Woodline Partners LP Acquires 1,403,912 Shares of Intel Co. (NASDAQ:INTC)

Woodline Partners LP lifted its stake in Intel Co. (NASDAQ:INTC - Free Report) by 552.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,657,825 shares of the chip maker's stock after purchasing an additional 1,403,912 shares during the quarter. Woodline Partners LP's holdings in Intel were worth $33,239,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Morgan Stanley dropped their target price on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Rosenblatt Securities cut their target price on Intel from $18.00 to $14.00 and set a "sell" rating on the stock in a research note on Friday, April 25th. Roth Mkm reduced their target price on Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Cfra Research raised Intel to a "hold" rating in a report on Friday, April 25th. Finally, Stifel Nicolaus dropped their price objective on Intel from $25.00 to $21.00 and set a "hold" rating on the stock in a research report on Friday, January 31st. Six analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, Intel presently has an average rating of "Hold" and a consensus target price of $21.67.

Intel Stock Performance

NASDAQ:INTC opened at $21.27 on Wednesday. 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 50-day simple moving average of $21.36 and a two-hundred day simple moving average of $21.66. The firm has a market capitalization of $92.78 billion, a PE ratio of -4.86 and a beta of 1.15. Intel Co. has a 52-week low of $17.67 and a 52-week high of $37.16.

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 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 analysts' expectations of $12.26 billion. During the same period in the previous year, the firm earned $0.18 EPS. The business's quarterly revenue was down .4% on a year-over-year basis. Analysts forecast that Intel Co. will post -0.11 EPS for the current year.

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.

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