Intel Co. (NASDAQ:INTC) Shares Sold by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. lessened its stake in shares of Intel Co. (NASDAQ:INTC) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,479 shares of the chip maker’s stock after selling 925 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in Intel were worth $812,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Quest Partners LLC grew its stake in shares of 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 acquiring an additional 1,253 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Intel during the 3rd quarter valued at approximately $3,682,000. Townsquare Capital LLC grew its stake in Intel by 2.7% during the 3rd quarter. Townsquare Capital LLC now owns 61,109 shares of the chip maker’s stock valued at $1,434,000 after purchasing an additional 1,633 shares in the last quarter. Blueshift Asset Management LLC increased its holdings in Intel by 118.2% during the 3rd quarter. Blueshift Asset Management LLC now owns 67,934 shares of the chip maker’s stock worth $1,594,000 after purchasing an additional 36,798 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Intel by 4.4% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,624,859 shares of the chip maker’s stock valued at $108,499,000 after buying an additional 193,110 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Bank of America raised shares of Intel from an “underperform” rating to a “neutral” rating and upped their price target for the company from $19.00 to $25.00 in a report on Thursday, March 13th. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research report on Friday, January 31st. HSBC upgraded Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Cantor Fitzgerald upped their price objective on Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, February 18th. Finally, UBS Group lowered their price target on Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Four analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Intel currently has a consensus rating of “Hold” and a consensus target price of $27.04.

Intel Stock Performance

Shares of NASDAQ INTC opened at $23.42 on Thursday. Intel Co. has a 1 year low of $18.51 and a 1 year high of $45.41. The firm has a market cap of $101.41 billion, a P/E ratio of -5.35 and a beta of 1.02. The stock has a fifty day moving average price of $22.22 and a two-hundred day moving average price of $22.09. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Research analysts forecast that Intel Co. will post -0.11 EPS 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.