Intel Co. (NASDAQ:INTC) Shares Bought by Crestline Management LP

Crestline Management LP raised its holdings in shares of Intel Co. (NASDAQ:INTC - Free Report) by 1,672.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 976,000 shares of the chip maker's stock after purchasing an additional 920,935 shares during the quarter. Intel accounts for about 0.6% of Crestline Management LP's portfolio, making the stock its 19th largest position. Crestline Management LP's holdings in Intel were worth $19,569,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Evergreen Capital Management LLC lifted its holdings in shares of Intel by 1.0% during the 4th quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker's stock valued at $840,000 after acquiring an additional 419 shares in the last quarter. Federated Hermes Inc. increased its holdings in shares of Intel by 0.3% in the fourth quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker's stock valued at $3,263,000 after buying an additional 456 shares in the last quarter. CFM Wealth Partners LLC grew its holdings in shares of Intel by 4.0% during the fourth quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker's stock valued at $263,000 after buying an additional 500 shares in the last quarter. Ausdal Financial Partners Inc. lifted its holdings in shares of Intel by 2.0% during the 4th quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker's stock valued at $501,000 after buying an additional 500 shares during the last quarter. Finally, Wealth Quarterback LLC increased its holdings in shares of Intel by 2.0% during the 4th quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker's stock valued at $510,000 after acquiring an additional 508 shares during the last quarter. 64.53% of the stock is owned by institutional investors.

Intel Trading Up 3.3 %

Shares of INTC stock traded up $0.67 on Thursday, hitting $20.98. 71,525,033 shares of the stock traded hands, compared to its average volume of 79,840,918. The firm's 50-day moving average price is $21.28 and its two-hundred day moving average price is $21.72. Intel Co. has a twelve month low of $17.67 and a twelve month high of $37.16. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The stock has a market capitalization of $91.49 billion, a PE ratio of -4.79 and a beta of 1.15.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $12.26 billion. During the same quarter in the previous year, the business earned $0.18 EPS. The company's quarterly revenue was down .4% compared to the same quarter last year. As a group, analysts anticipate that Intel Co. will post -0.11 EPS for the current year.

Analysts Set New Price Targets

INTC has been the subject of a number of analyst reports. Mizuho reduced their price objective on shares of Intel from $23.00 to $22.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Citigroup restated a "sell" rating on shares of Intel in a research note on Friday, April 25th. Bank of America upgraded shares of Intel from an "underperform" rating to a "neutral" rating and raised their price objective for the stock from $19.00 to $25.00 in a research report on Thursday, March 13th. Seaport Res Ptn upgraded shares of Intel to a "strong sell" rating in a research report on Wednesday, April 30th. Finally, Benchmark reiterated a "hold" rating on shares of Intel in a report on Friday, April 25th. Six investment analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, Intel currently has an average rating of "Hold" and an average price target of $22.23.

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.