Intel Co. (NASDAQ:INTC) Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN trimmed its stake in Intel Co. (NASDAQ:INTC) by 1.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 386,061 shares of the chip maker’s stock after selling 7,276 shares during the quarter. OLD National Bancorp IN’s holdings in Intel were worth $7,741,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Dunhill Financial LLC raised its holdings in shares of Intel by 22.6% in the third quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock worth $56,000 after acquiring an additional 438 shares during the last quarter. MKT Advisors LLC raised its holdings in shares of Intel by 4.8% in the third quarter. MKT Advisors LLC now owns 10,762 shares of the chip maker’s stock worth $241,000 after acquiring an additional 490 shares during the last quarter. Beaton Management Co. Inc. raised its holdings in shares of Intel by 2.2% in the third quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock worth $544,000 after acquiring an additional 500 shares during the last quarter. Everpar Advisors LLC raised its holdings in shares of Intel by 5.1% in the third quarter. Everpar Advisors LLC now owns 10,326 shares of the chip maker’s stock worth $242,000 after acquiring an additional 504 shares during the last quarter. Finally, Missouri Trust & Investment Co raised its holdings in shares of Intel by 3.6% in the fourth quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker’s stock worth $314,000 after acquiring an additional 550 shares during the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on INTC. The Goldman Sachs Group lowered their price objective on Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research report on Thursday, October 17th. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research report on Friday, November 1st. Northland Securities lowered their price objective on Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Bank of America reaffirmed an “underperform” rating and issued a $21.00 price objective on shares of Intel in a research report on Tuesday, December 3rd. Finally, UBS Group lowered their price objective on Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Five analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $28.00.

Insider Buying and Selling

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the sale, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.04% of the company’s stock.

Intel Price Performance

Shares of NASDAQ INTC opened at $19.77 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. Intel Co. has a 1-year low of $18.51 and a 1-year high of $46.63. The business has a 50-day moving average of $21.06 and a 200-day moving average of $22.65. The company has a market capitalization of $85.25 billion, a price-to-earnings ratio of -5.31, a PEG ratio of 9.72 and a beta of 1.07.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.44). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The business had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. During the same quarter last year, the firm posted $0.28 EPS. The company’s revenue was down 6.3% compared to the same quarter last year. On average, equities analysts anticipate that Intel Co. will post -0.87 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.