PDT Partners LLC Purchases 207,368 Shares of Intel Co. (NASDAQ:INTC)

PDT Partners LLC grew its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 1,232.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 224,200 shares of the chip maker's stock after purchasing an additional 207,368 shares during the quarter. PDT Partners LLC's holdings in Intel were worth $4,495,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of INTC. Norges Bank bought a new position in Intel during the 4th quarter worth approximately $1,246,569,000. Assenagon Asset Management S.A. lifted its position in shares of Intel by 264.0% in 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 purchasing an additional 14,227,458 shares in the last quarter. 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 worth $918,522,000 after purchasing an additional 6,157,853 shares in the last quarter. Vanguard Group Inc. lifted its stake in Intel by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker's stock valued at $7,400,439,000 after purchasing an additional 6,143,164 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Intel in the 4th quarter valued at $93,393,000. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Price Performance

Shares of NASDAQ INTC traded down $0.24 during midday trading on Wednesday, reaching $20.10. 67,694,791 shares of the company were exchanged, compared to its average volume of 79,555,536. The stock's 50-day moving average price is $21.61 and its 200-day moving average price is $21.81. The stock has a market cap of $87.65 billion, a P/E ratio of -4.59 and a beta of 1.13. Intel Co. has a one year low of $17.67 and a one year high of $37.16. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC - Get Free Report) last posted its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.12. The firm had revenue of $12.67 billion for the quarter, compared to analysts' expectations of $12.26 billion. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The company's revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.18 earnings per share. On average, sell-side analysts anticipate that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

INTC has been the topic of several research analyst reports. Mizuho dropped their price objective on shares of Intel from $23.00 to $22.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. HSBC raised Intel from a "reduce" rating to a "hold" rating in a report on Tuesday, January 21st. Stifel Nicolaus decreased their price objective on Intel from $25.00 to $21.00 and set a "hold" rating on the stock in a report on Friday, January 31st. Roth Mkm dropped 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. Finally, Bank of America raised shares of Intel from an "underperform" rating to a "neutral" rating and boosted their target price for the company from $19.00 to $25.00 in a research report on Thursday, March 13th. Five investment analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $22.23.

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.