Glenview Trust co Cuts Stock Holdings in Intel Co. (NASDAQ:INTC)

Glenview Trust co cut its stake in shares of Intel Co. (NASDAQ:INTC) by 69.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 113,035 shares of the chip maker’s stock after selling 256,638 shares during the period. Glenview Trust co’s holdings in Intel were worth $2,266,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of INTC. one8zero8 LLC purchased a new stake in Intel in the 4th quarter valued at about $237,000. Natixis Advisors LLC boosted its position in Intel by 81.9% in the fourth quarter. Natixis Advisors LLC now owns 580,122 shares of the chip maker’s stock worth $11,631,000 after purchasing an additional 261,264 shares during the last quarter. Northwest Wealth Management LLC bought a new position in Intel in the 4th quarter valued at $308,000. LBP AM SA increased its position in shares of Intel by 2,314.1% during the 4th quarter. LBP AM SA now owns 627,673 shares of the chip maker’s stock valued at $12,585,000 after purchasing an additional 601,673 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its stake in shares of Intel by 84.9% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 1,601,486 shares of the chip maker’s stock worth $31,717,000 after purchasing an additional 735,256 shares during the period. 64.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on INTC. Wells Fargo & Company decreased their price objective on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Stifel Nicolaus lowered their price target on shares of Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Rosenblatt Securities reissued a “sell” rating and set a $20.00 price objective on shares of Intel in a report on Thursday, January 30th. JPMorgan Chase & Co. lowered their target price on Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a research note on Friday, January 31st. Finally, Truist Financial cut their price target on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $27.04.

Intel Trading Up 1.5 %

Shares of INTC opened at $24.05 on Monday. 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 $45.41. The company has a market capitalization of $104.14 billion, a P/E ratio of -5.49 and a beta of 1.02. The firm’s 50 day simple moving average is $21.45 and its 200 day simple moving average is $21.87.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (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 forecast that Intel Co. will post -0.11 earnings per share for the current fiscal year.

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.