Intel Co. (NASDAQ:INTC) Shares Sold by Fiduciary Trust Co

Fiduciary Trust Co decreased its holdings in shares of Intel Co. (NASDAQ:INTC) by 1.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 73,424 shares of the chip maker’s stock after selling 1,405 shares during the period. Fiduciary Trust Co’s holdings in Intel were worth $1,472,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Finley Financial LLC acquired a new stake in Intel in the fourth quarter valued at $25,000. Synergy Investment Management LLC acquired a new stake in shares of Intel in the fourth quarter valued at about $27,000. BankPlus Trust Department purchased a new stake in Intel during the fourth quarter worth about $28,000. Keystone Financial Group Inc. purchased a new position in Intel in the fourth quarter valued at about $29,000. Finally, West Financial Advisors LLC acquired a new stake in shares of Intel during the 4th quarter valued at approximately $31,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on INTC. Mizuho dropped their price objective on Intel from $23.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday, April 25th. StockNews.com raised Intel from a “sell” rating to a “hold” rating in a research note on Monday, April 28th. Truist Financial lowered their price objective 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. Cfra Research upgraded shares of Intel to a “hold” rating in a research report on Friday, April 25th. Finally, Stifel Nicolaus lowered their price target on shares of Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Six equities research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $22.23.

Intel Stock Performance

NASDAQ INTC opened at $21.44 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. Intel Co. has a 1-year low of $17.67 and a 1-year high of $37.16. The firm has a market capitalization of $93.52 billion, a P/E ratio of -4.89 and a beta of 1.15. The business’s 50-day simple moving average is $21.24 and its 200-day simple moving average is $21.70.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.12. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The firm had revenue of $12.67 billion for the quarter, compared to analysts’ expectations of $12.26 billion. During the same period in the previous year, the company posted $0.18 earnings per share. Intel’s revenue was down .4% compared to the same quarter last year. Equities analysts predict 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.