Hickory Point Bank & Trust Acquires Shares of 19,665 Intel Co. (NASDAQ:INTC)

Hickory Point Bank & Trust acquired a new stake in Intel Co. (NASDAQ:INTC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 19,665 shares of the chip maker’s stock, valued at approximately $394,000.

Several other large investors have also modified their holdings of INTC. Keynote Financial Services LLC increased its position in shares of Intel by 8.6% in the fourth quarter. Keynote Financial Services LLC now owns 76,508 shares of the chip maker’s stock valued at $1,534,000 after buying an additional 6,078 shares in the last quarter. Flaharty Asset Management LLC increased its position in shares of Intel by 36.6% in the fourth quarter. Flaharty Asset Management LLC now owns 11,201 shares of the chip maker’s stock valued at $225,000 after buying an additional 3,000 shares in the last quarter. Metis Global Partners LLC increased its position in shares of Intel by 0.9% in the fourth quarter. Metis Global Partners LLC now owns 224,717 shares of the chip maker’s stock valued at $4,506,000 after buying an additional 2,089 shares in the last quarter. SVB Wealth LLC purchased a new position in shares of Intel in the fourth quarter valued at $2,659,000. Finally, Flputnam Investment Management Co. increased its position in shares of Intel by 10.2% in the fourth quarter. Flputnam Investment Management Co. now owns 42,225 shares of the chip maker’s stock valued at $847,000 after buying an additional 3,904 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Stifel Nicolaus dropped their price target on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Roth Mkm dropped their price objective on Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. JPMorgan Chase & Co. dropped their price objective on Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Benchmark reiterated a “hold” rating on shares of Intel in a research report on Friday, January 31st. Finally, Cantor Fitzgerald lifted their price objective on Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th. Five equities research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $26.88.

Intel Stock Performance

NASDAQ INTC opened at $23.74 on Friday. The business’s 50-day simple moving average is $21.21 and its 200-day simple moving average is $21.79. The firm has a market capitalization of $102.80 billion, a P/E ratio of -5.42 and a beta of 1.08. 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 1-year low of $18.51 and a 1-year high of $46.63.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Equities analysts predict that Intel Co. will post -0.11 EPS for the current 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.