Intel Co. (NASDAQ:INTC) Shares Sold by Adirondack Trust Co.

Adirondack Trust Co. decreased its holdings in shares of Intel Co. (NASDAQ:INTC - Free Report) by 31.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,725 shares of the chip maker's stock after selling 14,792 shares during the period. Adirondack Trust Co.'s holdings in Intel were worth $656,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in INTC. Finley Financial LLC bought a new stake in shares of Intel during the 4th quarter valued at $25,000. Quest Partners LLC raised its stake in Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock worth $30,000 after acquiring an additional 1,253 shares during the period. West Financial Advisors LLC bought a new position in shares of Intel in the fourth quarter worth approximately $31,000. Groupama Asset Managment increased its stake in shares of Intel by 6.3% in the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker's stock worth $32,000 after purchasing an additional 8,084 shares in the last quarter. Finally, Sawyer & Company Inc bought a new stake in shares of Intel during the 4th quarter valued at $32,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Stock Down 2.0 %

Shares of Intel stock traded down $0.45 during trading on Thursday, reaching $21.41. The company's stock had a trading volume of 35,579,626 shares, compared to its average volume of 65,510,109. The company has a 50-day simple moving average of $21.37 and a two-hundred day simple moving average of $23.12. Intel Co. has a 1-year low of $18.51 and a 1-year high of $50.30. The company has a market cap of $92.35 billion, a price-to-earnings ratio of -5.75, a P/E/G ratio of 9.59 and a beta of 1.07. 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 (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.44). The business had revenue of $13.30 billion for the quarter, compared to analysts' expectations of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. Intel's revenue was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.28 EPS. As a group, equities analysts forecast that Intel Co. will post -0.87 earnings per share for the current year.

Insider Buying and Selling 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 stock was 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.04% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on INTC. Barclays cut their price target on Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research note on Friday, January 17th. Deutsche Bank Aktiengesellschaft lowered their price target on Intel from $27.00 to $25.00 and set a "hold" rating on the stock in a report on Thursday, October 3rd. HSBC upgraded shares of Intel from a "reduce" rating to a "hold" rating in a research report on Tuesday. Bank of America restated an "underperform" rating and set a $21.00 price objective on shares of Intel in a research report on Tuesday, December 3rd. Finally, Northland Securities decreased their target price on Intel from $42.00 to $28.00 and set an "outperform" rating on the stock in a research report on Friday, November 1st. Five research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus 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.