Greenfield Savings Bank Sells 1,672 Shares of Intel Co. (NASDAQ:INTC)

Greenfield Savings Bank lowered its position in shares of Intel Co. (NASDAQ:INTC) by 6.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,798 shares of the chip maker’s stock after selling 1,672 shares during the quarter. Greenfield Savings Bank’s holdings in Intel were worth $477,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cyrus J. Lawrence LLC purchased a new position in shares of Intel during the 2nd quarter valued at $27,000. Quest Partners LLC lifted its holdings in Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 1,253 shares during the last quarter. Groupama Asset Managment increased its stake in shares of Intel by 6.3% in the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after purchasing an additional 8,084 shares in the last quarter. FSA Wealth Management LLC bought a new stake in shares of Intel in the third quarter valued at approximately $34,000. Finally, Fairfield Financial Advisors LTD purchased a new stake in shares of Intel during the 2nd quarter valued at approximately $35,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. The Goldman Sachs Group reduced their price target on shares of Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research report on Thursday, October 17th. Mizuho lowered their price objective on shares of Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Friday. Rosenblatt Securities reiterated a “sell” rating and issued a $17.00 price objective on shares of Intel in a research report on Tuesday, October 29th. Bank of America reissued an “underperform” rating and issued a $21.00 target price on shares of Intel in a research note on Tuesday, December 3rd. Finally, Stifel Nicolaus restated a “hold” rating and issued a $25.00 price objective (down from $28.00) on shares of Intel in a report on Friday, October 25th. Six research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $29.96.

Intel Stock Performance

INTC opened at $19.20 on Tuesday. Intel Co. has a 12-month low of $18.51 and a 12-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 has a market cap of $82.81 billion, a price-to-earnings ratio of -5.16 and a beta of 1.07. The company’s 50 day moving average is $21.97 and its 200 day moving average is $23.58.

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

Insider Buying and Selling

In related 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 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 trade represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.04% of the stock is owned by company insiders.

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.