CENTRAL TRUST Co Has $1.97 Million Stake in Intel Co. (NASDAQ:INTC)

CENTRAL TRUST Co lessened its position in Intel Co. (NASDAQ:INTC) by 39.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 98,183 shares of the chip maker’s stock after selling 64,868 shares during the quarter. CENTRAL TRUST Co’s holdings in Intel were worth $1,969,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Pacific Sage Partners LLC increased its stake in shares of Intel by 5.0% in the fourth quarter. Pacific Sage Partners LLC now owns 19,130 shares of the chip maker’s stock valued at $384,000 after buying an additional 903 shares during the period. U.S. Capital Wealth Advisors LLC raised its stake in shares of Intel by 8.1% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 109,440 shares of the chip maker’s stock valued at $2,194,000 after acquiring an additional 8,237 shares during the last quarter. SYM FINANCIAL Corp acquired a new position in shares of Intel during the fourth quarter worth $334,000. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Intel by 4.2% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 123,133 shares of the chip maker’s stock worth $2,469,000 after purchasing an additional 4,936 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. increased its holdings in Intel by 29.4% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 70,190 shares of the chip maker’s stock valued at $1,407,000 after purchasing an additional 15,952 shares during the period. 64.53% of the stock is currently owned by institutional investors.

Intel Trading Down 2.9 %

INTC stock opened at $19.43 on Monday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The stock’s fifty day simple moving average is $20.78 and its two-hundred day simple moving average is $22.43. Intel Co. has a 1-year low of $18.51 and a 1-year high of $46.63.

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%. On average, equities analysts expect that Intel Co. will post 0.19 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have commented on INTC. Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. UBS Group dropped their price objective on Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. HSBC raised Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Citigroup reduced their price target on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Finally, Bank of America reiterated an “underperform” rating and set a $21.00 price objective on shares of Intel in a report on Tuesday, December 3rd. Five equities research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Intel has a consensus rating of “Hold” and an average price target of $26.60.

Insider Transactions at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the transaction, the executive vice president now owns 273,258 shares in the company, valued at approximately $7,104,708. This represents a 8.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.04% of the stock is currently owned by company insiders.

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.