UMB Bank n.a. lowered its position in shares of Intel Co. (NASDAQ:INTC – Free Report) by 36.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 58,490 shares of the chip maker’s stock after selling 33,673 shares during the period. UMB Bank n.a.’s holdings in Intel were worth $1,173,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Quest Partners LLC increased its stake in Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 1,253 shares during the period. FSA Wealth Management LLC purchased a new position in shares of Intel during the third quarter worth about $34,000. Capital Performance Advisors LLP acquired a new position in Intel in the 3rd quarter valued at about $36,000. West Financial Advisors LLC purchased a new stake in Intel during the 4th quarter valued at approximately $31,000. Finally, Sawyer & Company Inc acquired a new stake in Intel during the 4th quarter worth approximately $32,000. 64.53% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on INTC. Robert W. Baird boosted their target price on Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, November 1st. HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday. Mizuho dropped their price target on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Rosenblatt Securities reaffirmed a “sell” rating and issued a $17.00 price objective on shares of Intel in a report on Tuesday, October 29th. Finally, Citigroup cut their target price on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday. Five investment analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $28.81.
Intel Stock Up 1.3 %
INTC stock opened at $21.77 on Wednesday. Intel Co. has a one year low of $18.51 and a one year high of $50.30. The stock has a market capitalization of $93.89 billion, a P/E ratio of -5.85, a PEG ratio of 9.46 and a beta of 1.07. The company has a 50 day moving average price of $21.48 and a two-hundred day moving average price of $23.20. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31.
Intel (NASDAQ:INTC – Get Free Report) last released its earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing the consensus estimate 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 analyst estimates of $13.02 billion. During the same quarter in the previous year, the company posted $0.28 earnings per share. The business’s revenue for the quarter was down 6.3% compared to the same quarter last year. As a group, sell-side analysts expect that Intel Co. will post -0.87 EPS for the current year.
Insider Transactions at Intel
In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the sale, the executive vice president now directly owns 273,258 shares in the company, valued at $7,104,708. This represents a 8.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 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.
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