Intel Co. (NASDAQ:INTC) Shares Sold by Tompkins Financial Corp

Tompkins Financial Corp cut its stake in shares of Intel Co. (NASDAQ:INTC) by 59.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,557 shares of the chip maker’s stock after selling 27,434 shares during the quarter. Tompkins Financial Corp’s holdings in Intel were worth $435,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in INTC. America First Investment Advisors LLC acquired a new stake in shares of Intel during the 2nd quarter valued at approximately $25,000. Cyrus J. Lawrence LLC acquired a new position in Intel during the second quarter worth $27,000. Spartan Fund Management Inc. purchased a new stake in Intel during the second quarter worth $31,000. Financial Connections Group Inc. acquired a new stake in Intel in the second quarter valued at $32,000. Finally, Triad Wealth Partners LLC purchased a new position in shares of Intel in the second quarter valued at $33,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Insider Buying and Selling at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’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 completion of the sale, the executive vice president now owns 273,258 shares of the company’s stock, valued at $7,104,708. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.04% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on INTC. Susquehanna lowered their price objective on shares of Intel from $35.00 to $26.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. New Street Research cut shares of Intel from a “buy” rating to a “neutral” rating in a research note on Friday, August 2nd. Morgan Stanley reduced their target price on Intel from $36.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, August 2nd. Roth Mkm dropped their price target on Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Finally, Rosenblatt Securities restated a “sell” rating and issued a $17.00 price objective on shares of Intel in a research report on Tuesday, October 29th. Six investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Intel has a consensus rating of “Hold” and a consensus price target of $30.12.

Intel Stock Performance

Shares of NASDAQ:INTC traded down $0.03 during trading on Friday, reaching $26.20. 76,427,983 shares of the company’s stock traded hands, compared to its average volume of 65,260,216. Intel Co. has a 12 month low of $18.51 and a 12 month high of $51.28. The stock has a market capitalization of $113.00 billion, a P/E ratio of -7.04 and a beta of 1.03. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The company has a 50 day moving average of $22.22 and a 200-day moving average of $26.66.

Intel (NASDAQ:INTC) last posted its 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). The firm had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. Intel’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter last year, the company posted $0.28 EPS. On average, equities analysts expect that Intel Co. will post -0.83 EPS for the current 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.