Ledyard National Bank Has $440,000 Stock Holdings in Intel Co. (NASDAQ:INTC)

Ledyard National Bank cut its stake in shares of Intel Co. (NASDAQ:INTC) by 7.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,931 shares of the chip maker’s stock after selling 1,819 shares during the quarter. Ledyard National Bank’s holdings in Intel were worth $440,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Money Concepts Capital Corp boosted its holdings in Intel by 5.2% in the fourth quarter. Money Concepts Capital Corp now owns 44,636 shares of the chip maker’s stock worth $895,000 after acquiring an additional 2,212 shares in the last quarter. Lion Street Advisors LLC lifted its holdings in shares of Intel by 76.9% in the 4th quarter. Lion Street Advisors LLC now owns 15,261 shares of the chip maker’s stock worth $306,000 after purchasing an additional 6,634 shares in the last quarter. Jericho Financial LLP acquired a new position in Intel during the fourth quarter worth $2,045,000. Guidance Capital Inc. lifted its stake in shares of Intel by 37.5% in the fourth quarter. Guidance Capital Inc. now owns 29,354 shares of the chip maker’s stock valued at $611,000 after buying an additional 8,010 shares in the last quarter. Finally, RFG Holdings Inc. increased its position in shares of Intel by 56.3% during the fourth quarter. RFG Holdings Inc. now owns 29,795 shares of the chip maker’s stock worth $598,000 after acquiring an additional 10,737 shares in the last quarter. 64.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

INTC has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price target on shares of Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a research report on Friday, January 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research report on Friday, January 31st. Citigroup lowered their price target on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Wells Fargo & Company cut their price objective on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Finally, Robert W. Baird upped 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. Five equities research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Intel presently has an average rating of “Hold” and an average target price of $26.60.

Intel Price Performance

Shares of NASDAQ:INTC opened at $19.10 on Friday. Intel Co. has a 12 month low of $18.51 and a 12 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 stock has a market cap of $82.38 billion, a P/E ratio of -4.36, a P/E/G ratio of 9.49 and a beta of 1.08. The company has a 50 day moving average of $20.41 and a 200 day moving average of $22.10.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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%. As a group, sell-side analysts forecast that Intel Co. will post 0.19 EPS for the current fiscal year.

About Intel

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.