Diversified Trust Co Boosts Position in Intel Corporation (NASDAQ:INTC)

Diversified Trust Co grew its stake in Intel Corporation (NASDAQ:INTC) by 41.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,312 shares of the chip maker’s stock after acquiring an additional 34,521 shares during the quarter. Diversified Trust Co’s holdings in Intel were worth $2,687,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its position 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 valued at $7,400,439,000 after acquiring an additional 6,143,164 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Intel by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 95,488,444 shares of the chip maker’s stock valued at $1,909,761,000 after acquiring an additional 2,978,346 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Intel by 8.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,263,339 shares of the chip maker’s stock valued at $1,268,430,000 after acquiring an additional 4,793,927 shares in the last quarter. Norges Bank purchased a new stake in shares of Intel in the fourth quarter valued at $1,246,569,000. Finally, Northern Trust Corp lifted 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 in the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Stock Performance

Intel stock opened at $22.69 on Friday. The stock’s 50 day moving average price is $20.81 and its 200 day moving average price is $21.12. The firm has a market capitalization of $98.97 billion, a PE ratio of -5.06 and a beta of 1.12. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.31. Intel Corporation has a one year low of $17.67 and a one year high of $37.16.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, topping the consensus estimate of $0.01 by $0.12. The firm had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. Intel’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the previous year, the company posted $0.18 EPS. As a group, sell-side analysts expect that Intel Corporation will post -0.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

INTC has been the topic of several recent research reports. Bank of America upgraded Intel from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $19.00 to $25.00 in a research report on Thursday, March 13th. Wells Fargo & Company reduced their target price on Intel from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Friday, April 25th. Susquehanna reduced their target price on Intel from $24.00 to $22.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 16th. Citigroup reiterated a “sell” rating on shares of Intel in a research report on Friday, April 25th. Finally, Mizuho reduced their target price on Intel from $23.00 to $22.00 and set a “neutral” rating on the stock in a research report 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 company currently has an average rating of “Hold” and a consensus price target of $21.57.

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.