Smithfield Trust Co Cuts Stock Position in Intel Co. (NASDAQ:INTC)

Smithfield Trust Co lessened its holdings in Intel Co. (NASDAQ:INTC) by 15.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,309 shares of the chip maker’s stock after selling 5,346 shares during the period. Smithfield Trust Co’s holdings in Intel were worth $567,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Quest Partners LLC raised its stake in shares of Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after acquiring an additional 1,253 shares during the period. Finley Financial LLC purchased a new position in shares of Intel in the 4th quarter valued at $25,000. Synergy Investment Management LLC purchased a new stake in Intel during the 4th quarter worth $27,000. BankPlus Trust Department purchased a new stake in Intel during the 4th quarter worth $28,000. Finally, Keystone Financial Group Inc. purchased a new stake in Intel during the 4th quarter worth $29,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Trading Down 2.4 %

Intel stock opened at $20.81 on Thursday. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The firm has a 50-day moving average price of $21.28 and a two-hundred day moving average price of $21.82. The firm has a market capitalization of $90.11 billion, a price-to-earnings ratio of -4.75 and a beta of 1.02. Intel Co. has a 52-week low of $18.51 and a 52-week high of $46.63.

Intel (NASDAQ:INTC) last posted 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%. Sell-side analysts expect that Intel Co. will post -0.11 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on INTC shares. Rosenblatt Securities reaffirmed a “sell” rating and set a $20.00 price target on shares of Intel in a research note on Thursday, January 30th. UBS Group dropped their price target on shares of Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Truist Financial dropped their price target on shares of Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Roth Mkm dropped their price target on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Finally, Wells Fargo & Company dropped their price target on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Five investment analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $26.88.

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.