Intel Co. (NASDAQ:INTC) Shares Sold by First Hawaiian Bank

First Hawaiian Bank lowered its stake in shares of Intel Co. (NASDAQ:INTC - Free Report) by 44.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,667 shares of the chip maker's stock after selling 19,349 shares during the period. First Hawaiian Bank's holdings in Intel were worth $560,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in INTC. Hantz Financial Services Inc. raised its position in Intel by 7.3% during the fourth quarter. Hantz Financial Services Inc. now owns 18,455 shares of the chip maker's stock worth $370,000 after acquiring an additional 1,253 shares during the last quarter. Mediolanum International Funds Ltd increased its stake in shares of Intel by 88.4% during the 4th quarter. Mediolanum International Funds Ltd now owns 82,544 shares of the chip maker's stock worth $1,632,000 after purchasing an additional 38,738 shares in the last quarter. GFS Advisors LLC increased its stake in shares of Intel by 34.4% during the 4th quarter. GFS Advisors LLC now owns 266,550 shares of the chip maker's stock worth $5,344,000 after purchasing an additional 68,200 shares in the last quarter. Chicago Partners Investment Group LLC lifted its stake in Intel by 3.3% in the 4th quarter. Chicago Partners Investment Group LLC now owns 50,827 shares of the chip maker's stock valued at $1,010,000 after buying an additional 1,630 shares in the last quarter. Finally, China Universal Asset Management Co. Ltd. lifted its stake in Intel by 29.4% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 70,190 shares of the chip maker's stock valued at $1,407,000 after buying an additional 15,952 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on INTC. Bank of America raised Intel from an "underperform" rating to a "neutral" rating and boosted their price target for the stock from $19.00 to $25.00 in a report on Thursday, March 13th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Intel in a research note on Wednesday, May 21st. They issued a "hold" rating and a $23.00 target price for the company. Sanford C. Bernstein reduced their target price on shares of Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd. Wells Fargo & Company lowered their price target on shares of Intel from $25.00 to $22.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. Finally, Benchmark reissued a "hold" rating on shares of Intel in a research report on Friday, April 25th. Six equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Intel presently has an average rating of "Hold" and a consensus target price of $21.57.

Intel Stock Down 0.2%

Shares of NASDAQ INTC traded down $0.04 during midday trading on Wednesday, reaching $20.25. 71,036,600 shares of the company's stock were exchanged, compared to its average volume of 81,582,169. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. Intel Co. has a 52-week low of $17.67 and a 52-week high of $37.16. The business's fifty day moving average price is $20.48 and its two-hundred day moving average price is $21.34. The stock has a market capitalization of $88.33 billion, a PE ratio of -4.62 and a beta of 1.15.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.12. The company had revenue of $12.67 billion for the quarter, compared to the consensus estimate of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Intel's revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.18 EPS. Analysts forecast that Intel Co. will post -0.11 EPS 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.