Intel Co. (NASDAQ:INTC) Shares Sold by Hilltop National Bank

Hilltop National Bank trimmed its position in Intel Co. (NASDAQ:INTC) by 20.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,161 shares of the chip maker’s stock after selling 1,890 shares during the period. Hilltop National Bank’s holdings in Intel were worth $144,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Cyrus J. Lawrence LLC acquired a new position in shares of Intel during the second quarter worth approximately $27,000. Quest Partners LLC boosted its position in shares of Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after buying an additional 1,253 shares during the period. Groupama Asset Managment boosted its position in shares of Intel by 6.3% during the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after buying an additional 8,084 shares during the period. FSA Wealth Management LLC acquired a new position in shares of Intel during the third quarter worth approximately $34,000. Finally, Fairfield Financial Advisors LTD acquired a new position in shares of Intel during the second quarter worth approximately $35,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on INTC shares. The Goldman Sachs Group reduced their price objective on Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research report on Thursday, October 17th. Benchmark reissued a “hold” rating on shares of Intel in a report on Friday, November 1st. Truist Financial boosted their target price on Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Mizuho dropped their target price on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday. Finally, Needham & Company LLC reissued a “hold” rating on shares of Intel in a report on Friday, November 1st. Six equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $29.96.

Intel Trading Down 3.7 %

Shares of NASDAQ:INTC opened at $19.15 on Friday. The stock has a market capitalization of $82.59 billion, a PE ratio of -5.15 and a beta of 1.07. Intel Co. has a 1 year low of $18.51 and a 1 year high of $50.30. The firm has a fifty day moving average price of $22.03 and a 200 day moving average price of $23.75. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last issued its quarterly earnings data 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). The business had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.28 earnings per share. Analysts expect that Intel Co. will post -0.87 EPS for the current fiscal year.

Insiders Place Their Bets

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.04% of the company’s stock.

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.