Hickory Point Bank & Trust Makes New Investment in Intel Co. (NASDAQ:INTC)

Hickory Point Bank & Trust purchased a new position in shares of Intel Co. (NASDAQ:INTC) in the fourth quarter, Holdings Channel reports. The fund purchased 19,665 shares of the chip maker’s stock, valued at approximately $394,000.

Other institutional investors also recently added to or reduced their stakes in the company. Quest Partners LLC boosted its position in Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after acquiring an additional 1,253 shares during the period. Finley Financial LLC acquired a new position in Intel during the 4th quarter worth $25,000. BankPlus Trust Department acquired a new position in Intel during the 4th quarter worth $28,000. Keystone Financial Group Inc. acquired a new position in Intel during the 4th quarter worth $29,000. Finally, FSA Wealth Management LLC acquired a new position in Intel during the 3rd quarter worth $34,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Price Performance

NASDAQ INTC opened at $23.74 on Friday. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $46.63. The stock’s 50-day moving average is $21.21 and its two-hundred day moving average is $21.79. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The firm has a market cap of $102.80 billion, a P/E ratio of -5.42 and a beta of 1.08.

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

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Cantor Fitzgerald upped their price objective on Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, February 18th. Bank of America restated an “underperform” rating and issued a $21.00 price objective on shares of Intel in a report on Tuesday, December 3rd. Citigroup cut their price objective on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Benchmark restated a “hold” rating on shares of Intel in a report on Friday, January 31st. Finally, Mizuho cut their target price on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. 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. According to MarketBeat.com, Intel has an average rating of “Hold” and a consensus price target of $26.88.

Intel Company 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.