Fulton Bank N.A. Sells 16,722 Shares of Intel Co. (NASDAQ:INTC)

Fulton Bank N.A. lessened its position in shares of Intel Co. (NASDAQ:INTC - Free Report) by 46.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,628 shares of the chip maker's stock after selling 16,722 shares during the period. Fulton Bank N.A.'s holdings in Intel were worth $446,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Vermillion Wealth Management Inc. bought a new position in Intel during the fourth quarter worth about $27,000. Synergy Investment Management LLC acquired a new position in shares of Intel during the 4th quarter worth approximately $27,000. BankPlus Trust Department bought a new position in shares of Intel during the fourth quarter worth approximately $28,000. Keystone Financial Group Inc. bought a new position in shares of Intel during the fourth quarter worth approximately $29,000. Finally, Conquis Financial LLC acquired a new stake in shares of Intel in the fourth quarter valued at approximately $32,000. Institutional investors own 64.53% of the company's stock.

Intel Trading Up 0.4%

Intel stock traded up $0.07 during trading hours on Friday, hitting $20.06. The stock had a trading volume of 69,920,070 shares, compared to its average volume of 81,649,294. The business's 50 day simple moving average is $20.43 and its 200-day simple moving average is $21.31. Intel Co. has a one year low of $17.67 and a one year high of $37.16. The stock has a market cap of $87.50 billion, a price-to-earnings ratio of -4.58 and a beta of 1.15. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.12. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The company had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. During the same quarter in the prior year, the firm posted $0.18 earnings per share. The firm's revenue was down .4% compared to the same quarter last year. On average, equities analysts predict that Intel Co. will post -0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on INTC shares. Deutsche Bank Aktiengesellschaft started coverage on Intel in a research report on Wednesday, May 21st. They set a "hold" rating and a $23.00 price target on the stock. Needham & Company LLC reissued a "hold" rating on shares of Intel in a report on Friday, April 25th. Barclays restated a "reduce" rating on shares of Intel in a research report on Tuesday, April 22nd. Morgan Stanley cut their price objective on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. Finally, Mizuho decreased their target price on shares of Intel from $23.00 to $22.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Six equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $21.57.

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.