Greenline Partners LLC Buys 4,835 Shares of Intel Co. (NASDAQ:INTC)

Greenline Partners LLC grew its stake in Intel Co. (NASDAQ:INTC) by 7.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 67,507 shares of the chip maker’s stock after acquiring an additional 4,835 shares during the period. Greenline Partners LLC’s holdings in Intel were worth $1,354,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of INTC. Finley Financial LLC acquired a new stake in Intel in the fourth quarter worth $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 position in Intel in the fourth quarter valued at about $28,000. Keystone Financial Group Inc. bought a new stake in shares of Intel in the fourth quarter worth about $29,000. Finally, West Financial Advisors LLC acquired a new stake in shares of Intel during the fourth quarter worth about $31,000. Institutional investors own 64.53% of the company’s stock.

Intel Stock Up 2.1 %

INTC stock opened at $21.44 on Friday. The business’s 50 day simple moving average is $21.24 and its 200 day simple moving average is $21.70. Intel Co. has a 1-year low of $17.67 and a 1-year high of $37.16. The firm has a market capitalization of $93.52 billion, a PE ratio of -4.89 and a beta of 1.15. 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) last issued its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.12. The company had revenue of $12.67 billion for the quarter, compared to analyst estimates 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 period in the prior year, the firm earned $0.18 earnings per share. As a group, research analysts anticipate that Intel Co. will post -0.11 EPS for the current year.

Analysts Set New Price Targets

INTC has been the subject of several research analyst reports. Rosenblatt Securities decreased their price objective on Intel from $18.00 to $14.00 and set a “sell” rating for the company in a research report on Friday, April 25th. Cfra Research raised shares of Intel to a “hold” rating in a research report on Friday, April 25th. StockNews.com raised shares of Intel from a “sell” rating to a “hold” rating in a research report on Monday, April 28th. Seaport Res Ptn upgraded Intel to a “strong sell” rating in a report on Wednesday, April 30th. Finally, Benchmark restated a “hold” rating on shares of Intel in a report on Friday, April 25th. Six research 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $22.23.

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.