Woodline Partners LP Raises Holdings in Intel Co. (NASDAQ:INTC)

Woodline Partners LP increased its holdings in Intel Co. (NASDAQ:INTC) by 552.9% during the 4th quarter, HoldingsChannel reports. The firm owned 1,657,825 shares of the chip maker’s stock after buying an additional 1,403,912 shares during the period. Woodline Partners LP’s holdings in Intel were worth $33,239,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in INTC. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Intel by 33.9% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 13,906 shares of the chip maker’s stock valued at $279,000 after acquiring an additional 3,519 shares during the period. Merit Financial Group LLC increased its stake in shares of Intel by 22.6% in the fourth quarter. Merit Financial Group LLC now owns 66,736 shares of the chip maker’s stock worth $1,338,000 after acquiring an additional 12,312 shares during the period. Diversify Wealth Management LLC purchased a new position in shares of Intel during the fourth quarter worth $206,000. Perpetual Ltd acquired a new position in Intel during the fourth quarter valued at $427,000. Finally, Clear Harbor Asset Management LLC boosted its holdings in Intel by 212.3% in the fourth quarter. Clear Harbor Asset Management LLC now owns 109,479 shares of the chip maker’s stock valued at $2,195,000 after purchasing an additional 74,422 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Rosenblatt Securities decreased their price objective on Intel from $18.00 to $14.00 and set a “sell” rating for the company in a report on Friday, April 25th. Citigroup restated a “sell” rating on shares of Intel in a research report on Friday, April 25th. Bank of America raised shares of Intel from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $19.00 to $25.00 in a research note on Thursday, March 13th. 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 report on Wednesday, April 23rd. Finally, StockNews.com raised shares of Intel from a “sell” rating to a “hold” rating in a report on Monday, April 28th. Six research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Intel currently has a consensus rating of “Hold” and a consensus target price of $21.67.

Intel Price Performance

Shares of Intel stock opened at $21.27 on Wednesday. The stock has a market capitalization of $92.78 billion, a P/E ratio of -4.86 and a beta of 1.15. The business has a 50 day simple moving average of $21.36 and a two-hundred day simple moving average of $21.66. Intel Co. has a 12 month low of $17.67 and a 12 month high of $37.16. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $12.26 billion. During the same period in the previous year, the business earned $0.18 earnings per share. The firm’s revenue for the quarter was down .4% on a year-over-year basis. As a group, 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.