Whittier Trust Co. Lowers Position in Intel Co. (NASDAQ:INTC)

Whittier Trust Co. trimmed its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 19.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 71,249 shares of the chip maker's stock after selling 17,377 shares during the quarter. Whittier Trust Co.'s holdings in Intel were worth $1,428,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Dunhill Financial LLC grew its stake in shares of Intel by 22.6% in the third quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker's stock valued at $56,000 after acquiring an additional 438 shares in the last quarter. CFM Wealth Partners LLC raised its stake in Intel by 4.0% in the 4th quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker's stock worth $263,000 after purchasing an additional 500 shares in the last quarter. Wealth Quarterback LLC boosted its holdings in Intel by 2.0% in the 4th quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker's stock valued at $510,000 after purchasing an additional 508 shares during the period. Missouri Trust & Investment Co grew 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 purchasing an additional 550 shares in the last quarter. Finally, Riverview Trust Co increased its holdings in shares of Intel by 2.0% during the fourth quarter. Riverview Trust Co now owns 28,567 shares of the chip maker's stock worth $573,000 after purchasing an additional 565 shares during the period. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on INTC. Hsbc Global Res raised Intel from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, January 21st. Benchmark reissued a "hold" rating on shares of Intel in a report on Friday, January 31st. Roth Mkm decreased their price target on Intel from $25.00 to $20.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. HSBC raised shares of Intel from a "reduce" rating to a "hold" rating in a research report on Tuesday, January 21st. Finally, Bank of America raised shares of Intel from an "underperform" rating to a "neutral" rating and raised their target price for the company from $19.00 to $25.00 in a report on Thursday, March 13th. Four research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $27.04.

Intel Trading Down 0.1 %

NASDAQ:INTC traded down $0.02 during mid-day trading on Tuesday, hitting $24.20. 51,630,579 shares of the stock traded hands, compared to its average volume of 72,076,659. 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 stock has a market capitalization of $104.79 billion, a price-to-earnings ratio of -5.53 and a beta of 1.02. Intel Co. has a 52 week low of $18.51 and a 52 week high of $45.41. The firm's 50 day moving average is $22.05 and its two-hundred day moving average is $22.04.

Intel (NASDAQ:INTC - Get Free Report) last released its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing the consensus estimate 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, equities research analysts predict that Intel Co. will post -0.11 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.