Piscataqua Savings Bank Cuts Stake in Intel Co. (NASDAQ:INTC)

Piscataqua Savings Bank lessened its holdings in shares of Intel Co. (NASDAQ:INTC) by 26.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 7,005 shares of the chip maker’s stock after selling 2,567 shares during the quarter. Piscataqua Savings Bank’s holdings in Intel were worth $140,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in INTC. William B. Walkup & Associates Inc. acquired a new stake in shares of Intel during the second quarter worth $2,178,000. Geode Capital Management LLC increased its holdings in shares of Intel by 4.6% in the third quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock valued at $2,162,891,000 after purchasing an additional 4,103,553 shares during the period. Relyea Zuckerberg Hanson LLC raised its stake in shares of Intel by 211.6% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker’s stock worth $579,000 after purchasing an additional 19,625 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Intel by 4.4% during the third quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker’s stock worth $113,244,000 after purchasing an additional 204,200 shares during the period. Finally, Empirical Asset Management LLC acquired a new position in Intel in the 4th quarter worth approximately $276,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Stock Down 3.4 %

INTC stock opened at $20.83 on Monday. The firm has a market cap of $89.84 billion, a PE ratio of -5.60, a PEG ratio of 9.72 and a beta of 1.07. Intel Co. has a one year low of $18.51 and a one year high of $50.30. 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 firm’s 50 day moving average price is $21.23 and its 200-day moving average price is $22.85.

Intel (NASDAQ:INTC) last announced 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 business had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. During the same period last year, the company earned $0.28 EPS. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, equities research analysts anticipate that Intel Co. will post -0.87 EPS for the current year.

Analyst Ratings Changes

Several analysts have commented on the stock. The Goldman Sachs Group dropped their price objective on shares of Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a report on Thursday, October 17th. Barclays reduced their price target on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Rosenblatt Securities restated a “sell” rating and issued a $17.00 price target on shares of Intel in a research note on Tuesday, October 29th. Finally, Citigroup decreased their target price on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Five investment 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. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $27.88.

Insider Activity

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’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 in the company, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.