Cullen Frost Bankers Inc. Sells 18,265 Shares of Intel Co. (NASDAQ:INTC)

Cullen Frost Bankers Inc. reduced its stake in Intel Co. (NASDAQ:INTC - Free Report) by 12.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 124,591 shares of the chip maker's stock after selling 18,265 shares during the period. Cullen Frost Bankers Inc.'s holdings in Intel were worth $2,498,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Finley Financial LLC acquired a new position in shares of Intel during the fourth quarter worth approximately $25,000. Synergy Investment Management LLC acquired a new stake in Intel in the fourth quarter worth approximately $27,000. BankPlus Trust Department acquired a new stake in Intel in the fourth quarter worth approximately $28,000. Keystone Financial Group Inc. acquired a new stake in Intel in the fourth quarter worth approximately $29,000. Finally, Quest Partners LLC lifted its position in Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock worth $30,000 after purchasing an additional 1,253 shares during the period. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on INTC. Cantor Fitzgerald upped their target price on Intel from $22.00 to $29.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 18th. Mizuho cut their target price on Intel from $23.00 to $21.00 and set a "neutral" rating for the company in a research report on Friday, January 10th. Truist Financial cut their target price on Intel from $22.00 to $21.00 and set a "hold" rating for the company in a research report on Friday, January 31st. Citigroup cut their target price on Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a research report on Tuesday, January 21st. Finally, Hsbc Global Res raised Intel from a "moderate sell" rating to a "hold" rating in a report on Tuesday, January 21st. Five research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $26.88.

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Intel Stock Down 0.5 %

Shares of Intel stock traded down $0.11 on Friday, hitting $20.64. 80,961,008 shares of the company traded hands, compared to its average volume of 99,575,508. The company has a 50-day moving average price of $21.30 and a 200 day moving average price of $21.81. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. Intel Co. has a 12-month low of $18.51 and a 12-month high of $46.63. The company has a market cap of $89.37 billion, a PE ratio of -4.71 and a beta of 1.02.

Intel (NASDAQ:INTC - Get Free Report) last issued 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%. Sell-side analysts predict that Intel Co. will post -0.11 earnings per share for the current 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.