Intel Co. (NASDAQ:INTC) Shares Sold by RMR Wealth Builders

RMR Wealth Builders trimmed its stake in shares of Intel Co. (NASDAQ:INTC) by 23.6% in the 1st quarter, HoldingsChannel reports. The firm owned 11,885 shares of the chip maker’s stock after selling 3,680 shares during the quarter. RMR Wealth Builders’ holdings in Intel were worth $270,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of INTC. Synergy Investment Management LLC purchased a new stake in shares of Intel during the fourth quarter valued at $27,000. Vermillion Wealth Management Inc. purchased a new stake in shares of Intel during the fourth quarter valued at $27,000. BankPlus Trust Department purchased a new stake in shares of Intel during the fourth quarter valued at $28,000. Conquis Financial LLC purchased a new stake in shares of Intel during the fourth quarter valued at $32,000. Finally, Pillar Financial Advisors LLC purchased a new stake in shares of Intel during the fourth quarter valued at $34,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on INTC. Citigroup reissued a “sell” rating on shares of Intel in a research note on Friday, April 25th. Sanford C. Bernstein reduced their price objective on Intel from $25.00 to $21.00 and set a “market perform” rating for the company in a research note on Tuesday, April 22nd. UBS Group reduced their price objective on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, April 25th. JPMorgan Chase & Co. reduced their price objective on Intel from $23.00 to $20.00 and set an “underweight” rating for the company in a research note on Friday, April 25th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Intel in a research note on Friday, April 25th. Six 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $21.57.

Intel Stock Performance

Shares of NASDAQ INTC opened at $20.14 on Friday. 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 firm has a market cap of $87.85 billion, a price-to-earnings ratio of -4.60 and a beta of 1.12. The business’s 50-day simple moving average is $20.43 and its 200-day simple moving average is $21.16. Intel Co. has a 52 week low of $17.67 and a 52 week high of $37.16.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.12. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The business had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. During the same quarter in the prior year, the firm posted $0.18 EPS. The firm’s revenue for the quarter was down .4% on a year-over-year basis. As a group, equities research analysts expect that Intel Co. 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.