Trustco Bank Corp N Y Has $725,000 Stock Holdings in Intel Co. (NASDAQ:INTC)

Trustco Bank Corp N Y lessened its position in Intel Co. (NASDAQ:INTC) by 2.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,184 shares of the chip maker’s stock after selling 1,050 shares during the quarter. Trustco Bank Corp N Y’s holdings in Intel were worth $725,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Finley Financial LLC acquired a new stake in Intel in the 4th quarter valued at approximately $25,000. Synergy Investment Management LLC acquired a new stake in Intel in the 4th quarter valued at approximately $27,000. BankPlus Trust Department acquired a new stake in Intel in the 4th quarter valued at approximately $28,000. Keystone Financial Group Inc. acquired a new stake in Intel in the 4th quarter valued at approximately $29,000. Finally, Conquis Financial LLC acquired a new stake in Intel in the 4th quarter valued at approximately $32,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Up 0.5%

INTC opened at $21.66 on Monday. Intel Co. has a fifty-two week low of $17.67 and a fifty-two week high of $37.16. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The company has a market capitalization of $94.48 billion, a P/E ratio of -4.95 and a beta of 1.15. The stock has a fifty day moving average of $21.40 and a 200-day moving average of $21.68.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.12. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The company had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. During the same quarter last year, the firm earned $0.18 earnings per share. The company’s revenue was down .4% on a year-over-year basis. On average, equities analysts expect that Intel Co. will post -0.11 EPS for the current year.

Wall Street Analyst Weigh In

INTC has been the subject of a number of analyst reports. Rosenblatt Securities decreased their price target on Intel from $18.00 to $14.00 and set a “sell” rating for the company in a research note on Friday, April 25th. Cfra Research upgraded Intel to a “hold” rating in a research note on Friday, April 25th. Sanford C. Bernstein decreased their price target on Intel from $25.00 to $21.00 and set a “market perform” rating for the company in a research note on Tuesday, April 22nd. Barclays restated a “reduce” rating on shares of Intel in a research note on Tuesday, April 22nd. Finally, Bank of America upgraded Intel from an “underperform” rating to a “neutral” rating and raised their price target for the company from $19.00 to $25.00 in a research note on Thursday, March 13th. Six equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $21.67.

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.