City Holding Co. Sells 1,966 Shares of Intel Co. (NASDAQ:INTC)

City Holding Co. trimmed its holdings in shares of Intel Co. (NASDAQ:INTC) by 46.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,301 shares of the chip maker’s stock after selling 1,966 shares during the quarter. City Holding Co.’s holdings in Intel were worth $46,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Edgestream Partners L.P. raised its stake in Intel by 74.1% in the second quarter. Edgestream Partners L.P. now owns 12,043 shares of the chip maker’s stock valued at $373,000 after purchasing an additional 5,124 shares in the last quarter. XTX Topco Ltd boosted its position in shares of Intel by 173.6% during the 2nd quarter. XTX Topco Ltd now owns 17,959 shares of the chip maker’s stock worth $556,000 after acquiring an additional 11,394 shares in the last quarter. Pacer Advisors Inc. increased its stake in Intel by 2.7% in the second quarter. Pacer Advisors Inc. now owns 573,804 shares of the chip maker’s stock valued at $17,771,000 after acquiring an additional 14,844 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in Intel by 330.4% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 79,643 shares of the chip maker’s stock valued at $2,467,000 after purchasing an additional 61,139 shares in the last quarter. Finally, Frank Rimerman Advisors LLC boosted its holdings in shares of Intel by 1,761.3% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 22,075 shares of the chip maker’s stock valued at $684,000 after purchasing an additional 20,889 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insider Transactions at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the transaction, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at $7,104,708. The trade was a 8.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.04% of the stock is currently owned by insiders.

Analysts Set New Price Targets

INTC has been the subject of a number of research analyst reports. Mizuho lowered their price target on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Needham & Company LLC restated a “hold” rating on shares of Intel in a research note on Friday, November 1st. Stifel Nicolaus reiterated a “hold” rating and set a $25.00 price objective (down from $28.00) on shares of Intel in a research report on Friday, October 25th. Robert W. Baird boosted their target price on shares of Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Finally, Rosenblatt Securities reiterated a “sell” rating and issued a $17.00 price target on shares of Intel in a research note on Tuesday, October 29th. 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $29.88.

Intel Stock Up 9.3 %

Shares of NASDAQ:INTC opened at $21.49 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. Intel Co. has a 52-week low of $18.51 and a 52-week high of $50.30. The business’s 50 day simple moving average is $21.55 and its two-hundred day simple moving average is $23.27. The firm has a market cap of $92.69 billion, a P/E ratio of -5.78, a PEG ratio of 8.53 and a beta of 1.07.

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