PDT Partners LLC Has $4.50 Million Stock Position in Intel Co. (NASDAQ:INTC)

PDT Partners LLC lifted its position in shares of Intel Co. (NASDAQ:INTC) by 1,232.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. 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 Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Finley Financial LLC bought a new stake in Intel in the 4th quarter valued at $25,000. Synergy Investment Management LLC bought a new position in Intel during the fourth quarter worth about $27,000. BankPlus Trust Department acquired a new stake in Intel during the fourth quarter valued at approximately $28,000. Keystone Financial Group Inc. bought a new stake in shares of Intel in the 4th quarter valued at approximately $29,000. Finally, West Financial Advisors LLC acquired a new position in shares of Intel in the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

INTC has been the subject of several recent analyst reports. Morgan Stanley dropped their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday. Mizuho cut their target price on shares of Intel from $23.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday. Truist Financial decreased their price target on Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Roth Mkm cut their price objective on Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Finally, Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Five investment analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $22.23.

Intel Price Performance

Shares of NASDAQ:INTC opened at $20.51 on Tuesday. The firm has a 50 day moving average of $21.82 and a 200-day moving average of $21.83. 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 Co. has a 12 month low of $17.67 and a 12 month high of $37.16. The stock has a market capitalization of $89.44 billion, a PE ratio of -4.68 and a beta of 1.13.

Intel (NASDAQ:INTC) 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, equities research analysts predict that Intel Co. will post -0.11 EPS for the current fiscal year.

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.