FARMERS & MERCHANTS TRUST Co OF LONG BEACH Has $334,000 Stock Holdings in Intel Co. (NASDAQ:INTC)

FARMERS & MERCHANTS TRUST Co OF LONG BEACH reduced its holdings in shares of Intel Co. (NASDAQ:INTC) by 6.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,662 shares of the chip maker’s stock after selling 1,126 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Intel were worth $334,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Brooklyn Investment Group boosted its stake in Intel by 31.1% in the fourth quarter. Brooklyn Investment Group now owns 9,046 shares of the chip maker’s stock worth $181,000 after purchasing an additional 2,148 shares in the last quarter. Merit Financial Group LLC boosted its stake in Intel by 22.6% during the 4th quarter. Merit Financial Group LLC now owns 66,736 shares of the chip maker’s stock worth $1,338,000 after acquiring an additional 12,312 shares during the last quarter. Relyea Zuckerberg Hanson LLC lifted its holdings in Intel by 211.6% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker’s stock worth $579,000 after acquiring an additional 19,625 shares in the last quarter. Avanza Fonder AB acquired a new position in shares of Intel in the 4th quarter valued at approximately $10,557,000. Finally, Empirical Asset Management LLC bought a new stake in shares of Intel during the fourth quarter worth $276,000. 64.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on INTC. Deutsche Bank Aktiengesellschaft cut their price target on shares of Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a research report on Thursday, October 3rd. Rosenblatt Securities reiterated a “sell” rating and issued a $17.00 price target on shares of Intel in a research note on Tuesday, October 29th. Bank of America reissued an “underperform” rating and set a $21.00 target price on shares of Intel in a report on Tuesday, December 3rd. Benchmark restated a “hold” rating on shares of Intel in a research note on Friday, November 1st. Finally, Northland Securities reduced their price target on shares of Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Six 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. Based on data from MarketBeat.com, Intel currently has an average rating of “Hold” and a consensus target price of $29.88.

Intel Price Performance

Shares of NASDAQ:INTC opened at $21.49 on Friday. The firm has a market cap of $92.69 billion, a PE ratio of -5.78, a price-to-earnings-growth ratio of 8.53 and a beta of 1.07. Intel Co. has a 52 week low of $18.51 and a 52 week high of $50.30. The firm’s fifty day moving average is $21.55 and its 200-day moving average is $23.38. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31.

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

Insider Activity at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction 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 transaction, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.04% of the stock is currently owned by company insiders.

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.