Intel Co. (NASDAQ:INTC) Shares Sold by First Financial Corp IN

First Financial Corp IN trimmed its position in shares of Intel Co. (NASDAQ:INTC) by 22.3% in the fourth quarter, HoldingsChannel reports. The firm owned 9,004 shares of the chip maker’s stock after selling 2,577 shares during the period. First Financial Corp IN’s holdings in Intel were worth $181,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. grew its stake in shares of Intel by 26.9% in the second quarter. American Century Companies Inc. now owns 1,925,120 shares of the chip maker’s stock worth $59,621,000 after purchasing an additional 408,512 shares in the last quarter. Thoroughbred Financial Services LLC grew its position in Intel by 16.0% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 18,112 shares of the chip maker’s stock valued at $560,000 after buying an additional 2,492 shares in the last quarter. Redwood Wealth Management Group LLC acquired a new position in Intel during the 2nd quarter valued at about $99,000. Fairfield Financial Advisors LTD bought a new stake in shares of Intel during the 2nd quarter worth about $35,000. Finally, Greenwich Wealth Management LLC lifted its stake in shares of Intel by 2.4% in the 2nd quarter. Greenwich Wealth Management LLC now owns 64,155 shares of the chip maker’s stock worth $1,987,000 after acquiring an additional 1,527 shares during the period. Institutional investors own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Rosenblatt Securities reissued a “sell” rating and set a $17.00 target price on shares of Intel in a report on Tuesday, October 29th. Benchmark reissued a “hold” rating on shares of Intel in a research note on Friday, November 1st. Stifel Nicolaus reaffirmed a “hold” rating and set a $25.00 target price (down previously from $28.00) on shares of Intel in a research note on Friday, October 25th. Mizuho dropped their price target on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, Northland Securities reduced their price objective on shares of Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Six investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Intel has an average rating of “Hold” and an average target price of $29.96.

Insiders Place Their Bets

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.04% of the company’s stock.

Intel Stock Performance

Shares of INTC opened at $19.20 on Tuesday. The company has a market capitalization of $82.81 billion, a PE ratio of -5.16 and a beta of 1.07. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. The company’s 50 day moving average price is $21.97 and its 200 day moving average price is $23.58. Intel Co. has a 52 week low of $18.51 and a 52 week high of $50.30.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.44). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The company had revenue of $13.30 billion for the quarter, compared to analysts’ expectations of $13.02 billion. During the same quarter in the prior year, the firm earned $0.28 earnings per share. The company’s revenue was down 6.3% on a year-over-year basis. Research analysts expect 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.