Lcnb Corp Reduces Position in Intel Corporation (NASDAQ:INTC)

Lcnb Corp lessened its holdings in shares of Intel Corporation (NASDAQ:INTC) by 6.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,978 shares of the chip maker’s stock after selling 1,477 shares during the period. Lcnb Corp’s holdings in Intel were worth $454,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Freestone Grove Partners LP acquired a new position in shares of Intel in the 4th quarter worth approximately $62,654,000. Toronto Dominion Bank lifted its holdings in shares of Intel by 286.8% in the 4th quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker’s stock worth $211,114,000 after acquiring an additional 7,806,882 shares during the last quarter. 180 Wealth Advisors LLC lifted its holdings in shares of Intel by 124.9% in the 1st quarter. 180 Wealth Advisors LLC now owns 127,916 shares of the chip maker’s stock worth $2,905,000 after acquiring an additional 71,049 shares during the last quarter. Alteri Wealth LLC acquired a new position in shares of Intel in the 4th quarter worth approximately $2,379,000. Finally, Gordian Capital Singapore Pte Ltd lifted its holdings in shares of Intel by 120.7% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 64,000 shares of the chip maker’s stock worth $1,282,000 after acquiring an additional 35,000 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

INTC has been the topic of several recent analyst reports. Mizuho upped their price objective on shares of Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, July 3rd. Sanford C. Bernstein decreased their price objective on shares of Intel from $25.00 to $21.00 and set a “market perform” rating on the stock in a report on Tuesday, April 22nd. Seaport Res Ptn upgraded shares of Intel to a “strong sell” rating in a report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Intel in a research note on Wednesday, May 21st. They set a “hold” rating and a $23.00 target price on the stock. Finally, Loop Capital initiated coverage on shares of Intel in a research note on Monday, July 21st. They set a “hold” rating and a $25.00 target price on the stock. Six investment analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $22.17.

Intel Trading Up 0.9%

NASDAQ INTC opened at $19.95 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.92. The firm’s fifty day moving average price is $21.56 and its 200 day moving average price is $21.48. The company has a market capitalization of $87.32 billion, a price-to-earnings ratio of -4.18 and a beta of 1.22. Intel Corporation has a 12 month low of $17.67 and a 12 month high of $27.55.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, July 24th. The chip maker reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.11). The company had revenue of $12.86 billion during the quarter, compared to analysts’ expectations of $11.88 billion. Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the business earned $0.02 earnings per share. On average, sell-side analysts expect that Intel Corporation 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.