Alpha Omega Wealth Management LLC Reduces Holdings in Intel Co. (NASDAQ:INTC)

Alpha Omega Wealth Management LLC trimmed its position in Intel Co. (NASDAQ:INTC) by 13.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,021 shares of the chip maker’s stock after selling 15,309 shares during the period. Alpha Omega Wealth Management LLC’s holdings in Intel were worth $2,158,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Freestone Grove Partners LP acquired a new position in Intel during the fourth quarter worth approximately $62,654,000. Clifford Swan Investment Counsel LLC raised its stake in shares of Intel by 1.9% during the fourth quarter. Clifford Swan Investment Counsel LLC now owns 819,532 shares of the chip maker’s stock valued at $16,432,000 after purchasing an additional 15,214 shares during the period. Toronto Dominion Bank lifted its holdings in 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 buying an additional 7,806,882 shares in the last quarter. 180 Wealth Advisors LLC boosted its holdings in Intel by 124.9% in the first quarter. 180 Wealth Advisors LLC now owns 127,916 shares of the chip maker’s stock valued at $2,905,000 after purchasing an additional 71,049 shares during the last quarter. Finally, Alteri Wealth LLC purchased a new position in shares of Intel during the 4th quarter valued at approximately $2,379,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Performance

INTC stock opened at $22.08 on Wednesday. Intel Co. has a 52 week low of $17.67 and a 52 week high of $37.16. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The stock has a market cap of $96.31 billion, a P/E ratio of -5.04 and a beta of 1.12. The firm has a 50 day simple moving average of $20.35 and a 200 day simple moving average of $21.22.

Intel (NASDAQ:INTC) last announced its quarterly earnings results 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. The business had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The firm’s revenue was down .4% on a year-over-year basis. During the same period in the previous year, the company earned $0.18 EPS. Research analysts anticipate that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Cantor Fitzgerald lowered their price objective on Intel from $29.00 to $20.00 and set a “neutral” rating for the company in a report on Monday, April 21st. Barclays reissued a “reduce” rating on shares of Intel in a research note on Tuesday, April 22nd. Mizuho decreased their price target on Intel from $23.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday, April 25th. Sanford C. Bernstein lowered their price objective on shares of Intel from $25.00 to $21.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. lowered their target price on Intel from $23.00 to $20.00 and set an “underweight” rating on the stock in a report on Friday, April 25th. Six investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Intel presently has a consensus rating of “Hold” and a consensus price target of $21.57.

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.