Victrix Investment Advisors Invests $1.64 Million in Intel Co. (NASDAQ:INTC)

Victrix Investment Advisors purchased a new position in shares of Intel Co. (NASDAQ:INTC) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 81,687 shares of the chip maker’s stock, valued at approximately $1,638,000. Intel accounts for about 1.2% of Victrix Investment Advisors’ portfolio, making the stock its 28th largest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in INTC. Finley Financial LLC bought a new stake in shares of Intel during the 4th quarter worth approximately $25,000. Synergy Investment Management LLC bought a new stake in shares of Intel during the 4th quarter worth approximately $27,000. BankPlus Trust Department bought a new position in Intel in the 4th quarter valued at approximately $28,000. Keystone Financial Group Inc. bought a new position in Intel in the 4th quarter valued at approximately $29,000. Finally, Conquis Financial LLC bought a new position in Intel in the 4th quarter valued at approximately $32,000. Institutional investors own 64.53% of the company’s stock.

Intel Stock Up 0.5%

Intel stock opened at $21.66 on Monday. Intel Co. has a 1-year low of $17.67 and a 1-year high of $37.16. The firm has a market capitalization of $94.48 billion, a price-to-earnings ratio of -4.95 and a beta of 1.15. The firm’s fifty day moving average price is $21.40 and its two-hundred day moving average price is $21.68. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last released 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 firm had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. During the same period last year, the firm earned $0.18 earnings per share. The business’s quarterly revenue was down .4% compared to the same quarter last year. On average, equities research analysts predict that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on INTC shares. Susquehanna decreased their price target on shares of Intel from $24.00 to $22.00 and set a “neutral” rating for the company in a research report on Wednesday, April 16th. Benchmark restated a “hold” rating on shares of Intel in a research report on Friday, April 25th. Seaport Res Ptn upgraded shares of Intel to a “strong sell” rating in a research report on Wednesday, April 30th. Mizuho decreased their price target on shares of Intel from $23.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Intel from $23.00 to $20.00 and set an “underweight” rating for the company in a research report on Friday, April 25th. Six equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Intel has an average rating of “Hold” and an average price target of $21.67.

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.