Intel Corporation (NASDAQ:INTC) Shares Purchased by Diversified Trust Co

Diversified Trust Co grew its stake in Intel Corporation (NASDAQ:INTC - Free Report) by 41.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 118,312 shares of the chip maker's stock after purchasing 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.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Intel in the 4th quarter worth about $1,246,569,000. Two Sigma Advisers LP bought a new position in shares of Intel in the fourth quarter worth approximately $289,752,000. Two Sigma Investments LP bought a new stake in shares of Intel during the fourth quarter valued at approximately $237,457,000. Toronto Dominion Bank lifted its holdings in shares of Intel by 286.8% during the fourth quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock valued at $211,114,000 after purchasing an additional 7,806,882 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Intel by 15.5% during the 4th quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock valued at $918,522,000 after buying an additional 6,157,853 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company's stock.

Intel Stock Performance

NASDAQ:INTC traded up $0.19 during trading hours on Friday, reaching $22.69. The company had a trading volume of 95,427,163 shares, compared to its average volume of 85,486,298. The business's 50 day moving average price is $20.81 and its 200-day moving average price is $21.13. The firm has a market cap of $98.97 billion, a PE ratio of -5.06 and a beta of 1.12. Intel Corporation has a 1-year low of $17.67 and a 1-year high of $37.16. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.93.

Intel (NASDAQ:INTC - Get Free Report) last announced its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share 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 the consensus estimate of $12.26 billion. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. The business's quarterly revenue was down .4% on a year-over-year basis. During the same period in the prior year, the company posted $0.18 EPS. Research analysts forecast that Intel Corporation will post -0.11 EPS for the current year.

Analyst Ratings Changes

INTC has been the topic of several recent research reports. Sanford C. Bernstein lowered their price objective on shares of Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. Wedbush lowered their price target on shares of Intel from $20.00 to $19.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. UBS Group reduced their price objective on Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Citigroup reaffirmed a "sell" rating on shares of Intel in a research note on Friday, April 25th. Finally, Mizuho cut their target price on Intel from $23.00 to $22.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Six research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $21.57.

Intel Company 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.