Oakworth Capital Inc. Decreases Stock Position in Intel Co. (NASDAQ:INTC)

Oakworth Capital Inc. lessened its position in Intel Co. (NASDAQ:INTC) by 42.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,262 shares of the chip maker’s stock after selling 7,592 shares during the quarter. Oakworth Capital Inc.’s holdings in Intel were worth $206,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in INTC. Czech National Bank lifted its position in shares of Intel by 7.2% in the third quarter. Czech National Bank now owns 869,233 shares of the chip maker’s stock valued at $20,392,000 after acquiring an additional 58,021 shares in the last quarter. Azzad Asset Management Inc. ADV increased its holdings in shares of Intel by 2.9% in the third quarter. Azzad Asset Management Inc. ADV now owns 35,489 shares of the chip maker’s stock valued at $833,000 after purchasing an additional 998 shares during the last quarter. Brookstone Capital Management increased its holdings in shares of Intel by 18.9% in the third quarter. Brookstone Capital Management now owns 52,075 shares of the chip maker’s stock valued at $1,222,000 after purchasing an additional 8,282 shares during the last quarter. Udine Wealth Management Inc. acquired a new stake in shares of Intel in the third quarter valued at approximately $2,174,000. Finally, Sovereign Financial Group Inc. increased its holdings in shares of Intel by 19.3% in the third quarter. Sovereign Financial Group Inc. now owns 14,196 shares of the chip maker’s stock valued at $333,000 after purchasing an additional 2,300 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on INTC shares. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $22.00 price target on shares of Intel in a report on Friday, January 31st. Rosenblatt Securities reaffirmed a “sell” rating and issued a $20.00 price target on shares of Intel in a report on Thursday, January 30th. Benchmark reaffirmed a “hold” rating on shares of Intel in a report on Friday, January 31st. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, Wells Fargo & Company cut their target price on Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Five analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $26.60.

Intel Price Performance

NASDAQ:INTC opened at $19.65 on Thursday. The stock has a fifty day moving average price of $20.58 and a 200 day moving average price of $22.14. Intel Co. has a 12-month low of $18.51 and a 12-month high of $46.63. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last released its earnings results 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%. Equities analysts expect that Intel Co. will post 0.19 earnings per share for the current fiscal 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.