Kentucky Trust Co Makes New Investment in Intel Co. (NASDAQ:INTC)

Kentucky Trust Co bought a new position in Intel Co. (NASDAQ:INTC) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 24,025 shares of the chip maker’s stock, valued at approximately $482,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Finley Financial LLC acquired a new stake in shares of Intel during the 4th quarter valued at $25,000. Keystone Financial Group Inc. acquired a new stake in shares of Intel during the 4th quarter valued at $29,000. Quest Partners LLC lifted its position 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 acquiring an additional 1,253 shares during the last quarter. West Financial Advisors LLC acquired a new stake in shares of Intel during the 4th quarter valued at $31,000. Finally, Groupama Asset Managment lifted its position in shares of Intel by 6.3% during the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock valued at $32,000 after acquiring an additional 8,084 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Stock Performance

NASDAQ:INTC opened at $20.97 on Wednesday. The company’s 50 day moving average is $20.23 and its 200-day moving average is $21.78. 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 12 month low of $18.51 and a 12 month high of $46.63.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. On average, equities research analysts predict that Intel Co. will post -0.11 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on INTC. Citigroup cut their price objective on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Cantor Fitzgerald restated a “neutral” rating and issued a $22.00 target price on shares of Intel in a report on Friday, January 31st. Northland Securities decreased their target price on Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research report on Friday, January 31st. Finally, Rosenblatt Securities restated a “sell” rating and set a $20.00 price objective on shares of Intel in a research report on Thursday, January 30th. Five analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Intel has an average rating of “Hold” and an average price target of $26.60.

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.