Argent Trust Co Decreases Stock Holdings in Intel Co. (NASDAQ:INTC)

Argent Trust Co trimmed its stake in Intel Co. (NASDAQ:INTC - Free Report) by 16.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 83,864 shares of the chip maker's stock after selling 15,919 shares during the period. Argent Trust Co's holdings in Intel were worth $1,681,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in INTC. Relyea Zuckerberg Hanson LLC lifted its stake in Intel by 211.6% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker's stock worth $579,000 after purchasing an additional 19,625 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Intel by 4.4% in the 3rd quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker's stock valued at $113,244,000 after buying an additional 204,200 shares during the period. Empirical Asset Management LLC acquired a new position in Intel during the 4th quarter worth about $276,000. InvesTrust acquired a new position in Intel in the 4th quarter valued at about $3,696,000. Finally, Rheos Capital Works Inc. increased its stake in Intel by 12.1% during the fourth quarter. Rheos Capital Works Inc. now owns 277,000 shares of the chip maker's stock worth $5,554,000 after purchasing an additional 30,000 shares during the period. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on INTC shares. Mizuho lowered their price objective on shares of Intel from $23.00 to $21.00 and set a "neutral" rating for the company in a research note on Friday, January 10th. UBS Group dropped their price target on shares of Intel from $26.00 to $23.00 and set a "neutral" rating for the company in a research note on Tuesday, January 21st. Cantor Fitzgerald increased their price objective on Intel from $22.00 to $29.00 and gave the company a "neutral" rating in a research note on Tuesday, February 18th. Benchmark reissued a "hold" rating on shares of Intel in a research note on Friday, January 31st. Finally, Stifel Nicolaus cut their price target on Intel from $25.00 to $21.00 and set a "hold" rating on the stock in a report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $25.58.

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Intel Stock Performance

Intel stock traded down $0.14 during trading hours on Friday, reaching $19.74. 128,212,455 shares of the stock were exchanged, compared to its average volume of 77,904,435. Intel Co. has a 52-week low of $17.67 and a 52-week high of $37.16. The stock has a market cap of $86.08 billion, a P/E ratio of -4.51 and a beta of 1.13. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The firm's 50 day moving average is $22.37 and its 200 day moving average is $22.09.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. Analysts predict that Intel Co. will post -0.11 EPS 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.