Private Trust Co. NA Has $421,000 Position in Intel Co. (NASDAQ:INTC)

Private Trust Co. NA reduced its holdings in shares of Intel Co. (NASDAQ:INTC) by 18.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,005 shares of the chip maker’s stock after selling 4,732 shares during the period. Private Trust Co. NA’s holdings in Intel were worth $421,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of INTC. Gladstone Institutional Advisory LLC grew its holdings in Intel by 29.5% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 58,181 shares of the chip maker’s stock worth $1,365,000 after acquiring an additional 13,270 shares during the period. Farther Finance Advisors LLC grew its stake in shares of Intel by 32.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 54,872 shares of the chip maker’s stock valued at $1,287,000 after buying an additional 13,496 shares during the period. Chicago Partners Investment Group LLC grew its stake in shares of Intel by 1.5% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 49,197 shares of the chip maker’s stock valued at $1,081,000 after buying an additional 721 shares during the period. Optas LLC grew its stake in shares of Intel by 83.2% in the 3rd quarter. Optas LLC now owns 23,859 shares of the chip maker’s stock valued at $560,000 after buying an additional 10,833 shares during the period. Finally, Private Wealth Partners LLC grew its stake in shares of Intel by 1.5% in the 3rd quarter. Private Wealth Partners LLC now owns 37,831 shares of the chip maker’s stock valued at $888,000 after buying an additional 561 shares during the period. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Trading Up 2.8 %

NASDAQ:INTC opened at $23.74 on Monday. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $102.80 billion, a PE ratio of -5.42 and a beta of 1.08. The firm’s 50 day moving average is $21.21 and its 200 day moving average is $21.81. Intel Co. has a 12 month low of $18.51 and a 12 month high of $46.63.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS 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%. Sell-side analysts expect that Intel Co. will post -0.11 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on INTC shares. Rosenblatt Securities restated a “sell” rating and issued a $20.00 target price on shares of Intel in a research note on Thursday, January 30th. Citigroup reduced their target price on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Benchmark restated a “hold” rating on shares of Intel in a research note on Friday, January 31st. JPMorgan Chase & Co. reduced their target price on Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a research note on Friday, January 31st. Finally, Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Five investment analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Intel has a consensus rating of “Hold” and an average target price of $26.88.

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.