Evergreen Wealth Solutions LLC Has $555,000 Holdings in Intel Co. (NASDAQ:INTC)

Evergreen Wealth Solutions LLC lifted its holdings in Intel Co. (NASDAQ:INTC) by 38.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,687 shares of the chip maker’s stock after purchasing an additional 7,702 shares during the quarter. Evergreen Wealth Solutions LLC’s holdings in Intel were worth $555,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in INTC. PDT Partners LLC grew its holdings in shares of Intel by 1,232.0% in the 4th quarter. PDT Partners LLC now owns 224,200 shares of the chip maker’s stock valued at $4,495,000 after acquiring an additional 207,368 shares in the last quarter. Schonfeld Strategic Advisors LLC boosted its position in Intel by 2,137.1% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 1,529,631 shares of the chip maker’s stock valued at $30,669,000 after purchasing an additional 1,461,255 shares during the last quarter. AQR Capital Management LLC grew its stake in Intel by 381.1% in the fourth quarter. AQR Capital Management LLC now owns 4,495,876 shares of the chip maker’s stock valued at $90,142,000 after purchasing an additional 3,561,351 shares in the last quarter. Northern Trust Corp increased its position in shares of Intel by 15.5% during the 4th 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 during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Intel by 0.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 2,786,564 shares of the chip maker’s stock worth $55,871,000 after purchasing an additional 10,258 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on INTC shares. Barclays restated a “reduce” rating on shares of Intel in a report on Tuesday, April 22nd. Susquehanna dropped their target price on shares of Intel from $24.00 to $22.00 and set a “neutral” rating on the stock in a report on Wednesday, April 16th. Wedbush cut their target price on shares of Intel from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, April 23rd. Wells Fargo & Company lowered their price target on Intel from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Friday, April 25th. Finally, HSBC raised Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Five analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $22.23.

Intel Stock Performance

NASDAQ:INTC opened at $20.34 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. Intel Co. has a fifty-two week low of $17.67 and a fifty-two week high of $37.16. The company has a market cap of $88.69 billion, a price-to-earnings ratio of -4.64 and a beta of 1.13. The stock has a fifty day moving average price of $21.70 and a 200-day moving average price of $21.82.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) 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 the consensus estimate of $12.26 billion. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The business’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the company posted $0.18 earnings per share. As a group, equities analysts anticipate that Intel Co. will post -0.11 EPS for the current fiscal 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.