Private Trust Co. NA Trims Stock Holdings in Intel Co. (NASDAQ:INTC)

Private Trust Co. NA trimmed its holdings in Intel Co. (NASDAQ:INTC) by 18.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,005 shares of the chip maker’s stock after selling 4,732 shares during the period. Private Trust Co. NA’s holdings in Intel were worth $421,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Quest Partners LLC grew its stake in Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after buying an additional 1,253 shares in the last quarter. Finley Financial LLC purchased a new position in Intel in the 4th quarter valued at approximately $25,000. BankPlus Trust Department purchased a new position in shares of Intel during the 4th quarter valued at $28,000. Keystone Financial Group Inc. purchased a new position in shares of Intel during the 4th quarter valued at $29,000. Finally, FSA Wealth Management LLC purchased a new position in shares of Intel during the 3rd quarter valued at $34,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on INTC shares. Rosenblatt Securities restated a “sell” rating and set a $20.00 price target on shares of Intel in a research report on Thursday, January 30th. Wells Fargo & Company reduced their price target on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Cantor Fitzgerald boosted their price target on shares of Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, February 18th. Truist Financial reduced their price target on shares of Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Finally, Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Intel presently has an average rating of “Hold” and an average target price of $26.88.

Intel Stock Performance

Intel stock opened at $23.74 on Monday. The company has a market capitalization of $102.80 billion, a PE ratio of -5.42 and a beta of 1.08. The firm has a fifty day simple moving average of $21.21 and a two-hundred day simple moving average of $21.81. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. Intel Co. has a twelve month low of $18.51 and a twelve month high of $46.63.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. Research analysts expect that Intel Co. will post -0.11 EPS for the current year.

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.