Blue Trust Inc. Reduces Stock Holdings in Intel Co. (NASDAQ:INTC)

Blue Trust Inc. lowered its position in Intel Co. (NASDAQ:INTC) by 31.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 41,830 shares of the chip maker’s stock after selling 18,835 shares during the period. Blue Trust Inc.’s holdings in Intel were worth $839,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in INTC. Net Worth Advisory Group purchased a new stake in Intel during the 3rd quarter worth about $313,000. DMC Group LLC increased its position in Intel by 14.8% during the 3rd quarter. DMC Group LLC now owns 39,412 shares of the chip maker’s stock worth $925,000 after purchasing an additional 5,090 shares in the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI increased its position in Intel by 6.0% during the 3rd quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 433,573 shares of the chip maker’s stock worth $10,172,000 after purchasing an additional 24,423 shares in the last quarter. CNB Bank increased its position in Intel by 29.4% during the 3rd quarter. CNB Bank now owns 5,841 shares of the chip maker’s stock worth $137,000 after purchasing an additional 1,327 shares in the last quarter. Finally, Vest Financial LLC acquired a new stake in Intel in the 3rd quarter worth about $410,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Cantor Fitzgerald reissued a “neutral” rating and issued a $22.00 price target on shares of Intel in a research note on Friday, January 31st. Stifel Nicolaus decreased their price target on Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. UBS Group reduced their price objective on Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Finally, HSBC raised Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Five investment analysts have rated the stock with a sell rating, twenty-seven have assigned 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 $26.60.

Intel Price Performance

Shares of NASDAQ INTC opened at $23.60 on Monday. Intel Co. has a twelve month low of $18.51 and a twelve month high of $46.63. 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 capitalization of $102.19 billion, a price-to-earnings ratio of -5.39 and a beta of 1.08. The business has a 50 day simple moving average of $20.33 and a 200-day simple moving average of $21.62.

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