UMB Bank n.a. Sells 33,673 Shares of Intel Co. (NASDAQ:INTC)

UMB Bank n.a. lessened its stake in shares of Intel Co. (NASDAQ:INTC - Free Report) by 36.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,490 shares of the chip maker's stock after selling 33,673 shares during the quarter. UMB Bank n.a.'s holdings in Intel were worth $1,173,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in INTC. State Street Corp grew its stake in Intel by 2.8% in the third quarter. State Street Corp now owns 197,958,739 shares of the chip maker's stock valued at $4,644,112,000 after acquiring an additional 5,417,753 shares during the period. Geode Capital Management LLC lifted its position in Intel by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker's stock valued at $2,162,891,000 after acquiring an additional 4,103,553 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Intel by 28.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 58,469,412 shares of the chip maker's stock valued at $1,371,692,000 after purchasing an additional 12,865,308 shares during the last quarter. Van ECK Associates Corp increased its holdings in Intel by 27.2% during the 3rd quarter. Van ECK Associates Corp now owns 44,013,936 shares of the chip maker's stock worth $967,426,000 after purchasing an additional 9,422,136 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Intel by 1.3% in the second quarter. Legal & General Group Plc now owns 37,513,226 shares of the chip maker's stock worth $1,161,779,000 after purchasing an additional 487,191 shares during the last quarter. 64.53% of the stock is owned by institutional investors.

Intel Stock Performance

Shares of NASDAQ:INTC opened at $21.77 on Wednesday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. The company's fifty day moving average is $21.48 and its 200 day moving average is $23.20. Intel Co. has a 52 week low of $18.51 and a 52 week high of $50.30.

Intel (NASDAQ:INTC - Get Free Report) last posted its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The business had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The firm's revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.28 earnings per share. As a group, equities research analysts predict that Intel Co. will post -0.87 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 273,258 shares in the company, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.04% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on INTC. Benchmark reiterated a "hold" rating on shares of Intel in a report on Friday, November 1st. Robert W. Baird lifted their price objective on shares of Intel from $20.00 to $25.00 and gave the stock a "neutral" rating in a report on Friday, November 1st. Stifel Nicolaus reiterated a "hold" rating and issued a $25.00 target price (down previously from $28.00) on shares of Intel in a report on Friday, October 25th. HSBC upgraded shares of Intel from a "reduce" rating to a "hold" rating in a report on Tuesday. Finally, Needham & Company LLC reissued a "hold" rating on shares of Intel in a research report on Friday, November 1st. Five investment analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $28.81.

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.