BankPlus Trust Department Takes Position in Intel Co. (NASDAQ:INTC)

BankPlus Trust Department bought a new position in Intel Co. (NASDAQ:INTC) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,404 shares of the chip maker’s stock, valued at approximately $28,000.

Other institutional investors have also bought and sold shares of the company. IFP Advisors Inc raised its stake in Intel by 221.4% during the 4th quarter. IFP Advisors Inc now owns 120,110 shares of the chip maker’s stock valued at $2,408,000 after purchasing an additional 82,739 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in Intel during the 4th quarter valued at approximately $45,000. World Equity Group Inc. bought a new stake in shares of Intel during the fourth quarter valued at approximately $244,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of Intel by 1.9% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 702,011 shares of the chip maker’s stock worth $14,075,000 after buying an additional 12,900 shares in the last quarter. Finally, Delta Financial Group Inc. bought a new position in shares of Intel during the fourth quarter worth $232,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on INTC shares. Barclays decreased their price target on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. HSBC upgraded Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Mizuho cut their price target on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Truist Financial decreased their price objective on Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Finally, Cantor Fitzgerald increased their target price on Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, February 18th. Five research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $26.88.

Intel Trading Down 5.3 %

INTC stock opened at $22.99 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The company has a market capitalization of $99.55 billion, a PE ratio of -5.25 and a beta of 1.08. The firm’s 50-day moving average is $20.96 and its 200 day moving average is $21.73. Intel Co. has a 12 month low of $18.51 and a 12 month high of $46.63.

Intel (NASDAQ:INTC) last issued 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%. On average, research analysts anticipate 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.