Sanibel Captiva Trust Company Inc. Sells 59,948 Shares of Intel Co. (NASDAQ:INTC)

Sanibel Captiva Trust Company Inc. lessened its holdings in shares of Intel Co. (NASDAQ:INTC - Free Report) by 28.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 151,520 shares of the chip maker's stock after selling 59,948 shares during the period. Sanibel Captiva Trust Company Inc.'s holdings in Intel were worth $3,441,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in INTC. Vanguard Group Inc. grew its holdings in shares of Intel by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker's stock valued at $7,400,439,000 after buying an additional 6,143,164 shares during the period. Geode Capital Management LLC grew its holdings in shares of Intel by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 95,488,444 shares of the chip maker's stock valued at $1,909,761,000 after buying an additional 2,978,346 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Intel by 8.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,263,339 shares of the chip maker's stock valued at $1,268,430,000 after buying an additional 4,793,927 shares during the period. Norges Bank acquired a new position in shares of Intel in the 4th quarter valued at $1,246,569,000. Finally, Northern Trust Corp grew its holdings in shares of Intel by 15.5% in the 4th quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock valued at $918,522,000 after buying an additional 6,157,853 shares during the period. Institutional investors own 64.53% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on INTC. Morgan Stanley reduced their target price on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research note on Friday, April 25th. Mizuho reduced their target price on shares of Intel from $23.00 to $22.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a research note on Friday, April 25th. Seaport Res Ptn raised shares of Intel to a "strong sell" rating in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Intel from $23.00 to $20.00 and set an "underweight" rating for the company in a research note on Friday, April 25th. Six research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $21.57.

Intel Price Performance

Shares of NASDAQ INTC traded down $0.63 during midday trading on Friday, reaching $20.14. The company's stock had a trading volume of 87,385,210 shares, compared to its average volume of 83,420,383. 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 fifty-two week low of $17.67 and a fifty-two week high of $37.16. The business's 50 day moving average price is $20.43 and its two-hundred day moving average price is $21.16. The company has a market cap of $87.85 billion, a P/E ratio of -4.60 and a beta of 1.12.

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