Peoples Bank KS Sells 4,265 Shares of Intel Co. (NASDAQ:INTC)

Peoples Bank KS lessened its stake in Intel Co. (NASDAQ:INTC) by 35.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,625 shares of the chip maker’s stock after selling 4,265 shares during the quarter. Peoples Bank KS’s holdings in Intel were worth $153,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in INTC. Oak Thistle LLC acquired a new position in shares of Intel during the 2nd quarter worth about $374,000. Choreo LLC increased its position in Intel by 47.9% during the second quarter. Choreo LLC now owns 158,639 shares of the chip maker’s stock worth $4,893,000 after buying an additional 51,378 shares during the last quarter. Liberty Wealth Management LLC lifted its position in shares of Intel by 116.4% in the second quarter. Liberty Wealth Management LLC now owns 26,701 shares of the chip maker’s stock valued at $827,000 after buying an additional 14,365 shares during the last quarter. Doheny Asset Management CA boosted its stake in shares of Intel by 399.0% during the 2nd quarter. Doheny Asset Management CA now owns 25,150 shares of the chip maker’s stock worth $779,000 after acquiring an additional 20,110 shares during the period. Finally, Beam Wealth Advisors Inc. acquired a new position in shares of Intel during the 2nd quarter worth approximately $411,000. 64.53% of the stock is owned by institutional investors.

Intel Price Performance

Shares of INTC stock opened at $20.01 on Wednesday. Intel Co. has a twelve month low of $18.51 and a twelve month high of $50.30. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. The business has a fifty day simple moving average of $22.20 and a 200 day simple moving average of $23.89. The company has a market cap of $86.30 billion, a P/E ratio of -5.38 and a beta of 1.07.

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

Insider Activity

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of the transaction, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. This trade represents a 8.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.04% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on INTC shares. Robert W. Baird lifted their price objective on shares of Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Mizuho lifted their target price on shares of Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. The Goldman Sachs Group lowered their price target on shares of Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a report on Thursday, October 17th. Rosenblatt Securities restated a “sell” rating and set a $17.00 price objective on shares of Intel in a research report on Tuesday, October 29th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $25.00 target price (down previously from $28.00) on shares of Intel in a research report on Friday, October 25th. Six investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $30.04.

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.