WASHINGTON TRUST Co Sells 2,416 Shares of Intel Co. (NASDAQ:INTC)

WASHINGTON TRUST Co trimmed its holdings in Intel Co. (NASDAQ:INTC) by 9.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 23,366 shares of the chip maker’s stock after selling 2,416 shares during the period. WASHINGTON TRUST Co’s holdings in Intel were worth $468,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of INTC. Finley Financial LLC bought a new stake in Intel in the 4th quarter worth about $25,000. Keystone Financial Group Inc. bought a new stake in Intel in the 4th quarter worth about $29,000. Quest Partners LLC increased its holdings in Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after buying an additional 1,253 shares in the last quarter. West Financial Advisors LLC purchased a new position in Intel in the fourth quarter worth about $31,000. Finally, Groupama Asset Managment boosted its position in Intel by 6.3% in the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after purchasing an additional 8,084 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on INTC shares. HSBC raised Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Stifel Nicolaus dropped their target price on Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. UBS Group dropped their target price on Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Mizuho lowered their price objective on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Finally, Rosenblatt Securities reaffirmed a “sell” rating and set a $20.00 price objective on shares of Intel in a research report on Thursday, January 30th. Five research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $26.60.

Intel Stock Performance

NASDAQ:INTC opened at $23.60 on Friday. 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 1 year low of $18.51 and a 1 year high of $46.63. The stock’s 50 day simple moving average is $20.33 and its two-hundred day simple moving average is $21.68. The company has a market cap of $102.19 billion, a price-to-earnings ratio of -5.39 and a beta of 1.08.

Intel (NASDAQ:INTC) last released its quarterly earnings data 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%. As a group, equities analysts anticipate that Intel Co. will post -0.11 earnings per share for the current fiscal year.

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.