Stock Yards Bank & Trust Co. Sells 12,501 Shares of Intel Co. (NASDAQ:INTC)

Stock Yards Bank & Trust Co. lowered its position in shares of Intel Co. (NASDAQ:INTC) by 22.8% in the 1st quarter, Holdings Channel.com reports. The fund owned 42,394 shares of the chip maker’s stock after selling 12,501 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Intel were worth $963,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in INTC. Synergy Investment Management LLC bought a new stake in Intel in the 4th quarter worth approximately $27,000. Vermillion Wealth Management Inc. bought a new stake in Intel in the 4th quarter worth approximately $27,000. BankPlus Trust Department bought a new stake in Intel in the 4th quarter worth approximately $28,000. Conquis Financial LLC bought a new stake in Intel in the 4th quarter worth approximately $32,000. Finally, Pillar Financial Advisors LLC bought a new stake in Intel in the 4th quarter worth approximately $34,000. Institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Bank of America raised shares of Intel from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $19.00 to $25.00 in a research report on Thursday, March 13th. Rosenblatt Securities cut their target price on shares of Intel from $18.00 to $14.00 and set a “sell” rating for the company in a research report on Friday, April 25th. Cfra Research raised shares of Intel to a “hold” rating in a research report on Friday, April 25th. Wells Fargo & Company cut their price objective on shares of Intel from $25.00 to $22.00 and set an “equal weight” rating for the company in a research report on Friday, April 25th. Finally, Cantor Fitzgerald cut their price objective on shares of Intel from $29.00 to $20.00 and set a “neutral” rating for the company in a research report on Monday, April 21st. Six investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Intel has an average rating of “Hold” and an average target price of $21.57.

Intel Trading Down 3.0%

Shares of INTC stock opened at $20.14 on Friday. Intel Co. has a 52-week low of $17.67 and a 52-week high of $37.16. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The firm has a market capitalization of $87.85 billion, a PE ratio of -4.60 and a beta of 1.12. The stock has a fifty day simple moving average of $20.43 and a two-hundred day simple moving average of $21.14.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.12. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The business had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. During the same quarter in the prior year, the business posted $0.18 EPS. Intel’s revenue for the quarter was down .4% compared to the same quarter last year. On average, analysts predict that Intel Co. will post -0.11 EPS for the current fiscal year.

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.