First National Bank & Trust Co. of Newtown Sells 2,488 Shares of Intel Co. (NASDAQ:INTC)

First National Bank & Trust Co. of Newtown trimmed its position in Intel Co. (NASDAQ:INTC) by 8.0% during the third quarter, Holdings Channel reports. The firm owned 28,767 shares of the chip maker’s stock after selling 2,488 shares during the quarter. First National Bank & Trust Co. of Newtown’s holdings in Intel were worth $675,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Guardian Capital Advisors LP lifted its position in shares of Intel by 2.1% in the first quarter. Guardian Capital Advisors LP now owns 16,030 shares of the chip maker’s stock valued at $708,000 after buying an additional 328 shares during the last quarter. Richard C. Young & CO. LTD. increased its holdings in shares of Intel by 0.9% in the first quarter. Richard C. Young & CO. LTD. now owns 37,489 shares of the chip maker’s stock valued at $1,656,000 after purchasing an additional 338 shares during the last quarter. Key Financial Inc raised its position in shares of Intel by 4.1% in the second quarter. Key Financial Inc now owns 8,685 shares of the chip maker’s stock valued at $269,000 after purchasing an additional 340 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co lifted its stake in shares of Intel by 1.4% during the 2nd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 24,779 shares of the chip maker’s stock worth $767,000 after buying an additional 348 shares during the last quarter. Finally, Cypress Asset Management Inc. TX boosted its holdings in shares of Intel by 1.6% during the 1st quarter. Cypress Asset Management Inc. TX now owns 22,835 shares of the chip maker’s stock worth $1,015,000 after buying an additional 350 shares during the period. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Stock Up 4.7 %

Shares of NASDAQ INTC opened at $26.23 on Friday. The company has a 50 day simple moving average of $22.01 and a 200 day simple moving average of $26.72. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. Intel Co. has a 1 year low of $18.51 and a 1 year high of $51.28. The firm has a market cap of $113.13 billion, a PE ratio of -7.05 and a beta of 1.03.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The business had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The company’s revenue was down 6.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.28 earnings per share. On average, research analysts forecast that Intel Co. will post -0.47 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on INTC. StockNews.com downgraded shares of Intel from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Bank of America downgraded Intel from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $35.00 to $23.00 in a research note on Friday, August 2nd. Truist Financial upped their price objective on Intel from $25.00 to $26.00 and gave the company a “hold” rating in a report on Friday, November 1st. Benchmark reissued a “hold” rating on shares of Intel in a report on Friday, November 1st. Finally, Susquehanna lowered their price target on shares of Intel from $35.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Six equities research 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 stock. Based on data from MarketBeat, Intel has a consensus rating of “Hold” and an average target price of $30.12.

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.