Dorsey & Whitney Trust CO LLC Buys 2,737 Shares of Intel Co. (NASDAQ:INTC)

Dorsey & Whitney Trust CO LLC lifted its stake in Intel Co. (NASDAQ:INTC) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,926 shares of the chip maker’s stock after purchasing an additional 2,737 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Intel were worth $2,164,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Quest Partners LLC boosted its position in shares of Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after purchasing an additional 1,253 shares in the last quarter. Finley Financial LLC bought a new stake in shares of Intel in the 4th quarter worth approximately $25,000. Synergy Investment Management LLC bought a new stake in shares of Intel in the 4th quarter worth approximately $27,000. BankPlus Trust Department bought a new stake in shares of Intel in the 4th quarter worth approximately $28,000. Finally, Keystone Financial Group Inc. bought a new stake in shares of Intel in the 4th quarter worth approximately $29,000. 64.53% of the stock is owned by institutional investors.

Intel Trading Down 0.5 %

NASDAQ:INTC opened at $20.64 on Friday. Intel Co. has a one year low of $18.51 and a one year high of $46.63. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The firm has a market capitalization of $89.37 billion, a price-to-earnings ratio of -4.71 and a beta of 1.02. The business has a fifty day moving average price of $21.30 and a 200-day moving average price of $21.81.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Sell-side analysts forecast that Intel Co. will post -0.11 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Rosenblatt Securities reaffirmed a “sell” rating and issued a $20.00 price objective on shares of Intel in a research report on Thursday, January 30th. JPMorgan Chase & Co. lowered their price objective on Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a research report on Friday, January 31st. Citigroup lowered their price objective on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Mizuho lowered their price objective on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Finally, Stifel Nicolaus lowered their price objective on Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Five 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 company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $26.88.

About Intel

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.