UMB Bank n.a. Sells 14,256 Shares of Intel Co. (NASDAQ:INTC)

UMB Bank n.a. trimmed its position in Intel Co. (NASDAQ:INTC - Free Report) by 24.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,234 shares of the chip maker's stock after selling 14,256 shares during the quarter. UMB Bank n.a.'s holdings in Intel were worth $1,005,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Intel in the fourth quarter worth $1,246,569,000. Two Sigma Advisers LP acquired a new stake in shares of Intel in the fourth quarter worth $289,752,000. Two Sigma Investments LP acquired a new position in Intel during the 4th quarter worth $237,457,000. Toronto Dominion Bank boosted its stake in Intel by 286.8% during the 4th quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock valued at $211,114,000 after purchasing an additional 7,806,882 shares during the period. Finally, Northern Trust Corp grew its position in Intel by 15.5% in the 4th quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock worth $918,522,000 after purchasing an additional 6,157,853 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Stock Up 7.8%

NASDAQ INTC traded up $1.60 during trading on Tuesday, hitting $22.08. The stock had a trading volume of 170,764,363 shares, compared to its average volume of 82,429,197. The company has a market capitalization of $96.31 billion, a PE ratio of -5.04 and a beta of 1.12. Intel Co. has a 12 month low of $17.67 and a 12 month high of $37.16. The company's 50-day moving average price is $20.36 and its two-hundred day moving average price is $21.21. 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 (NASDAQ:INTC - Get Free Report) last posted 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 return on equity of 3.27% and a negative net margin of 35.32%. The firm had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. During the same period last year, the company earned $0.18 earnings per share. The business's revenue was down .4% compared to the same quarter last year. As a group, sell-side analysts forecast that Intel Co. will post -0.11 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Mizuho cut their target price on Intel from $23.00 to $22.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Wall Street Zen upgraded Intel from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Seaport Res Ptn raised shares of Intel to a "strong sell" rating in a research note on Wednesday, April 30th. Citigroup reaffirmed a "sell" rating on shares of Intel in a research note on Friday, April 25th. Finally, Cfra Research raised shares of Intel to a "hold" rating in a report on Friday, April 25th. Six equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has issued a buy rating to the company. Based on data from 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.