Sender Co & Partners Inc. Purchases New Position in Intel Co. (NASDAQ:INTC)

Sender Co & Partners Inc. bought a new stake in Intel Co. (NASDAQ:INTC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 42,505 shares of the chip maker's stock, valued at approximately $852,000.

Several other large investors also recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Intel in the 4th quarter valued at about $1,246,569,000. Northern Trust Corp lifted its holdings in shares of Intel by 15.5% in the 4th quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock valued at $918,522,000 after purchasing an additional 6,157,853 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of 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. Lazard Asset Management LLC lifted its holdings in shares of Intel by 4,290.4% in the 4th quarter. Lazard Asset Management LLC now owns 6,207,340 shares of the chip maker's stock valued at $124,456,000 after purchasing an additional 6,065,956 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Intel in the 4th quarter valued at about $93,393,000. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Trading Up 0.5%

Shares of Intel stock traded up $0.11 during trading hours on Friday, reaching $21.66. 55,062,379 shares of the company's stock were exchanged, compared to its average volume of 80,659,741. Intel Co. has a 52-week low of $17.67 and a 52-week high of $37.16. The firm has a market capitalization of $94.48 billion, a price-to-earnings ratio of -4.95 and a beta of 1.15. The company has a fifty day moving average of $21.40 and a 200-day moving average of $21.68. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly 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. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The company had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. During the same quarter in the prior year, the company posted $0.18 EPS. The business's revenue for the quarter was down .4% compared to the same quarter last year. Sell-side analysts forecast that Intel Co. will post -0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on INTC. Needham & Company LLC restated a "hold" rating on shares of Intel in a research report on Friday, April 25th. Stifel Nicolaus dropped their target price on Intel from $25.00 to $21.00 and set a "hold" rating on the stock in a research report on Friday, January 31st. Wedbush dropped their target price on Intel from $20.00 to $19.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Sanford C. Bernstein dropped their target price on Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. dropped their target price on Intel from $23.00 to $20.00 and set an "underweight" rating on the stock in a research report on Friday, April 25th. Six equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, Intel has an average rating of "Hold" and a consensus target price of $21.67.

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.