First National Bank & Trust Co. of Newtown Cuts Position in Intel Co. (NASDAQ:INTC)

First National Bank & Trust Co. of Newtown reduced its position in shares of Intel Co. (NASDAQ:INTC) by 10.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,817 shares of the chip maker’s stock after selling 2,950 shares during the period. First National Bank & Trust Co. of Newtown’s holdings in Intel were worth $517,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Foundations Investment Advisors LLC increased its stake in Intel by 5.4% during the 3rd quarter. Foundations Investment Advisors LLC now owns 31,071 shares of the chip maker’s stock worth $729,000 after buying an additional 1,589 shares during the period. Calton & Associates Inc. grew its stake in shares of Intel by 14.8% in the third quarter. Calton & Associates Inc. now owns 8,702 shares of the chip maker’s stock worth $204,000 after acquiring an additional 1,125 shares in the last quarter. Eastern Bank increased its position in shares of Intel by 231.6% during the third quarter. Eastern Bank now owns 66,949 shares of the chip maker’s stock worth $1,571,000 after acquiring an additional 46,760 shares during the period. Tempus Wealth Planning LLC raised its stake in shares of Intel by 289.0% in the third quarter. Tempus Wealth Planning LLC now owns 40,874 shares of the chip maker’s stock valued at $959,000 after acquiring an additional 30,366 shares in the last quarter. Finally, Weaver Capital Management LLC purchased a new position in Intel in the third quarter valued at $709,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on INTC shares. 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. Roth Mkm reduced their target price on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Cantor Fitzgerald increased their price objective on shares of Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday. Bank of America reissued an “underperform” rating and issued a $21.00 target price on shares of Intel in a report on Tuesday, December 3rd. Finally, Mizuho lowered their price objective on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Five equities research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $26.88.

Intel Trading Down 6.1 %

Shares of INTC opened at $25.72 on Thursday. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $46.63. The stock has a fifty day moving average of $20.53 and a two-hundred day moving average of $21.56. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The company has a market capitalization of $111.37 billion, a PE ratio of -5.87 and a beta of 1.08.

Intel (NASDAQ:INTC) last released its 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, analysts forecast that Intel Co. will post -0.11 EPS for the current 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.