Webster Bank N. A. Acquires 1,164 Shares of Intel Co. (NASDAQ:INTC)

Webster Bank N. A. increased its stake in Intel Co. (NASDAQ:INTC) by 10.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,064 shares of the chip maker’s stock after acquiring an additional 1,164 shares during the quarter. Webster Bank N. A.’s holdings in Intel were worth $242,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Dunhill Financial LLC lifted its stake in shares of Intel by 22.6% during the 3rd quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock worth $56,000 after acquiring an additional 438 shares during the last quarter. MKT Advisors LLC increased its stake in Intel by 4.8% in the third quarter. MKT Advisors LLC now owns 10,762 shares of the chip maker’s stock worth $241,000 after purchasing an additional 490 shares during the period. Beaton Management Co. Inc. lifted its position in shares of Intel by 2.2% during the third quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock worth $544,000 after purchasing an additional 500 shares during the last quarter. Everpar Advisors LLC boosted its stake in shares of Intel by 5.1% during the third quarter. Everpar Advisors LLC now owns 10,326 shares of the chip maker’s stock valued at $242,000 after purchasing an additional 504 shares during the period. Finally, Missouri Trust & Investment Co grew its holdings in shares of Intel by 3.6% in the fourth quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker’s stock worth $314,000 after purchasing an additional 550 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on INTC shares. Bank of America reiterated an “underperform” rating and issued a $21.00 target price on shares of Intel in a report on Tuesday, December 3rd. The Goldman Sachs Group lowered their price objective on shares of Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research note on Thursday, October 17th. Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Intel from $27.00 to $25.00 and set a “hold” rating for the company in a report on Thursday, October 3rd. Finally, Northland Securities dropped their price objective on shares of Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Five investment analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $27.88.

Insiders Place Their Bets

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

Intel Trading Down 3.4 %

Shares of NASDAQ:INTC opened at $20.83 on Monday. Intel Co. has a twelve month low of $18.51 and a twelve month 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 company’s 50 day moving average is $21.23 and its 200 day moving average is $22.93.

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 the consensus estimate of ($0.02) by ($0.44). The business 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 company’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period last year, the business earned $0.28 EPS. 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.