Intel Co. (NASDAQ:INTC) Position Reduced by NBT Bank N A NY

NBT Bank N A NY trimmed its stake in shares of Intel Co. (NASDAQ:INTC) by 6.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 79,592 shares of the chip maker’s stock after selling 5,671 shares during the quarter. NBT Bank N A NY’s holdings in Intel were worth $1,596,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Finley Financial LLC acquired a new stake in shares of Intel during the fourth quarter worth $25,000. Synergy Investment Management LLC acquired a new stake in shares of Intel during the fourth quarter worth $27,000. BankPlus Trust Department acquired a new stake in shares of Intel during the fourth quarter worth $28,000. Keystone Financial Group Inc. acquired a new stake in shares of Intel during the fourth quarter worth $29,000. Finally, Quest Partners LLC raised its holdings 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 worth $30,000 after purchasing an additional 1,253 shares during the period. 64.53% of the stock is currently owned by institutional investors.

Intel Trading Down 3.4 %

Shares of INTC opened at $19.93 on Tuesday. The business’s 50-day moving average price is $21.30 and its 200 day moving average price is $21.81. The stock has a market capitalization of $86.30 billion, a P/E ratio of -4.55 and a beta of 1.02. Intel Co. has a 1-year low of $18.51 and a 1-year high of $45.41. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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%. Analysts expect that Intel Co. will post -0.11 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Bank of America reaffirmed an “underperform” rating and issued a $21.00 price objective on shares of Intel in a report on Tuesday, December 3rd. Benchmark reaffirmed a “hold” rating on shares of Intel in a report on Friday, January 31st. Roth Mkm dropped 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, January 31st. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research report on Friday, January 31st. Finally, Cantor Fitzgerald increased their target price on shares of Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, February 18th. Five equities research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Intel currently has an average rating of “Hold” and a consensus target price of $26.88.

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.