First National Bank & Trust Co. of Newtown Has $675,000 Stock Holdings in Intel Co. (NASDAQ:INTC)

First National Bank & Trust Co. of Newtown trimmed its stake in shares of Intel Co. (NASDAQ:INTC) by 8.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,767 shares of the chip maker’s stock after selling 2,488 shares during the quarter. First National Bank & Trust Co. of Newtown’s holdings in Intel were worth $675,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of INTC. Norden Group LLC increased its position in shares of Intel by 27.8% during the 1st quarter. Norden Group LLC now owns 14,412 shares of the chip maker’s stock worth $637,000 after purchasing an additional 3,133 shares in the last quarter. Advisory Alpha LLC boosted its holdings in shares of Intel by 8.4% in the 1st quarter. Advisory Alpha LLC now owns 6,891 shares of the chip maker’s stock worth $304,000 after acquiring an additional 533 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Intel by 30.9% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 119,045 shares of the chip maker’s stock worth $5,258,000 after acquiring an additional 28,125 shares in the last quarter. AIA Group Ltd bought a new stake in Intel during the 1st quarter worth approximately $818,000. Finally, Hilltop National Bank acquired a new stake in Intel during the 1st quarter valued at $597,000. 64.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

INTC has been the topic of several research analyst reports. Raymond James cut Intel from an “outperform” rating to a “market perform” rating in a report on Friday, August 2nd. Mizuho raised 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, November 1st. Roth Mkm reduced their target price on shares of Intel from $35.00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Barclays lowered their price target on shares of Intel from $40.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, August 2nd. Finally, Hsbc Global Res downgraded Intel from a “hold” rating to a “moderate sell” rating in a report on Friday, August 2nd. Six research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Intel presently has an average rating of “Hold” and a consensus price target of $30.12.

Intel Price Performance

NASDAQ INTC opened at $26.23 on Friday. The firm’s 50 day moving average is $22.01 and its 200-day moving average is $26.72. 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 company has a market capitalization of $113.13 billion, a PE ratio of -7.05 and a beta of 1.03. Intel Co. has a 12-month low of $18.51 and a 12-month high of $51.28.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The business 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 firm’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.28 earnings per share. Equities research analysts anticipate that Intel Co. will post -0.47 earnings per share for the current fiscal 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.