Whittier Trust Co. Has $1.43 Million Position in Intel Co. (NASDAQ:INTC)

Whittier Trust Co. cut its position in Intel Co. (NASDAQ:INTC) by 19.6% during the 4th quarter, HoldingsChannel reports. The firm owned 71,249 shares of the chip maker’s stock after selling 17,377 shares during the quarter. Whittier Trust Co.’s holdings in Intel were worth $1,428,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Quest Partners LLC lifted its holdings in Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after acquiring an additional 1,253 shares in the last quarter. Finley Financial LLC bought a new position in shares of Intel during the 4th quarter valued at about $25,000. Synergy Investment Management LLC acquired a new position in shares of Intel in the 4th quarter valued at approximately $27,000. BankPlus Trust Department bought a new stake in Intel during the 4th quarter worth approximately $28,000. Finally, Keystone Financial Group Inc. acquired a new stake in Intel during the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on INTC shares. Wells Fargo & Company lowered their price objective on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Rosenblatt Securities restated a “sell” rating and issued a $20.00 price target on shares of Intel in a report on Thursday, January 30th. Roth Mkm reduced their price objective on Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Mizuho dropped their target price on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Finally, Benchmark reaffirmed a “hold” rating on shares of Intel in a research report on Friday, January 31st. Four analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $27.04.

Intel Stock Up 1.3 %

Intel stock opened at $24.26 on Friday. Intel Co. has a twelve month low of $18.51 and a twelve month high of $45.41. The stock has a market cap of $105.05 billion, a P/E ratio of -5.54 and a beta of 1.02. The company’s 50-day moving average price is $21.95 and its two-hundred day moving average price is $21.98. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. As a group, analysts expect that Intel Co. will post -0.11 EPS 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.