Intel Co. (NASDAQ:INTC) Shares Bought by Sunflower Bank N.A.

Sunflower Bank N.A. grew its stake in shares of Intel Co. (NASDAQ:INTC) by 2.5% during the first quarter, HoldingsChannel reports. The firm owned 22,531 shares of the chip maker’s stock after buying an additional 542 shares during the period. Sunflower Bank N.A.’s holdings in Intel were worth $512,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of INTC. Synergy Investment Management LLC acquired a new position in shares of Intel in the fourth quarter worth about $27,000. Vermillion Wealth Management Inc. acquired a new position in shares of Intel in the fourth quarter worth about $27,000. BankPlus Trust Department acquired a new position in shares of Intel in the fourth quarter worth about $28,000. Keystone Financial Group Inc. acquired a new position in shares of Intel in the fourth quarter worth about $29,000. Finally, Conquis Financial LLC acquired a new position in shares of Intel in the fourth quarter worth about $32,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Up 0.4%

Shares of Intel stock opened at $20.06 on Friday. 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 business’s 50 day simple moving average is $20.39 and its 200-day simple moving average is $21.28. The stock has a market capitalization of $87.50 billion, a price-to-earnings ratio of -4.58 and a beta of 1.15. Intel Co. has a twelve month low of $17.67 and a twelve month high of $37.16.

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

Wall Street Analyst Weigh In

Several research firms recently commented on INTC. Citigroup reiterated a “sell” rating on shares of Intel in a research note on Friday, April 25th. Deutsche Bank Aktiengesellschaft began coverage on Intel in a research note on Wednesday, May 21st. They issued a “hold” rating and a $23.00 price target on the stock. Wall Street Zen upgraded Intel from a “sell” rating to a “hold” rating in a research note on Saturday, May 24th. Mizuho cut their price target on Intel from $23.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, April 25th. Finally, Cantor Fitzgerald lowered their price objective on Intel from $29.00 to $20.00 and set a “neutral” rating for the company in a report on Monday, April 21st. Six 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price 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.