Community Bank & Trust Waco Texas decreased its position in shares of Intel Co. (NASDAQ:INTC - Free Report) by 35.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 53,022 shares of the chip maker's stock after selling 29,406 shares during the period. Community Bank & Trust Waco Texas' holdings in Intel were worth $1,063,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Finley Financial LLC purchased a new stake in shares of Intel in the 4th quarter worth approximately $25,000. Keystone Financial Group Inc. purchased a new stake in shares of Intel in the 4th quarter worth approximately $29,000. Quest Partners LLC grew its stake in shares of Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock worth $30,000 after buying an additional 1,253 shares during the last quarter. West Financial Advisors LLC purchased a new stake in shares of Intel in the 4th quarter worth approximately $31,000. Finally, Groupama Asset Managment grew its stake in shares of Intel by 6.3% in the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker's stock worth $32,000 after buying an additional 8,084 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company's stock.
Shares of INTC stock opened at $19.77 on Tuesday. Intel Co. has a 52-week low of $18.51 and a 52-week high of $46.63. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The stock has a fifty day simple moving average of $20.31 and a two-hundred day simple moving average of $21.86.
Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) 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%. As a group, analysts forecast that Intel Co. will post -0.11 earnings per share for the current fiscal year.
Several equities analysts recently issued reports on INTC shares. JPMorgan Chase & Co. lowered their price objective on Intel from $26.00 to $23.00 and set an "underweight" rating on the stock in a research report on Friday, January 31st. Hsbc Global Res raised Intel from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, January 21st. The Goldman Sachs Group lowered their price target on Intel from $22.00 to $21.00 and set a "sell" rating on the stock in a report on Thursday, October 17th. HSBC raised Intel from a "reduce" rating to a "hold" rating in a report on Tuesday, January 21st. Finally, Roth Mkm lowered their price target on Intel from $25.00 to $20.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $26.60.
View Our Latest Stock Report on 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.
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