Intel Co. (NASDAQ:INTC) Position Trimmed by NBT Bank N A NY

NBT Bank N A NY lessened its holdings in shares of Intel Co. (NASDAQ:INTC) by 6.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,592 shares of the chip maker’s stock after selling 5,671 shares during the quarter. NBT Bank N A NY’s holdings in Intel were worth $1,596,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Finley Financial LLC purchased a new position in Intel during the 4th quarter valued at about $25,000. Synergy Investment Management LLC acquired a new stake in shares of Intel during the 4th quarter valued at about $27,000. BankPlus Trust Department acquired a new stake in shares of Intel during the 4th quarter valued at about $28,000. Keystone Financial Group Inc. acquired a new stake in shares of Intel during the 4th quarter valued at about $29,000. Finally, Quest Partners LLC lifted its holdings in shares of Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after buying an additional 1,253 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on INTC shares. Cantor Fitzgerald lifted their price target on Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, February 18th. Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Citigroup reduced their target price on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. UBS Group reduced their target price on Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Finally, Truist Financial reduced their target price on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Five analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $26.88.

Intel Stock Performance

INTC opened at $19.93 on Tuesday. The stock has a market cap of $86.30 billion, a PE ratio of -4.55 and a beta of 1.02. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. Intel Co. has a 1 year low of $18.51 and a 1 year high of $45.41. The stock’s 50 day simple moving average is $21.30 and its 200-day simple moving average is $21.81.

Intel (NASDAQ:INTC) last released its quarterly earnings data 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 forecast that Intel Co. will post -0.11 EPS for the current year.

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.