Hickory Point Bank & Trust Invests $394,000 in Intel Co. (NASDAQ:INTC)

Hickory Point Bank & Trust purchased a new position in shares of Intel Co. (NASDAQ:INTC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 19,665 shares of the chip maker's stock, valued at approximately $394,000.

A number of other institutional investors also recently made changes to their positions in the business. Dunhill Financial LLC increased its position in shares of Intel by 22.6% during the third quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker's stock worth $56,000 after acquiring an additional 438 shares during the period. Beaton Management Co. Inc. grew its stake in shares of Intel by 2.2% during the third quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker's stock worth $544,000 after purchasing an additional 500 shares in the last quarter. CFM Wealth Partners LLC raised its stake in Intel by 4.0% in the fourth quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker's stock valued at $263,000 after buying an additional 500 shares in the last quarter. Wealth Quarterback LLC lifted its holdings in Intel by 2.0% during the 4th quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker's stock worth $510,000 after buying an additional 508 shares during the last quarter. Finally, Missouri Trust & Investment Co boosted its position in shares of Intel by 3.6% during the 4th quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker's stock worth $314,000 after acquiring an additional 550 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Truist Financial dropped their price objective on Intel from $22.00 to $21.00 and set a "hold" rating on the stock in a report on Friday, January 31st. HSBC upgraded shares of Intel from a "reduce" rating to a "hold" rating in a research note on Tuesday, January 21st. Hsbc Global Res raised Intel from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, January 21st. Barclays reduced their price objective on Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a report on Friday, January 17th. Finally, Cantor Fitzgerald increased their price objective on shares of Intel from $22.00 to $29.00 and gave the company a "neutral" rating in a research note on Tuesday, February 18th. Five research 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $26.88.

Intel Stock Down 2.4 %

INTC stock traded down $0.52 during mid-day trading on Wednesday, hitting $20.81. 126,546,331 shares of the company were exchanged, compared to its average volume of 100,067,344. The company has a market capitalization of $90.11 billion, a PE ratio of -4.75 and a beta of 1.02. The firm has a fifty day simple moving average of $21.28 and a 200 day simple moving average of $21.82. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. Intel Co. has a twelve month low of $18.51 and a twelve month high of $46.63.

Intel (NASDAQ:INTC - Get Free Report) last released its earnings results 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 return on equity of 3.27% and a negative net margin of 35.32%. On average, research analysts forecast that Intel Co. will post -0.11 earnings per share for the current fiscal year.

About Intel

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.