Global Trust Asset Management LLC Sells 2,576 Shares of Intel Co. (NASDAQ:INTC)

Global Trust Asset Management LLC cut its position in shares of Intel Co. (NASDAQ:INTC) by 44.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,165 shares of the chip maker’s stock after selling 2,576 shares during the quarter. Global Trust Asset Management LLC’s holdings in Intel were worth $63,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quest Partners LLC increased its position in shares of Intel by 7,370.6% during 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 during the last quarter. FSA Wealth Management LLC acquired a new stake in Intel in the third quarter valued at $34,000. Capital Performance Advisors LLP bought a new position in shares of Intel in the 3rd quarter valued at about $36,000. West Financial Advisors LLC bought a new stake in shares of Intel in the 4th quarter valued at about $31,000. Finally, Sawyer & Company Inc acquired a new stake in Intel in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insider Buying and Selling at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the 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 sale, the executive vice president now owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Bank of America restated an “underperform” rating and issued a $21.00 price objective on shares of Intel in a research note on Tuesday, December 3rd. Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research report on Friday, November 1st. Rosenblatt Securities reaffirmed a “sell” rating and set a $17.00 target price on shares of Intel in a report on Tuesday, October 29th. Finally, Mizuho lowered their price target on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Five equities research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $28.81.

Intel Stock Performance

NASDAQ INTC opened at $21.86 on Thursday. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $50.30. The stock has a market cap of $94.28 billion, a PE ratio of -5.88, a PEG ratio of 9.46 and a beta of 1.07. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. The firm’s fifty day moving average price is $21.44 and its two-hundred day moving average price is $23.13.

Intel (NASDAQ:INTC) last issued 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 return on equity of 1.71% and a negative net margin of 29.42%. The firm had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. During the same period in the previous year, the company earned $0.28 EPS. Intel’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, equities analysts expect that Intel Co. will post -0.87 EPS for the current fiscal year.

Intel 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.