First Financial Bank Trust Division Sells 16,649 Shares of Intel Co. (NASDAQ:INTC)

First Financial Bank Trust Division cut its holdings in shares of Intel Co. (NASDAQ:INTC) by 9.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 159,609 shares of the chip maker’s stock after selling 16,649 shares during the period. First Financial Bank Trust Division’s holdings in Intel were worth $3,200,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Allegheny Financial Group LTD lifted its position in shares of Intel by 22.4% during the second quarter. Allegheny Financial Group LTD now owns 9,542 shares of the chip maker’s stock worth $295,000 after purchasing an additional 1,745 shares in the last quarter. Legacy Capital Wealth Partners LLC acquired a new stake in shares of Intel in the 2nd quarter valued at $355,000. Naviter Wealth LLC raised its position in shares of Intel by 22.5% during the second quarter. Naviter Wealth LLC now owns 40,840 shares of the chip maker’s stock worth $1,265,000 after acquiring an additional 7,504 shares during the last quarter. Octavia Wealth Advisors LLC lifted its stake in shares of Intel by 21.0% during the second quarter. Octavia Wealth Advisors LLC now owns 9,750 shares of the chip maker’s stock valued at $302,000 after acquiring an additional 1,691 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its holdings in Intel by 1.2% in the second quarter. Oregon Public Employees Retirement Fund now owns 365,734 shares of the chip maker’s stock valued at $11,327,000 after acquiring an additional 4,348 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

INTC has been the topic of a number of research reports. Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday, November 1st. Mizuho increased their price objective on shares of Intel from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Benchmark reaffirmed a “hold” rating on shares of Intel in a report on Friday, November 1st. Stifel Nicolaus reissued a “hold” rating and issued a $25.00 price target (down previously from $28.00) on shares of Intel in a research note on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Intel from $27.00 to $25.00 and set a “hold” rating for the company in a research note on Thursday, October 3rd. Six research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $30.04.

Intel Stock Performance

NASDAQ INTC traded up $0.18 on Thursday, hitting $20.23. 36,958,767 shares of the stock were exchanged, compared to its average volume of 61,639,930. The business’s fifty day moving average is $22.40 and its 200 day moving average is $24.24. Intel Co. has a 52 week low of $18.51 and a 52 week high of $50.30. The company has a market capitalization of $87.25 billion, a PE ratio of -5.44 and a beta of 1.05. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The business had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. During the same period in the previous year, the firm posted $0.28 EPS. The company’s revenue was down 6.3% compared to the same quarter last year. Research analysts anticipate that Intel Co. will post -0.87 EPS for the current fiscal year.

Insider Activity

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of the transaction, the executive vice president now owns 273,258 shares of the company’s stock, valued at $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.04% of the stock is owned by company insiders.

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.