Intel Co. (NASDAQ:INTC) Shares Sold by First National Bank of Mount Dora Trust Investment Services

First National Bank of Mount Dora Trust Investment Services trimmed its position in Intel Co. (NASDAQ:INTC) by 58.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,312 shares of the chip maker’s stock after selling 42,585 shares during the quarter. First National Bank of Mount Dora Trust Investment Services’ holdings in Intel were worth $711,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of INTC. Asset Management One Co. Ltd. increased its stake in Intel by 2.0% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,752,155 shares of the chip maker’s stock worth $41,106,000 after buying an additional 34,061 shares during the period. National Pension Service increased its stake in Intel by 13.0% during the 3rd quarter. National Pension Service now owns 8,262,173 shares of the chip maker’s stock worth $193,831,000 after buying an additional 951,230 shares during the period. Forum Financial Management LP increased its stake in Intel by 11.3% during the 3rd quarter. Forum Financial Management LP now owns 73,610 shares of the chip maker’s stock worth $1,727,000 after buying an additional 7,501 shares during the period. RWQ Financial Management Services Inc. purchased a new stake in shares of Intel in the 3rd quarter valued at approximately $3,538,000. Finally, BSW Wealth Partners increased its position in shares of Intel by 50.0% in the 3rd quarter. BSW Wealth Partners now owns 42,241 shares of the chip maker’s stock valued at $991,000 after purchasing an additional 14,079 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Price Performance

NASDAQ:INTC traded down $0.53 during mid-day trading on Monday, hitting $22.67. 29,635,396 shares of the company’s stock traded hands, compared to its average volume of 59,248,055. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.24 and a current ratio of 1.59. The firm’s 50 day simple moving average is $21.79 and its 200 day simple moving average is $26.90. Intel Co. has a 1 year low of $18.51 and a 1 year high of $51.28. The company has a market cap of $96.94 billion, a PE ratio of -6.09 and a beta of 1.03.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.44). Intel had a negative net margin of 29.42% and a negative return on equity of 1.68%. The business had revenue of $13.30 billion for the quarter, compared to analysts’ expectations of $13.02 billion. During the same quarter last year, the business posted $0.28 earnings per share. The business’s revenue was down 6.3% compared to the same quarter last year. Sell-side analysts expect that Intel Co. will post -0.47 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Benchmark reissued a “hold” rating on shares of Intel in a research report on Friday. Mizuho increased their price objective on shares of Intel from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday. HSBC downgraded shares of Intel from a “hold” rating to a “reduce” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. dropped their price objective on shares of Intel from $35.00 to $26.00 and set an “underweight” rating on the stock in a research report on Friday, August 2nd. Finally, Robert W. Baird upped their target price on shares of Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Friday. Six research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $30.12.

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.