Intel Co. (NASDAQ:INTC) Shares Purchased by Sunflower Bank N.A.

Sunflower Bank N.A. increased its position in shares of Intel Co. (NASDAQ:INTC) by 7.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,989 shares of the chip maker’s stock after purchasing an additional 1,447 shares during the period. Sunflower Bank N.A.’s holdings in Intel were worth $441,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Cyrus J. Lawrence LLC acquired a new stake in shares of Intel during the 2nd quarter worth about $27,000. Fairfield Financial Advisors LTD acquired a new stake in shares of Intel during the second quarter valued at about $35,000. Quest Partners LLC raised its stake in shares of Intel by 7,370.6% in the 3rd 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. FSA Wealth Management LLC acquired a new position in shares of Intel in the 3rd quarter worth approximately $34,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of Intel during the 3rd quarter worth approximately $36,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Stock Performance

Shares of INTC traded up $0.05 during midday trading on Monday, reaching $19.20. 50,253,859 shares of the stock were exchanged, compared to its average volume of 58,533,117. Intel Co. has a twelve month low of $18.51 and a twelve month high of $50.30. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The company has a market capitalization of $82.81 billion, a price-to-earnings ratio of -5.16 and a beta of 1.07. The business’s 50-day moving average price is $22.03 and its 200 day moving average price is $23.66.

Intel (NASDAQ:INTC) last released 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). The firm had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The company’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period last year, the firm earned $0.28 EPS. On average, sell-side analysts expect that Intel Co. will post -0.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Bank of America reissued an “underperform” rating and issued a $21.00 target price on shares of Intel in a research report on Tuesday, December 3rd. Robert W. Baird increased their target price on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Benchmark restated a “hold” rating on shares of Intel in a report on Friday, November 1st. Northland Securities cut their price target on shares of Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Intel from $27.00 to $25.00 and set a “hold” rating for the company in a research note on Thursday, October 3rd. 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $29.96.

Insider Buying and Selling

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. This trade 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 the SEC website. 0.04% of the stock is 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.