Community Bank & Trust Waco Texas Reduces Stake in Intel Co. (NASDAQ:INTC)

Community Bank & Trust Waco Texas lessened its holdings in shares of Intel Co. (NASDAQ:INTC) by 35.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 53,022 shares of the chip maker’s stock after selling 29,406 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in Intel were worth $1,063,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Stonebridge Financial Group LLC purchased a new position in shares of Intel during the fourth quarter valued at approximately $99,000. Mill Creek Capital Advisors LLC boosted its position in shares of Intel by 6.5% during the fourth quarter. Mill Creek Capital Advisors LLC now owns 12,666 shares of the chip maker’s stock valued at $254,000 after buying an additional 774 shares during the period. Bristlecone Advisors LLC boosted its position in shares of Intel by 14.4% during the fourth quarter. Bristlecone Advisors LLC now owns 116,851 shares of the chip maker’s stock valued at $2,343,000 after buying an additional 14,699 shares during the period. Soltis Investment Advisors LLC boosted its position in shares of Intel by 5.3% during the fourth quarter. Soltis Investment Advisors LLC now owns 50,309 shares of the chip maker’s stock valued at $1,009,000 after buying an additional 2,518 shares during the period. Finally, Silicon Valley Capital Partners boosted its position in shares of Intel by 1,997.2% during the fourth quarter. Silicon Valley Capital Partners now owns 10,339 shares of the chip maker’s stock valued at $207,000 after buying an additional 9,846 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Stock Up 3.5 %

NASDAQ INTC opened at $19.77 on Tuesday. 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 moving average price is $20.31 and its 200 day moving average price is $21.86. Intel Co. has a 1 year low of $18.51 and a 1 year high of $46.63.

Intel (NASDAQ:INTC) last released its earnings results 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 anticipate that Intel Co. will post -0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

INTC has been the subject of several recent analyst reports. Citigroup dropped their target price on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Mizuho lowered their price target on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, January 10th. UBS Group lowered their price target on Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Roth Mkm lowered their price target on Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Finally, Truist Financial lowered their price target on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Five research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price 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.