By otakuyassine3@gmail.com 
CNB Bank decreased its holdings in Intel Co. (NASDAQ:INTC – Free Report) by 21.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,587 shares of the chip maker’s stock after selling 1,254 shares during the quarter. CNB Bank’s holdings in Intel were worth $92,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Cyrus J. Lawrence LLC bought a new stake in shares of Intel in the 2nd quarter valued at about $27,000. Quest Partners LLC lifted its stake in shares of Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after acquiring an additional 1,253 shares during the period. FSA Wealth Management LLC bought a new stake in Intel in the third quarter valued at approximately $34,000. Capital Performance Advisors LLP acquired a new stake in Intel during the 3rd quarter valued at approximately $36,000. Finally, West Financial Advisors LLC bought a new position in Intel during the 4th quarter worth approximately $31,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.
Intel Price Performance
Shares of NASDAQ:INTC opened at $21.28 on Friday. Intel Co. has a 1-year low of $18.51 and a 1-year high of $50.30. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. The stock has a market cap of $91.77 billion, a PE ratio of -5.71, a price-to-earnings-growth ratio of 8.53 and a beta of 1.07. The stock’s fifty day simple moving average is $21.78 and its two-hundred day simple moving average is $23.47.
Intel (NASDAQ:INTC – Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The firm had revenue of $13.30 billion for the quarter, compared to analysts’ expectations of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.28 earnings per share. As a group, analysts forecast that Intel Co. will post -0.87 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on INTC. Stifel Nicolaus reaffirmed a “hold” rating and issued a $25.00 price objective (down from $28.00) on shares of Intel in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a research report on Thursday, October 3rd. Barclays lowered their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday. Bank of America restated an “underperform” rating and set a $21.00 target price on shares of Intel in a research report on Tuesday, December 3rd. Finally, Mizuho lowered their target price on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Six research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $29.88.
Check Out Our Latest Analysis on Intel
Insider Activity
In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value of $650,000.00. Following the transaction, the executive vice president now directly owns 273,258 shares in the company, valued at $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.04% of the stock is currently owned by corporate insiders.
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.
Further Reading
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