Kentucky Trust Co Invests $482,000 in Intel Co. (NASDAQ:INTC)

Kentucky Trust Co acquired a new position in Intel Co. (NASDAQ:INTC) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 24,025 shares of the chip maker’s stock, valued at approximately $482,000.

Several other hedge funds and other institutional investors have also modified their holdings of INTC. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its stake in shares of Intel by 34.6% in the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 95,312 shares of the chip maker’s stock worth $2,236,000 after acquiring an additional 24,494 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Intel by 62.1% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 29,429 shares of the chip maker’s stock worth $690,000 after buying an additional 11,272 shares in the last quarter. Harrington Investments INC boosted its stake in Intel by 1.3% during the third quarter. Harrington Investments INC now owns 87,995 shares of the chip maker’s stock worth $2,064,000 after buying an additional 1,162 shares in the last quarter. Swedbank AB boosted its stake in Intel by 0.3% during the third quarter. Swedbank AB now owns 1,666,889 shares of the chip maker’s stock worth $39,105,000 after buying an additional 4,300 shares in the last quarter. Finally, Prospect Financial Services LLC acquired a new stake in Intel during the third quarter worth $276,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

INTC has been the topic of a number of recent research reports. Stifel Nicolaus decreased their price target on shares of Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Wells Fargo & Company decreased their price target on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Mizuho decreased 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. Barclays decreased their price target on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Finally, UBS Group cut their price objective on Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Five research 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. According to data from MarketBeat, Intel currently has a consensus rating of “Hold” and a consensus target price of $26.60.

Intel Price Performance

Shares of INTC stock opened at $20.97 on Wednesday. Intel Co. has a 1 year low of $18.51 and a 1 year high of $46.63. The firm’s 50 day moving average is $20.23 and its 200-day moving average is $21.78. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. As a group, research analysts expect that Intel Co. will post -0.11 EPS for the current fiscal 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.