Kentucky Trust Co Takes $482,000 Position in Intel Co. (NASDAQ:INTC)

Kentucky Trust Co acquired a new stake in shares of Intel Co. (NASDAQ:INTC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 24,025 shares of the chip maker's stock, valued at approximately $482,000.

Several other large investors also recently made changes to their positions in the business. State Street Corp boosted its holdings in shares of Intel by 2.8% in the third quarter. State Street Corp now owns 197,958,739 shares of the chip maker's stock worth $4,644,112,000 after buying an additional 5,417,753 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Intel by 4.6% in the third quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker's stock worth $2,162,891,000 after buying an additional 4,103,553 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Intel by 28.2% in the third 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 worth $1,371,692,000 after buying an additional 12,865,308 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Intel by 27.2% during the third 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 during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Intel by 7.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 31,690,418 shares of the chip maker's stock worth $743,457,000 after purchasing an additional 2,248,332 shares during the period. Institutional investors own 64.53% of the company's stock.

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Intel Stock Performance

INTC traded down $0.53 during trading on Friday, reaching $23.60. 229,644,185 shares of the company's stock were exchanged, compared to its average volume of 71,431,504. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $46.63. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The business has a 50 day moving average price of $20.33 and a 200 day moving average price of $21.68. The company has a market capitalization of $102.19 billion, a P/E ratio of -5.39 and a beta of 1.08.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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%. As a group, analysts predict that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Needham & Company LLC restated a "hold" rating on shares of Intel in a report on Friday, January 31st. Robert W. Baird raised their price target on shares of Intel from $20.00 to $25.00 and gave the stock a "neutral" rating in a report on Friday, November 1st. Northland Securities decreased their price target on shares of Intel from $42.00 to $28.00 and set an "outperform" rating for the company in a report on Friday, November 1st. HSBC upgraded shares of Intel from a "reduce" rating to a "hold" rating in a report on Tuesday, January 21st. Finally, Barclays decreased their price target on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a report on Friday, January 17th. 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 company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $26.60.

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.