CENTRAL TRUST Co Sells 64,868 Shares of Intel Co. (NASDAQ:INTC)

CENTRAL TRUST Co decreased its stake in shares of Intel Co. (NASDAQ:INTC - Free Report) by 39.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 98,183 shares of the chip maker's stock after selling 64,868 shares during the quarter. CENTRAL TRUST Co's holdings in Intel were worth $1,969,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in INTC. Dunhill Financial LLC boosted its position in shares of Intel by 22.6% in the third quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker's stock valued at $56,000 after acquiring an additional 438 shares during the period. MKT Advisors LLC boosted its position in shares of Intel by 4.8% in the third quarter. MKT Advisors LLC now owns 10,762 shares of the chip maker's stock valued at $241,000 after acquiring an additional 490 shares during the period. Beaton Management Co. Inc. boosted its position in shares of Intel by 2.2% in the third quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker's stock valued at $544,000 after acquiring an additional 500 shares during the period. Everpar Advisors LLC boosted its position in shares of Intel by 5.1% in the third quarter. Everpar Advisors LLC now owns 10,326 shares of the chip maker's stock valued at $242,000 after acquiring an additional 504 shares during the period. Finally, Missouri Trust & Investment Co boosted its position in shares of Intel by 3.6% in the fourth quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker's stock valued at $314,000 after acquiring an additional 550 shares during the period. Institutional investors own 64.53% of the company's stock.

Insider Activity at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the sale, the executive vice president now owns 273,258 shares in the company, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.04% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

INTC has been the subject of a number of analyst reports. HSBC upgraded shares of Intel from a "reduce" rating to a "hold" rating in a research report on Tuesday, January 21st. Hsbc Global Res upgraded shares of Intel from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, January 21st. JPMorgan Chase & Co. dropped their target price on shares of Intel from $26.00 to $23.00 and set an "underweight" rating for the company in a research report on Friday. Citigroup dropped their target price on shares of Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a research report on Tuesday, January 21st. Finally, Mizuho dropped their target price on shares of Intel from $23.00 to $21.00 and set a "neutral" rating for the company in a research report on Friday, January 10th. Five investment analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Intel currently has a consensus rating of "Hold" and an average target price of $26.60.

Intel Trading Down 0.5 %

NASDAQ:INTC traded down $0.09 during trading hours on Tuesday, hitting $19.29. The company had a trading volume of 53,716,660 shares, compared to its average volume of 72,534,953. The company has a market capitalization of $83.20 billion, a PE ratio of -4.40, a price-to-earnings-growth ratio of 9.49 and a beta of 1.08. The stock has a 50-day moving average price of $20.67 and a 200 day moving average price of $22.23. Intel Co. has a 52 week low of $18.51 and a 52 week high of $46.63. 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 (NASDAQ:INTC - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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 0.19 EPS for the current fiscal year.

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.