Piscataqua Savings Bank Decreases Stock Holdings in Intel Co. (NASDAQ:INTC)

Piscataqua Savings Bank trimmed its stake in shares of Intel Co. (NASDAQ:INTC) by 26.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,005 shares of the chip maker’s stock after selling 2,567 shares during the period. Piscataqua Savings Bank’s holdings in Intel were worth $140,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in INTC. Quest Partners LLC lifted its position in Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 1,253 shares in the last quarter. Finley Financial LLC purchased a new position in shares of Intel during the 4th quarter valued at about $25,000. FSA Wealth Management LLC bought a new position in shares of Intel during the 3rd quarter valued at approximately $34,000. Capital Performance Advisors LLP purchased a new stake in Intel in the 3rd quarter worth approximately $36,000. Finally, West Financial Advisors LLC purchased a new position in Intel during the fourth quarter valued at approximately $31,000. Institutional investors own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

INTC has been the subject of several recent analyst reports. HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. The Goldman Sachs Group dropped their target price on shares of Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research report on Thursday, October 17th. UBS Group reduced their price target on shares of Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday, November 1st. Finally, Benchmark restated a “hold” rating on shares of Intel in a report on Friday, November 1st. Five analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Intel has an average rating of “Hold” and an average target price of $27.88.

Intel Stock Performance

Shares of NASDAQ:INTC opened at $20.83 on Monday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. The firm has a market cap of $89.84 billion, a PE ratio of -5.60, a price-to-earnings-growth ratio of 9.72 and a beta of 1.07. The firm’s 50 day simple moving average is $21.23 and its 200-day simple moving average is $22.85. Intel Co. has a one year low of $18.51 and a one year high of $50.30.

Intel (NASDAQ:INTC) last issued its 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). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The firm had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. During the same period last year, the firm earned $0.28 earnings per share. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. As a group, equities analysts predict that Intel Co. will post -0.87 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the transaction, the executive vice president now directly owns 273,258 shares in the company, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.04% of the stock is owned by company insiders.

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.