Sunflower Bank N.A. Buys 1,447 Shares of Intel Co. (NASDAQ:INTC)

Sunflower Bank N.A. raised its position in shares of Intel Co. (NASDAQ:INTC) by 7.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,989 shares of the chip maker’s stock after purchasing an additional 1,447 shares during the period. Sunflower Bank N.A.’s holdings in Intel were worth $441,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cyrus J. Lawrence LLC purchased a new position in Intel during the 2nd quarter valued at about $27,000. Quest Partners LLC lifted its holdings in Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after buying an additional 1,253 shares during the period. Groupama Asset Managment increased its holdings in shares of Intel by 6.3% in the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock valued at $32,000 after acquiring an additional 8,084 shares during the period. FSA Wealth Management LLC bought a new stake in Intel during the third quarter valued at about $34,000. Finally, Fairfield Financial Advisors LTD bought a new position in Intel in the second quarter worth about $35,000. Institutional investors own 64.53% of the company’s stock.

Intel Price Performance

NASDAQ INTC traded up $0.05 during trading hours on Monday, reaching $19.20. The company’s stock had a trading volume of 50,253,859 shares, compared to its average volume of 58,533,117. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. Intel Co. has a 1-year low of $18.51 and a 1-year high of $50.30. The company’s 50-day moving average is $22.03 and its two-hundred day moving average is $23.66. The firm has a market capitalization of $82.81 billion, a price-to-earnings ratio of -5.16 and a beta of 1.07.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). The business had revenue of $13.30 billion for the quarter, compared to analysts’ expectations of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The company’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the business earned $0.28 EPS. On average, equities analysts predict that Intel Co. will post -0.87 EPS for the current year.

Analyst Upgrades and Downgrades

INTC has been the topic of a number of analyst reports. Truist Financial lifted their price objective on shares of Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Rosenblatt Securities reissued a “sell” rating and issued a $17.00 price objective on shares of Intel in a research report on Tuesday, October 29th. Northland Securities lowered their price target on Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Benchmark reaffirmed a “hold” rating on shares of Intel in a research report on Friday, November 1st. Finally, Mizuho cut their price target on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday. Six investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $29.96.

Insider Buying and Selling

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction dated 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 directly owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.04% of the stock is currently owned by 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.