Stock Yards Bank & Trust Co. Sells 12,501 Shares of Intel Co. (NASDAQ:INTC)

Stock Yards Bank & Trust Co. decreased its stake in shares of Intel Co. (NASDAQ:INTC - Free Report) by 22.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 42,394 shares of the chip maker's stock after selling 12,501 shares during the period. Stock Yards Bank & Trust Co.'s holdings in Intel were worth $963,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Avestar Capital LLC grew its stake in shares of Intel by 5.7% in the fourth quarter. Avestar Capital LLC now owns 15,454 shares of the chip maker's stock worth $310,000 after purchasing an additional 832 shares in the last quarter. Vontobel Holding Ltd. increased its stake in shares of Intel by 0.5% in the fourth quarter. Vontobel Holding Ltd. now owns 1,149,202 shares of the chip maker's stock worth $23,042,000 after acquiring an additional 5,569 shares during the last quarter. First Merchants Corp increased its holdings in Intel by 79.4% in the fourth quarter. First Merchants Corp now owns 19,778 shares of the chip maker's stock worth $397,000 after buying an additional 8,754 shares during the last quarter. Asset Planning Inc acquired a new stake in shares of Intel in the fourth quarter worth about $36,000. Finally, WealthPlan Investment Management LLC boosted its holdings in shares of Intel by 3.3% during the 4th quarter. WealthPlan Investment Management LLC now owns 65,243 shares of the chip maker's stock worth $1,308,000 after buying an additional 2,056 shares during the period. Institutional investors and hedge funds own 64.53% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on INTC. Needham & Company LLC reissued a "hold" rating on shares of Intel in a report on Friday, April 25th. Bank of America upgraded shares of Intel from an "underperform" rating to a "neutral" rating and upped their price target for the stock from $19.00 to $25.00 in a research report on Thursday, March 13th. Morgan Stanley decreased their price objective on Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. JPMorgan Chase & Co. reduced their target price on shares of Intel from $23.00 to $20.00 and set an "underweight" rating on the stock in a research note on Friday, April 25th. Finally, Susquehanna decreased their price objective on Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Six 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's stock. According to MarketBeat.com, Intel has a consensus rating of "Hold" and an average price target of $21.57.

Intel Price Performance

Shares of NASDAQ INTC traded up $0.75 during mid-day trading on Monday, hitting $20.89. 29,851,641 shares of the stock traded hands, compared to its average volume of 83,442,927. The company has a market cap of $91.13 billion, a PE ratio of -4.76 and a beta of 1.12. Intel Co. has a twelve month low of $17.67 and a twelve month high of $37.16. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The firm has a 50 day simple moving average of $20.43 and a two-hundred day simple moving average of $21.12.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. During the same period last year, the firm posted $0.18 earnings per share. The business's revenue for the quarter was down .4% on a year-over-year basis. As a group, equities research analysts forecast that Intel Co. will post -0.11 EPS for the current fiscal year.

About 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.