Keybank National Association OH Cuts Stock Position in Intel Co. (NASDAQ:INTC)

Keybank National Association OH decreased its stake in shares of Intel Co. (NASDAQ:INTC) by 6.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,828,239 shares of the chip maker’s stock after selling 116,735 shares during the quarter. Keybank National Association OH’s holdings in Intel were worth $36,656,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Finley Financial LLC purchased a new position in shares of Intel in the fourth quarter worth $25,000. Synergy Investment Management LLC bought a new position in Intel during the 4th quarter valued at about $27,000. BankPlus Trust Department purchased a new stake in shares of Intel during the 4th quarter valued at about $28,000. Keystone Financial Group Inc. bought a new stake in shares of Intel in the fourth quarter worth approximately $29,000. Finally, Quest Partners LLC raised its holdings in shares of Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 1,253 shares during the last quarter. 64.53% of the stock is owned by institutional investors.

Intel Trading Down 6.2 %

INTC stock opened at $21.33 on Wednesday. The company has a market capitalization of $92.36 billion, a price-to-earnings ratio of -4.87 and a beta of 1.02. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. Intel Co. has a 1-year low of $18.51 and a 1-year high of $46.63. The business has a 50 day simple moving average of $21.28 and a two-hundred day simple moving average of $21.82.

Intel (NASDAQ:INTC) last posted its 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%. Research analysts anticipate that Intel Co. will post -0.11 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Mizuho reduced their price objective on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. HSBC raised Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Benchmark restated a “hold” rating on shares of Intel in a research note on Friday, January 31st. Finally, Citigroup lowered their price objective on shares of Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Five research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Intel presently has a consensus rating of “Hold” and a consensus price target of $26.88.

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.