Intel Co. (NASDAQ:INTC) Shares Sold by Colonial Trust Advisors

Colonial Trust Advisors lowered its stake in shares of Intel Co. (NASDAQ:INTC) by 23.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,177 shares of the chip maker’s stock after selling 674 shares during the period. Colonial Trust Advisors’ holdings in Intel were worth $44,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in INTC. Finley Financial LLC purchased a new position in shares of Intel during the fourth quarter worth $25,000. Synergy Investment Management LLC acquired a new position in Intel during the 4th quarter worth about $27,000. BankPlus Trust Department purchased a new position in Intel during the 4th quarter valued at about $28,000. Keystone Financial Group Inc. acquired a new position in Intel in the 4th quarter valued at about $29,000. Finally, West Financial Advisors LLC purchased a new stake in Intel during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Performance

Shares of Intel stock opened at $19.88 on Friday. The firm’s fifty day simple moving average is $22.36 and its 200-day simple moving average is $22.12. Intel Co. has a 12 month low of $17.67 and a 12 month high of $37.67. The stock has a market capitalization of $86.69 billion, a price-to-earnings ratio of -4.54 and a beta of 1.13. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. As a group, equities analysts forecast that Intel Co. will post -0.11 earnings per share for the current year.

Analysts Set New Price Targets

INTC has been the subject of a number of research reports. UBS Group dropped their price objective on shares of Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Roth Mkm dropped their price target on shares of Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Wells Fargo & Company reduced their price objective on Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Bank of America upgraded Intel from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $19.00 to $25.00 in a report on Thursday, March 13th. Finally, Rosenblatt Securities restated a “sell” rating and set a $20.00 price target on shares of Intel in a report on Thursday, January 30th. Four research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Intel has an average rating of “Hold” and a consensus target price of $25.58.

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.