating on shares of Intel in a research note on Friday, April 25th. Six analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $21.57.

Intel Trading Down 3.0%

INTC traded down $0.63 during trading on Friday, reaching $20.14. 87,385,210 shares of the company's stock were exchanged, compared to its average volume of 83,420,181. Intel Co. has a one year low of $17.67 and a one year high of $37.16. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $87.85 billion, a PE ratio of -4.60 and a beta of 1.12. The firm has a fifty day moving average price of $20.39 and a two-hundred day moving average price of $21.19.

Intel (NASDAQ:INTC - Get Free Report) last announced its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.12. The business had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Intel's revenue for the quarter was down .4% compared to the same quarter last year. During the same period last year, the company earned $0.18 EPS. As a group, equities research analysts forecast that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Intel Profile

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.