CoreFirst Bank & Trust Buys New Holdings in Intel Co. (NASDAQ:INTC)

CoreFirst Bank & Trust purchased a new position in Intel Co. (NASDAQ:INTC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,697 shares of the chip maker’s stock, valued at approximately $34,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Finley Financial LLC bought a new stake in shares of Intel during the fourth quarter worth about $25,000. Synergy Investment Management LLC bought a new stake in Intel during the 4th quarter worth approximately $27,000. BankPlus Trust Department bought a new position in shares of Intel in the fourth quarter valued at approximately $28,000. Keystone Financial Group Inc. bought a new position in shares of Intel in the fourth quarter valued at approximately $29,000. Finally, Quest Partners LLC boosted its position in shares of Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after buying an additional 1,253 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. UBS Group dropped their price objective on Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Mizuho dropped their price target on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Wells Fargo & Company reduced their price objective on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Truist Financial dropped their target price on shares of Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Finally, Bank of America raised Intel from an “underperform” rating to a “neutral” rating and upped their target price for the company from $19.00 to $25.00 in a report on Thursday, March 13th. Four research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Intel presently has a consensus rating of “Hold” and a consensus price target of $27.04.

Intel Stock Down 3.2 %

INTC opened at $23.42 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. Intel Co. has a one year low of $18.51 and a one year high of $45.41. The firm has a market capitalization of $101.41 billion, a P/E ratio of -5.35 and a beta of 1.02. The company has a fifty day moving average price of $22.22 and a 200-day moving average price of $22.09.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing the consensus estimate 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 research analysts expect that Intel Co. will post -0.11 earnings per share for the current fiscal year.

About Intel

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.