Wilmington Savings Fund Society FSB Sells 48,008 Shares of Intel Co. (NASDAQ:INTC)

Wilmington Savings Fund Society FSB decreased its holdings in shares of Intel Co. (NASDAQ:INTC) by 31.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 105,736 shares of the chip maker’s stock after selling 48,008 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Intel were worth $2,120,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Dunhill Financial LLC lifted its position in Intel by 22.6% during the third quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock valued at $56,000 after purchasing an additional 438 shares in the last quarter. Beaton Management Co. Inc. raised its stake in shares of Intel by 2.2% in the third quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock worth $544,000 after buying an additional 500 shares during the period. CFM Wealth Partners LLC lifted its position in shares of Intel by 4.0% during the 4th quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker’s stock valued at $263,000 after buying an additional 500 shares in the last quarter. Missouri Trust & Investment Co grew its stake in shares of Intel by 3.6% during the 4th quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker’s stock valued at $314,000 after acquiring an additional 550 shares during the period. Finally, First Financial Bankshares Inc increased its holdings in Intel by 2.7% in the 3rd quarter. First Financial Bankshares Inc now owns 20,891 shares of the chip maker’s stock worth $490,000 after acquiring an additional 557 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Stock Performance

Shares of Intel stock opened at $19.10 on Monday. The stock’s fifty day moving average is $20.31 and its two-hundred day moving average is $21.93. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $82.70 billion, a PE ratio of -4.36 and a beta of 1.08. Intel Co. has a 52 week low of $18.51 and a 52 week high of $46.63.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate 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, analysts expect that Intel Co. will post -0.11 earnings per share for the current year.

Analyst Ratings Changes

INTC has been the topic of several analyst reports. JPMorgan Chase & Co. lowered their price target on shares of Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Barclays decreased their price target on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Mizuho dropped their price objective on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Finally, Northland Securities decreased their target price on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Five research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $26.60.

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.