Intel Co. (NASDAQ:INTC) Shares Sold by AMG National Trust Bank

AMG National Trust Bank lowered its position in shares of Intel Co. (NASDAQ:INTC) by 10.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,688 shares of the chip maker’s stock after selling 5,368 shares during the period. AMG National Trust Bank’s holdings in Intel were worth $1,025,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Aljian Capital Management LLC purchased a new stake in Intel in the 3rd quarter valued at approximately $386,000. Glass Wealth Management Co LLC boosted its stake in shares of Intel by 2.8% during the 3rd quarter. Glass Wealth Management Co LLC now owns 75,611 shares of the chip maker’s stock valued at $1,774,000 after buying an additional 2,040 shares during the last quarter. Swiss National Bank boosted its stake in Intel by 0.3% in the third quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker’s stock valued at $296,426,000 after acquiring an additional 31,800 shares during the period. Accent Capital Management LLC grew its position in Intel by 415.1% in the 3rd quarter. Accent Capital Management LLC now owns 9,529 shares of the chip maker’s stock worth $224,000 after purchasing an additional 7,679 shares during the last quarter. Finally, Frazier Financial Advisors LLC raised its position in shares of Intel by 1,097.8% during the 3rd quarter. Frazier Financial Advisors LLC now owns 5,570 shares of the chip maker’s stock worth $131,000 after buying an additional 5,105 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Cantor Fitzgerald decreased their target price on Intel from $40.00 to $27.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Barclays dropped their price target on shares of Intel from $40.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, August 2nd. New Street Research cut Intel from a “buy” rating to a “neutral” rating in a report on Friday, August 2nd. Wedbush reduced their target price on shares of Intel from $32.50 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Finally, StockNews.com lowered shares of Intel from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Six equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $30.12.

Insider Activity

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.04% of the company’s stock.

Intel Trading Down 2.6 %

INTC opened at $24.20 on Wednesday. Intel Co. has a one year low of $18.51 and a one year high of $51.28. The business has a 50 day simple moving average of $22.91 and a two-hundred day simple moving average of $26.21. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The firm has a market capitalization of $104.37 billion, a price-to-earnings ratio of -6.51 and a beta of 1.03.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS 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 the consensus estimate of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period last year, the firm posted $0.28 EPS. Analysts predict that Intel Co. will post -0.83 EPS for the current year.

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.