Intrust Bank NA Has $204,000 Stock Position in Intel Co. (NASDAQ:INTC)

Intrust Bank NA cut its holdings in shares of Intel Co. (NASDAQ:INTC) by 31.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,164 shares of the chip maker’s stock after selling 4,636 shares during the period. Intrust Bank NA’s holdings in Intel were worth $204,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on INTC. Cantor Fitzgerald upped their price target on shares of Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, February 18th. JPMorgan Chase & Co. lowered their target price on Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a report on Friday, January 31st. Needham & Company LLC restated a “hold” rating on shares of Intel in a report on Friday, January 31st. Barclays dropped their price objective 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. Finally, Bank of America raised shares of Intel from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $19.00 to $25.00 in a report on Thursday, March 13th. 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. According to data from MarketBeat.com, Intel has an average rating of “Hold” and a consensus target price of $27.04.

Intel Stock Performance

Shares of INTC opened at $22.71 on Monday. The stock has a 50-day moving average of $22.33 and a 200-day moving average of $22.16. Intel Co. has a one year low of $18.51 and a one year high of $45.41. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The company has a market cap of $98.33 billion, a PE ratio of -5.18 and a beta of 1.02.

Intel (NASDAQ:INTC) last released its quarterly earnings data 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 net margin of 35.32% and a negative return on equity of 3.27%. On average, equities research analysts predict that Intel Co. will post -0.11 EPS for the current fiscal year.

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.