Intel Co. (NASDAQ:INTC) Shares Sold by Tompkins Financial Corp

Tompkins Financial Corp reduced its position in shares of Intel Co. (NASDAQ:INTC) by 16.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 15,536 shares of the chip maker’s stock after selling 3,021 shares during the period. Tompkins Financial Corp’s holdings in Intel were worth $311,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Cyrus J. Lawrence LLC acquired a new position in Intel in the 2nd quarter valued at $27,000. Quest Partners LLC grew its holdings in shares of Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after buying an additional 1,253 shares in the last quarter. West Financial Advisors LLC acquired a new stake in shares of Intel in the fourth quarter valued at about $31,000. Groupama Asset Managment lifted its stake in shares of Intel by 6.3% in the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after buying an additional 8,084 shares in the last quarter. Finally, Sawyer & Company Inc acquired a new position in Intel during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the sale, the executive vice president now owns 273,258 shares in the company, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.04% of the stock is owned by company insiders.

Intel Stock Performance

Shares of Intel stock opened at $19.69 on Friday. The business has a 50-day simple moving average of $21.78 and a 200-day simple moving average of $23.47. The company has a market cap of $84.90 billion, a PE ratio of -5.29, a P/E/G ratio of 8.53 and a beta of 1.07. Intel Co. has a one year low of $18.51 and a one year high of $50.30. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). The firm had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. Intel’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.28 earnings per share. On average, equities research analysts forecast that Intel Co. will post -0.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Rosenblatt Securities reiterated a “sell” rating and issued a $17.00 price objective on shares of Intel in a report on Tuesday, October 29th. The Goldman Sachs Group cut their price target on Intel from $22.00 to $21.00 and set a “sell” rating for the company in a report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft lowered their price objective on Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a research note on Thursday, October 3rd. Truist Financial raised their target price on Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Finally, Stifel Nicolaus reissued a “hold” rating and set a $25.00 price target (down previously from $28.00) on shares of Intel in a research report on Friday, October 25th. Six investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Intel currently has a consensus rating of “Hold” and an average target price of $29.88.

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.