Greenline Partners LLC Purchases 4,835 Shares of Intel Co. (NASDAQ:INTC)

Greenline Partners LLC increased its position in Intel Co. (NASDAQ:INTC) by 7.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,507 shares of the chip maker’s stock after acquiring an additional 4,835 shares during the quarter. Greenline Partners LLC’s holdings in Intel were worth $1,354,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Intel during the 4th quarter worth about $1,246,569,000. Assenagon Asset Management S.A. lifted its holdings in shares of Intel by 264.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker’s stock worth $393,323,000 after buying an additional 14,227,458 shares during the last quarter. Northern Trust Corp boosted its position in shares of Intel by 15.5% in the fourth quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker’s stock valued at $918,522,000 after acquiring an additional 6,157,853 shares during the period. Vanguard Group Inc. grew its stake in shares of Intel by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker’s stock worth $7,400,439,000 after acquiring an additional 6,143,164 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in Intel during the fourth quarter worth $93,393,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on INTC shares. Roth Mkm decreased their price target on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Morgan Stanley lowered their price target on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday, April 25th. Wedbush reduced their price objective on Intel from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, April 23rd. Cfra Research upgraded Intel to a “hold” rating in a research report on Friday, April 25th. Finally, HSBC raised Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Six investment analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $22.23.

Intel Price Performance

INTC opened at $21.44 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The stock has a market capitalization of $93.52 billion, a P/E ratio of -4.89 and a beta of 1.15. The company’s 50 day simple moving average is $21.24 and its 200-day simple moving average is $21.70. Intel Co. has a one year low of $17.67 and a one year high of $37.16.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.12. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. 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 company earned $0.18 EPS. The business’s quarterly revenue was down .4% compared to the same quarter last year. Sell-side analysts anticipate 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.