City Holding Co. Reduces Stock Holdings in Intel Co. (NASDAQ:INTC)

City Holding Co. lessened its holdings in shares of Intel Co. (NASDAQ:INTC) by 46.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,301 shares of the chip maker’s stock after selling 1,966 shares during the quarter. City Holding Co.’s holdings in Intel were worth $46,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Cyrus J. Lawrence LLC purchased a new stake in Intel during the 2nd quarter worth about $27,000. Quest Partners LLC boosted its position in shares of Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after acquiring an additional 1,253 shares during the period. West Financial Advisors LLC purchased a new position in Intel during the fourth quarter valued at approximately $31,000. Groupama Asset Managment increased its holdings in Intel by 6.3% during the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after acquiring an additional 8,084 shares during the period. Finally, Sawyer & Company Inc purchased a new stake in Intel in the 4th quarter worth approximately $32,000. 64.53% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.04% of the company’s stock.

Intel Stock Performance

Shares of INTC stock opened at $21.49 on Tuesday. The firm has a market capitalization of $92.69 billion, a price-to-earnings ratio of -5.78, a PEG ratio of 8.53 and a beta of 1.07. The stock has a fifty day moving average of $21.55 and a 200 day moving average of $23.27. Intel Co. has a 52 week low of $18.51 and a 52 week high of $50.30. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $13.02 billion. During the same period in the previous year, the firm posted $0.28 EPS. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. As a group, research analysts expect that Intel Co. will post -0.87 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on INTC. Benchmark reaffirmed a “hold” rating on shares of Intel in a report on Friday, November 1st. Mizuho decreased their target price on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Robert W. Baird lifted their price target on Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Rosenblatt Securities restated a “sell” rating and issued a $17.00 price objective on shares of Intel in a research report on Tuesday, October 29th. Finally, The Goldman Sachs Group dropped their target price on shares of Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research report on Thursday, October 17th. Six investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $29.88.

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.