Trust Co. of Vermont Trims Stock Holdings in Intel Co. (NASDAQ:INTC)

Trust Co. of Vermont lowered its holdings in shares of Intel Co. (NASDAQ:INTC) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,459 shares of the chip maker’s stock after selling 1,574 shares during the quarter. Trust Co. of Vermont’s holdings in Intel were worth $992,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. William B. Walkup & Associates Inc. purchased a new position in shares of Intel during the second quarter worth approximately $2,178,000. Geode Capital Management LLC increased its holdings in Intel by 4.6% during the 3rd quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock worth $2,162,891,000 after purchasing an additional 4,103,553 shares during the period. Principal Financial Group Inc. raised its position in Intel by 4.4% during the 3rd quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker’s stock valued at $113,244,000 after purchasing an additional 204,200 shares in the last quarter. Relyea Zuckerberg Hanson LLC grew its position in shares of Intel by 211.6% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker’s stock worth $579,000 after buying an additional 19,625 shares in the last quarter. Finally, Swiss National Bank increased its stake in shares of Intel by 0.3% during the third quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker’s stock valued at $296,426,000 after buying an additional 31,800 shares during the period. Institutional investors own 64.53% of the company’s stock.

Insider Buying and Selling at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of the transaction, the executive vice president now owns 273,258 shares of the company’s stock, valued at $7,104,708. The trade was a 8.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.04% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on INTC shares. Barclays dropped their target price on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday. Robert W. Baird increased their price objective on shares of Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Benchmark restated a “hold” rating on shares of Intel in a report on Friday, November 1st. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a report on Friday, November 1st. Finally, Northland Securities decreased their price objective on Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Six analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $29.88.

Intel Trading Up 9.3 %

Shares of NASDAQ:INTC opened at $21.49 on Friday. The business has a 50-day moving average price of $21.55 and a 200-day moving average price of $23.32. The stock has a market cap of $92.69 billion, a price-to-earnings ratio of -5.78, a PEG ratio of 8.53 and a beta of 1.07. Intel Co. has a 52-week low of $18.51 and a 52-week high of $50.30. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The business had revenue of $13.30 billion for 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%. The business’s revenue was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.28 earnings per share. Equities analysts predict that Intel Co. will post -0.87 EPS for the current year.

Intel Company 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.