1ST Source Bank Sells 3,745 Shares of Intel Co. (NASDAQ:INTC)

1ST Source Bank trimmed its position in shares of Intel Co. (NASDAQ:INTC) by 11.2% during the fourth quarter, HoldingsChannel reports. The firm owned 29,672 shares of the chip maker’s stock after selling 3,745 shares during the quarter. 1ST Source Bank’s holdings in Intel were worth $595,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Dunhill Financial LLC boosted its position in shares of Intel by 22.6% during the third quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock worth $56,000 after purchasing an additional 438 shares in the last quarter. CFM Wealth Partners LLC boosted its position in shares of Intel by 4.0% during the fourth quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker’s stock worth $263,000 after purchasing an additional 500 shares in the last quarter. Wealth Quarterback LLC boosted its position in shares of Intel by 2.0% during the fourth quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker’s stock worth $510,000 after purchasing an additional 508 shares in the last quarter. Missouri Trust & Investment Co boosted its position in shares of Intel by 3.6% during the fourth quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker’s stock worth $314,000 after purchasing an additional 550 shares in the last quarter. Finally, Riverview Trust Co boosted its position in shares of Intel by 2.0% during the fourth quarter. Riverview Trust Co now owns 28,567 shares of the chip maker’s stock worth $573,000 after purchasing an additional 565 shares in the last quarter. 64.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on INTC. Benchmark restated a “hold” rating on shares of Intel in a report on Friday, January 31st. Barclays dropped their price objective on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Stifel Nicolaus dropped their price objective 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. Roth Mkm dropped their price objective on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Finally, Bank of America upgraded shares of Intel from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $19.00 to $25.00 in a report on Thursday, March 13th. Four equities research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Intel presently has a consensus rating of “Hold” and a consensus target price of $27.04.

Intel Stock Performance

Shares of INTC stock opened at $25.69 on Tuesday. The company has a market capitalization of $111.24 billion, a price-to-earnings ratio of -5.87 and a beta of 1.02. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The company has a 50-day simple moving average of $21.56 and a 200 day simple moving average of $21.90. Intel Co. has a 52 week low of $18.51 and a 52 week high of $45.41.

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 net margin of 35.32% and a negative return on equity of 3.27%. On average, sell-side analysts predict that Intel Co. will post -0.11 earnings per share for the current year.

About Intel

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.