Intrust Bank NA Sells 4,636 Shares of Intel Co. (NASDAQ:INTC)

Intrust Bank NA cut its stake in shares of Intel Co. (NASDAQ:INTC) by 31.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,164 shares of the chip maker’s stock after selling 4,636 shares during the period. Intrust Bank NA’s holdings in Intel were worth $204,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of INTC. Norges Bank bought a new position in shares of Intel during the 4th quarter worth approximately $1,246,569,000. Assenagon Asset Management S.A. lifted its holdings in Intel by 264.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker’s stock worth $393,323,000 after acquiring an additional 14,227,458 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in Intel by 224.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 10,413,544 shares of the chip maker’s stock worth $244,302,000 after purchasing an additional 7,207,785 shares during the last quarter. Vanguard Group Inc. grew its stake in Intel by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker’s stock valued at $7,400,439,000 after purchasing an additional 6,143,164 shares during the period. Finally, State Street Corp increased its position in shares of Intel by 2.8% during the 3rd quarter. State Street Corp now owns 197,958,739 shares of the chip maker’s stock valued at $4,644,112,000 after purchasing an additional 5,417,753 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Stock Performance

Shares of INTC opened at $22.71 on Monday. Intel Co. has a 12-month low of $18.51 and a 12-month high of $45.41. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The company has a market cap of $98.33 billion, a PE ratio of -5.18 and a beta of 1.02. The stock has a 50-day moving average price of $22.33 and a 200-day moving average price of $22.16.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) 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, equities analysts forecast that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. HSBC upgraded shares of Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Rosenblatt Securities reiterated a “sell” rating and issued a $20.00 price objective on shares of Intel in a research note on Thursday, January 30th. JPMorgan Chase & Co. reduced their price objective on Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a report on Friday, January 31st. Finally, Citigroup lowered their target price on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Four analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $27.04.

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.