Intrust Bank NA lifted its stake in shares of Intel Corporation (NASDAQ:INTC – Free Report) by 140.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,626 shares of the chip maker’s stock after purchasing an additional 22,576 shares during the quarter. Intrust Bank NA’s holdings in Intel were worth $865,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. AMG National Trust Bank boosted its stake in shares of Intel by 6.2% during the first quarter. AMG National Trust Bank now owns 26,549 shares of the chip maker’s stock valued at $603,000 after purchasing an additional 1,550 shares in the last quarter. Csenge Advisory Group raised its holdings in Intel by 5.2% in the 1st quarter. Csenge Advisory Group now owns 43,893 shares of the chip maker’s stock valued at $997,000 after buying an additional 2,154 shares during the last quarter. Elyxium Wealth LLC acquired a new stake in Intel during the 1st quarter worth approximately $223,000. IFP Advisors Inc grew its holdings in Intel by 23.0% during the 1st quarter. IFP Advisors Inc now owns 147,755 shares of the chip maker’s stock worth $3,356,000 after acquiring an additional 27,645 shares during the last quarter. Finally, J.W. Cole Advisors Inc. increased its position in Intel by 195.7% in the 1st quarter. J.W. Cole Advisors Inc. now owns 81,506 shares of the chip maker’s stock valued at $1,851,000 after acquiring an additional 53,946 shares during the period. Institutional investors own 64.53% of the company’s stock.
Intel Trading Down 2.3%
NASDAQ INTC opened at $34.71 on Tuesday. The stock has a market capitalization of $165.81 billion, a P/E ratio of 3,474.47 and a beta of 1.31. The business has a 50 day simple moving average of $34.84 and a 200 day simple moving average of $26.48. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.60 and a quick ratio of 1.25. Intel Corporation has a one year low of $17.67 and a one year high of $42.48.
Analyst Ratings Changes
Several analysts recently weighed in on INTC shares. Bank of America reissued an “underperform” rating and issued a $34.00 price objective on shares of Intel in a research note on Monday, October 13th. BNP Paribas Exane upped their price target on Intel from $19.00 to $30.00 and gave the company an “underperform” rating in a research report on Friday, October 24th. TD Cowen raised their price objective on Intel from $35.00 to $38.00 and gave the stock a “hold” rating in a research report on Friday, October 24th. Hsbc Global Res lowered Intel from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, October 7th. Finally, Roth Capital increased their target price on shares of Intel from $30.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Two equities research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and eight have given a Sell rating to the stock. Based on data from MarketBeat.com, Intel presently has a consensus rating of “Reduce” and a consensus price target of $34.84.
View Our Latest Analysis on Intel
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.
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