Intel Co. (NASDAQ:INTC) Shares Sold by Focus Partners Wealth

Focus Partners Wealth cut its stake in Intel Co. (NASDAQ:INTC) by 18.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 439,250 shares of the chip maker’s stock after selling 102,151 shares during the period. Focus Partners Wealth’s holdings in Intel were worth $9,137,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in INTC. Finley Financial LLC acquired a new position in shares of Intel in the 4th quarter valued at about $25,000. Synergy Investment Management LLC purchased a new stake in Intel in the 4th quarter valued at $27,000. BankPlus Trust Department acquired a new stake in shares of Intel during the 4th quarter worth about $28,000. Keystone Financial Group Inc. acquired a new stake in shares of Intel during the 4th quarter worth about $29,000. Finally, West Financial Advisors LLC acquired a new position in Intel in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Cantor Fitzgerald dropped their target price on Intel from $29.00 to $20.00 and set a “neutral” rating for the company in a research report on Monday, April 21st. Morgan Stanley decreased their target price on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, April 25th. Wedbush reduced their price objective on Intel from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, April 23rd. Stifel Nicolaus reduced their price objective on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Finally, HSBC upgraded shares of Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Six analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $21.67.

Intel Stock Up 1.7%

Shares of NASDAQ INTC opened at $22.56 on Wednesday. Intel Co. has a 12-month low of $17.67 and a 12-month high of $37.16. The company has a market capitalization of $98.41 billion, a PE ratio of -5.15 and a beta of 1.15. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The firm’s 50-day moving average is $21.31 and its two-hundred day moving average is $21.70.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $12.67 billion for the quarter, compared to the consensus estimate of $12.26 billion. During the same quarter in the prior year, the firm posted $0.18 earnings per share. The company’s quarterly revenue was down .4% compared to the same quarter last year. Equities analysts anticipate that Intel Co. will post -0.11 EPS 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.