Whittier Trust Co. Sells 17,377 Shares of Intel Co. (NASDAQ:INTC)

Whittier Trust Co. reduced its stake in shares of Intel Co. (NASDAQ:INTC) by 19.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,249 shares of the chip maker’s stock after selling 17,377 shares during the quarter. Whittier Trust Co.’s holdings in Intel were worth $1,428,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of INTC. Geode Capital Management LLC lifted its stake in shares of Intel by 4.6% in the third quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock valued at $2,162,891,000 after buying an additional 4,103,553 shares during the period. Relyea Zuckerberg Hanson LLC lifted its position in shares of Intel by 211.6% in the 4th 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 during the period. Principal Financial Group Inc. grew its holdings in shares of Intel by 4.4% during the 3rd quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker’s stock worth $113,244,000 after purchasing an additional 204,200 shares in the last quarter. Empirical Asset Management LLC acquired a new position in shares of Intel in the fourth quarter valued at $276,000. Finally, InvesTrust bought a new position in Intel in the fourth quarter worth $3,696,000. 64.53% of the stock is owned by institutional investors.

Intel Stock Performance

Shares of NASDAQ:INTC opened at $24.26 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. Intel Co. has a 1-year low of $18.51 and a 1-year high of $45.41. The stock has a market capitalization of $105.05 billion, a P/E ratio of -5.54 and a beta of 1.02. The business has a 50-day moving average price of $21.95 and a two-hundred day moving average price of $21.98.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Equities analysts predict that Intel Co. will post -0.11 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Rosenblatt Securities reissued a “sell” rating and issued a $20.00 price target on shares of Intel in a report on Thursday, January 30th. Mizuho dropped their price target on shares of Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Bank of America raised Intel from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $19.00 to $25.00 in a report on Thursday, March 13th. Truist Financial dropped their target price on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Finally, Benchmark reaffirmed a “hold” rating on shares of Intel in a research note on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $27.04.

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.