Intel Co. (NASDAQ:INTC) Shares Sold by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. decreased its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 8.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 180,722 shares of the chip maker's stock after selling 17,611 shares during the quarter. Whittier Trust Co. of Nevada Inc.'s holdings in Intel were worth $3,622,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. HUB Investment Partners LLC raised its position in shares of Intel by 15.1% during the 4th quarter. HUB Investment Partners LLC now owns 23,927 shares of the chip maker's stock worth $480,000 after purchasing an additional 3,140 shares during the last quarter. iA Global Asset Management Inc. raised its holdings in shares of Intel by 6.6% during the fourth quarter. iA Global Asset Management Inc. now owns 464,877 shares of the chip maker's stock valued at $9,321,000 after acquiring an additional 28,986 shares during the last quarter. Magnetar Financial LLC purchased a new position in shares of Intel in the fourth quarter valued at approximately $2,057,000. Teacher Retirement System of Texas boosted its stake in shares of Intel by 785.0% in the fourth quarter. Teacher Retirement System of Texas now owns 252,221 shares of the chip maker's stock worth $5,057,000 after acquiring an additional 223,720 shares during the last quarter. Finally, Atlantic Private Wealth LLC increased its position in shares of Intel by 122.5% during the fourth quarter. Atlantic Private Wealth LLC now owns 2,510 shares of the chip maker's stock worth $50,000 after purchasing an additional 1,382 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company's stock.

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Intel Trading Down 0.1 %

Shares of NASDAQ INTC traded down $0.02 during trading on Tuesday, reaching $24.20. The stock had a trading volume of 51,630,579 shares, compared to its average volume of 72,076,659. The business's 50-day moving average price is $22.05 and its 200-day moving average price is $22.04. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $45.41. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The company has a market cap of $104.79 billion, a P/E ratio of -5.53 and a beta of 1.02.

Intel (NASDAQ:INTC - Get Free Report) last released its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. On average, equities research analysts predict that Intel Co. will post -0.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

INTC has been the topic of a number of research reports. UBS Group decreased their price objective on Intel from $26.00 to $23.00 and set a "neutral" rating on the stock in a report on Tuesday, January 21st. Needham & Company LLC restated a "hold" rating on shares of Intel in a research report on Friday, January 31st. Barclays dropped their price objective on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research note on Friday, January 17th. Wells Fargo & Company decreased their target price on shares of Intel from $28.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Friday, January 31st. Finally, Hsbc Global Res upgraded Intel from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, January 21st. Four research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $27.04.

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.