SouthState Corp Has $228,000 Stock Holdings in Intel Co. (NASDAQ:INTC)

SouthState Corp lowered its position in shares of Intel Co. (NASDAQ:INTC) by 16.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 11,365 shares of the chip maker’s stock after selling 2,281 shares during the period. SouthState Corp’s holdings in Intel were worth $228,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of INTC. Dunhill Financial LLC raised its stake in Intel by 22.6% in the 3rd quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock worth $56,000 after purchasing an additional 438 shares in the last quarter. CFM Wealth Partners LLC raised its position in shares of Intel by 4.0% in the fourth quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker’s stock valued at $263,000 after buying an additional 500 shares in the last quarter. Wealth Quarterback LLC raised its position in shares of Intel by 2.0% in the fourth quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker’s stock valued at $510,000 after buying an additional 508 shares in the last quarter. Missouri Trust & Investment Co grew its position in Intel by 3.6% during the fourth quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker’s stock worth $314,000 after buying an additional 550 shares in the last quarter. Finally, Riverview Trust Co increased its stake in Intel by 2.0% during the 4th quarter. Riverview Trust Co now owns 28,567 shares of the chip maker’s stock worth $573,000 after acquiring an additional 565 shares during the period. Institutional investors own 64.53% of the company’s stock.

Intel Trading Up 6.8 %

Shares of INTC stock opened at $25.69 on Tuesday. The stock has a 50-day moving average of $21.56 and a 200-day moving average of $21.90. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The stock has a market cap of $111.24 billion, a price-to-earnings ratio of -5.87 and a beta of 1.02. Intel Co. has a 1-year low of $18.51 and a 1-year high of $45.41.

Intel (NASDAQ:INTC) last issued its quarterly earnings results 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 return on equity of 3.27% and a negative net margin of 35.32%. On average, equities research analysts forecast that Intel Co. will post -0.11 earnings per share for the current year.

Wall Street Analyst Weigh In

INTC has been the topic of several analyst reports. Bank of America raised Intel from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $19.00 to $25.00 in a report on Thursday, March 13th. Rosenblatt Securities reissued a “sell” rating and issued a $20.00 target price on shares of Intel in a report on Thursday, January 30th. Barclays cut their price target on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Cantor Fitzgerald lifted their price objective on shares of Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, February 18th. Finally, Benchmark reaffirmed a “hold” rating on shares of Intel in a report on Friday, January 31st. Four analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $27.04.

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.