Hilltop National Bank Cuts Holdings in Intel Co. (NASDAQ:INTC)

Hilltop National Bank trimmed its holdings in shares of Intel Co. (NASDAQ:INTC) by 20.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,161 shares of the chip maker’s stock after selling 1,890 shares during the period. Hilltop National Bank’s holdings in Intel were worth $144,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of INTC. American Century Companies Inc. raised its stake in shares of Intel by 26.9% during the 2nd quarter. American Century Companies Inc. now owns 1,925,120 shares of the chip maker’s stock worth $59,621,000 after buying an additional 408,512 shares in the last quarter. Meeder Advisory Services Inc. increased its stake in Intel by 25.8% in the 2nd quarter. Meeder Advisory Services Inc. now owns 62,106 shares of the chip maker’s stock valued at $1,923,000 after purchasing an additional 12,743 shares in the last quarter. Prevail Innovative Wealth Advisors LLC purchased a new position in Intel in the 2nd quarter valued at approximately $2,831,000. Stoneridge Investment Partners LLC purchased a new position in Intel in the 2nd quarter valued at approximately $2,138,000. Finally, Thoroughbred Financial Services LLC increased its stake in Intel by 16.0% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 18,112 shares of the chip maker’s stock valued at $560,000 after purchasing an additional 2,492 shares in the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the sale, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.04% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on INTC. TD Cowen raised Intel to a “hold” rating in a research note on Monday, September 16th. The Goldman Sachs Group lowered their target price on Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a report on Thursday, October 17th. Bank of America reiterated an “underperform” rating and set a $21.00 target price on shares of Intel in a report on Tuesday, December 3rd. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a report on Friday, November 1st. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $25.00 target price (down previously from $28.00) on shares of Intel in a report on Friday, October 25th. Six analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $29.96.

Intel Trading Down 3.7 %

NASDAQ:INTC opened at $19.15 on Friday. The business’s 50-day moving average is $22.03 and its two-hundred day moving average is $23.75. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. Intel Co. has a 12 month low of $18.51 and a 12 month high of $50.30. The firm has a market capitalization of $82.59 billion, a PE ratio of -5.15 and a beta of 1.07.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.44). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The company had revenue of $13.30 billion during the quarter, compared to analysts’ expectations of $13.02 billion. During the same period last year, the business earned $0.28 earnings per share. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. Research analysts predict that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Intel Company 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.