Sanibel Captiva Trust Company Inc. Has $4.24 Million Stock Position in Intel Co. (NASDAQ:INTC)

Sanibel Captiva Trust Company Inc. lessened its stake in shares of Intel Co. (NASDAQ:INTC - Free Report) by 24.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 211,468 shares of the chip maker's stock after selling 68,123 shares during the period. Sanibel Captiva Trust Company Inc.'s holdings in Intel were worth $4,240,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Cyrus J. Lawrence LLC bought a new stake in shares of Intel in the second quarter valued at approximately $27,000. Quest Partners LLC boosted its holdings in Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock valued at $30,000 after purchasing an additional 1,253 shares during the period. West Financial Advisors LLC acquired a new stake in Intel in the 4th quarter worth $31,000. Groupama Asset Managment raised its position in shares of Intel by 6.3% during the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker's stock valued at $32,000 after buying an additional 8,084 shares during the last quarter. Finally, Sawyer & Company Inc acquired a new position in shares of Intel during the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 64.53% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on INTC shares. Stifel Nicolaus reaffirmed a "hold" rating and issued a $25.00 price target (down previously from $28.00) on shares of Intel in a report on Friday, October 25th. The Goldman Sachs Group cut their target price on Intel from $22.00 to $21.00 and set a "sell" rating for the company in a research note on Thursday, October 17th. Truist Financial lifted their price target on shares of Intel from $25.00 to $26.00 and gave the stock a "hold" rating in a research note on Friday, November 1st. Robert W. Baird increased their price objective on shares of Intel from $20.00 to $25.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. Finally, Barclays decreased their target price on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Friday. Six investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Intel presently has a consensus rating of "Hold" and a consensus target price of $29.88.

Insider Transactions at Intel

In related 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 sale, the executive vice president now directly owns 273,258 shares in the company, valued at $7,104,708. This trade represents a 8.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.04% of the company's stock.

Intel Price Performance

Shares of NASDAQ:INTC traded up $1.82 during trading on Friday, reaching $21.49. 163,396,661 shares of the company traded hands, compared to its average volume of 50,908,592. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. Intel Co. has a 52 week low of $18.51 and a 52 week high of $50.30. The firm has a market capitalization of $92.69 billion, a PE ratio of -5.78, a PEG ratio of 8.53 and a beta of 1.07. The company's 50 day moving average is $21.55 and its two-hundred day moving average is $23.38.

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

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.