Trust Co. of Toledo NA OH reduced its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 57.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,111 shares of the chip maker's stock after selling 52,272 shares during the quarter. Trust Co. of Toledo NA OH's holdings in Intel were worth $866,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in INTC. Roxbury Financial LLC bought a new position in Intel in the fourth quarter worth about $38,000. Principal Securities Inc. boosted its position in Intel by 19.6% during the 4th quarter. Principal Securities Inc. now owns 40,722 shares of the chip maker's stock valued at $816,000 after acquiring an additional 6,668 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Intel by 9.2% during the 4th quarter. Allworth Financial LP now owns 253,820 shares of the chip maker's stock worth $5,549,000 after acquiring an additional 21,425 shares during the period. Strategic Financial Concepts LLC bought a new position in shares of Intel in the 4th quarter worth approximately $782,000. Finally, Csenge Advisory Group lifted its stake in shares of Intel by 10.0% in the 4th quarter. Csenge Advisory Group now owns 41,739 shares of the chip maker's stock valued at $837,000 after purchasing an additional 3,780 shares during the period. 64.53% of the stock is owned by hedge funds and other institutional investors.
Intel Stock Down 3.0%
INTC stock opened at $20.14 on Monday. The company has a market cap of $87.85 billion, a price-to-earnings ratio of -4.60 and a beta of 1.12. The company has a fifty day moving average price of $20.43 and a 200 day moving average price of $21.12. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. Intel Co. has a 12 month low of $17.67 and a 12 month high of $37.16.
Intel (NASDAQ:INTC - Get Free Report) last announced its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, beating 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%. The company's revenue was down .4% on a year-over-year basis. During the same period last year, the business posted $0.18 EPS. Sell-side analysts expect that Intel Co. will post -0.11 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft began coverage on Intel in a report on Wednesday, May 21st. They issued a "hold" rating and a $23.00 price objective for the company. Rosenblatt Securities decreased their price target on shares of Intel from $18.00 to $14.00 and set a "sell" rating for the company in a research note on Friday, April 25th. Seaport Res Ptn raised shares of Intel to a "strong sell" rating in a research report on Wednesday, April 30th. Citigroup restated a "sell" rating on shares of Intel in a report on Friday, April 25th. Finally, Sanford C. Bernstein lowered their target price on shares of Intel from $25.00 to $21.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. 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's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $21.57.
Read Our Latest Report on Intel
Intel Profile
(
Free Report)
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.
Further Reading
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