Intel Co. (NASDAQ:INTC) Shares Sold by Farmers Trust Co.

Farmers Trust Co. lessened its stake in Intel Co. (NASDAQ:INTC) by 12.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,341 shares of the chip maker’s stock after selling 2,993 shares during the quarter. Farmers Trust Co.’s holdings in Intel were worth $485,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Moody National Bank Trust Division lifted its holdings in shares of Intel by 32.2% in the 1st quarter. Moody National Bank Trust Division now owns 16,152 shares of the chip maker’s stock valued at $367,000 after buying an additional 3,937 shares during the period. Cadinha & Co. LLC acquired a new position in shares of Intel in the 1st quarter valued at about $234,000. Versant Capital Management Inc lifted its holdings in shares of Intel by 19.9% in the 1st quarter. Versant Capital Management Inc now owns 6,693 shares of the chip maker’s stock valued at $152,000 after buying an additional 1,110 shares during the period. Park National Corp OH lifted its holdings in shares of Intel by 4.0% in the 1st quarter. Park National Corp OH now owns 73,953 shares of the chip maker’s stock valued at $1,679,000 after buying an additional 2,862 shares during the period. Finally, Kera Capital Partners Inc. acquired a new position in shares of Intel in the 1st quarter valued at about $5,960,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Price Performance

NASDAQ:INTC opened at $20.25 on Friday. Intel Co. has a 12 month low of $17.67 and a 12 month high of $37.16. The stock has a 50 day moving average of $20.77 and a two-hundred day moving average of $21.47. 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 firm has a market cap of $88.33 billion, a P/E ratio of -4.62 and a beta of 1.15.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.12. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The business had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. During the same period in the prior year, the business earned $0.18 earnings per share. The business’s revenue was down .4% compared to the same quarter last year. On average, analysts expect that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on INTC. Susquehanna reduced their price target on Intel from $24.00 to $22.00 and set a “neutral” rating for the company in a report on Wednesday, April 16th. Morgan Stanley reduced their price target on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, April 25th. Truist Financial reduced their price target on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a report on Friday, April 25th. Finally, Rosenblatt Securities reduced their price target on Intel from $18.00 to $14.00 and set a “sell” rating for the company in a report on Friday, April 25th. Six investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $21.57.

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.