Adirondack Trust Co. Sells 14,792 Shares of Intel Co. (NASDAQ:INTC)

Adirondack Trust Co. decreased its stake in shares of Intel Co. (NASDAQ:INTC) by 31.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 32,725 shares of the chip maker’s stock after selling 14,792 shares during the period. Adirondack Trust Co.’s holdings in Intel were worth $656,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in INTC. Finley Financial LLC acquired a new stake in shares of Intel in the fourth quarter worth $25,000. Quest Partners LLC increased its stake in shares of Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after purchasing an additional 1,253 shares during the period. West Financial Advisors LLC acquired a new position in shares of Intel during the 4th quarter worth about $31,000. Groupama Asset Managment boosted its stake in Intel by 6.3% during the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock valued at $32,000 after purchasing an additional 8,084 shares during the period. Finally, Sawyer & Company Inc acquired a new position in shares of Intel during the fourth quarter worth approximately $32,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Stock Performance

INTC stock opened at $21.86 on Thursday. Intel Co. has a twelve month low of $18.51 and a twelve month high of $50.30. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. The business has a fifty day moving average of $21.44 and a 200-day moving average of $23.13.

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

Analysts Set New Price Targets

INTC has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a research report on Thursday, October 3rd. UBS Group cut their target price on Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday. HSBC raised Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday. Robert W. Baird boosted their price target on shares of Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, Bank of America reiterated an “underperform” rating and set a $21.00 target price on shares of Intel in a research report on Tuesday, December 3rd. Five investment analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $28.81.

Insider Activity

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value of $650,000.00. Following the sale, the executive vice president now directly owns 273,258 shares in the company, valued at $7,104,708. This trade represents a 8.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.04% of the stock is currently owned by company 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.