Godsey & Gibb Inc. Sells 2,500 Shares of Intel Co. (NASDAQ:INTC)

Godsey & Gibb Inc. lessened its stake in Intel Co. (NASDAQ:INTC) by 32.9% in the 1st quarter, HoldingsChannel.com reports. The firm owned 5,096 shares of the chip maker’s stock after selling 2,500 shares during the period. Godsey & Gibb Inc.’s holdings in Intel were worth $116,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of INTC. Synergy Investment Management LLC bought a new position in Intel in the 4th quarter worth approximately $27,000. Vermillion Wealth Management Inc. bought a new position in Intel in the 4th quarter worth approximately $27,000. BankPlus Trust Department bought a new position in Intel in the 4th quarter worth approximately $28,000. Keystone Financial Group Inc. bought a new stake in shares of Intel during the 4th quarter valued at $29,000. Finally, Conquis Financial LLC bought a new stake in shares of Intel during the 4th quarter valued at $32,000. Institutional investors own 64.53% of the company’s stock.

Intel Price Performance

Shares of NASDAQ INTC opened at $20.06 on Friday. The firm has a market cap of $87.50 billion, a PE ratio of -4.58 and a beta of 1.15. 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 $17.67 and a 1-year high of $37.16. The company has a fifty day moving average price of $20.39 and a 200 day moving average price of $21.28.

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

Analyst Upgrades and Downgrades

Several analysts have commented on INTC shares. Mizuho dropped their target price on shares of Intel from $23.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday, April 25th. Benchmark reiterated a “hold” rating on shares of Intel in a research report on Friday, April 25th. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research report on Friday, April 25th. Susquehanna dropped their target price on shares of Intel from $24.00 to $22.00 and set a “neutral” rating for the company in a research report on Wednesday, April 16th. Finally, Seaport Res Ptn upgraded shares of Intel to a “strong sell” rating in a research report on Wednesday, April 30th. Six investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $21.57.

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.