CENTRAL TRUST Co Has $1.97 Million Stake in Intel Co. (NASDAQ:INTC)

CENTRAL TRUST Co reduced its stake in shares of Intel Co. (NASDAQ:INTC) by 39.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 98,183 shares of the chip maker’s stock after selling 64,868 shares during the quarter. CENTRAL TRUST Co’s holdings in Intel were worth $1,969,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Czech National Bank increased its holdings in shares of Intel by 7.2% in the third quarter. Czech National Bank now owns 869,233 shares of the chip maker’s stock worth $20,392,000 after acquiring an additional 58,021 shares in the last quarter. HBW Advisory Services LLC grew its position in shares of Intel by 8.6% in the 3rd quarter. HBW Advisory Services LLC now owns 8,909 shares of the chip maker’s stock valued at $209,000 after purchasing an additional 704 shares during the period. Handelsbanken Fonder AB increased its stake in Intel by 0.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 1,573,894 shares of the chip maker’s stock worth $36,924,000 after purchasing an additional 8,434 shares in the last quarter. Melone Private Wealth LLC acquired a new stake in Intel during the 3rd quarter worth approximately $242,000. Finally, Azzad Asset Management Inc. ADV lifted its stake in Intel by 2.9% in the third quarter. Azzad Asset Management Inc. ADV now owns 35,489 shares of the chip maker’s stock valued at $833,000 after buying an additional 998 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on INTC shares. Mizuho dropped their price objective on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Citigroup cut their price target on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Cantor Fitzgerald reiterated a “neutral” rating and set a $22.00 price objective on shares of Intel in a report on Friday. The Goldman Sachs Group cut their target price on Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a research note on Thursday, October 17th. Finally, Roth Mkm lowered their price objective on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday. Five equities research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $26.60.

Intel Stock Down 2.9 %

Shares of NASDAQ INTC opened at $19.43 on Monday. Intel Co. has a one year low of $18.51 and a one year high of $46.63. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The stock’s fifty day moving average price is $20.78 and its two-hundred day moving average price is $22.43.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. On average, sell-side analysts anticipate that Intel Co. will post 0.19 earnings per share for the current year.

Insider Buying and Selling at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the sale, the executive vice president now owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.04% of the company’s stock.

Intel 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.