Cornerstone Wealth Group LLC Sells 16,979 Shares of Intel Co. (NASDAQ:INTC)

Cornerstone Wealth Group LLC trimmed its position in shares of Intel Co. (NASDAQ:INTC - Free Report) by 57.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,532 shares of the chip maker's stock after selling 16,979 shares during the period. Cornerstone Wealth Group LLC's holdings in Intel were worth $251,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Dunhill Financial LLC lifted its position in Intel by 22.6% during the third quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker's stock valued at $56,000 after buying an additional 438 shares during the period. MKT Advisors LLC raised its position in shares of Intel by 4.8% in the 3rd quarter. MKT Advisors LLC now owns 10,762 shares of the chip maker's stock worth $241,000 after purchasing an additional 490 shares during the last quarter. Beaton Management Co. Inc. raised its position in shares of Intel by 2.2% in the 3rd quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker's stock worth $544,000 after purchasing an additional 500 shares during the last quarter. Everpar Advisors LLC raised its position in shares of Intel by 5.1% in the 3rd quarter. Everpar Advisors LLC now owns 10,326 shares of the chip maker's stock worth $242,000 after purchasing an additional 504 shares during the last quarter. Finally, Missouri Trust & Investment Co raised its position in shares of Intel by 3.6% in the 4th quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker's stock worth $314,000 after purchasing an additional 550 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the sale, the executive vice president now directly owns 273,258 shares of the company's stock, valued at $7,104,708. This represents a 8.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.04% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. UBS Group lowered their price target on Intel from $26.00 to $23.00 and set a "neutral" rating for the company in a research report on Tuesday, January 21st. Benchmark reaffirmed a "hold" rating on shares of Intel in a research report on Friday, November 1st. Hsbc Global Res upgraded Intel from a "moderate sell" rating to a "hold" rating in a report on Tuesday, January 21st. Rosenblatt Securities reiterated a "sell" rating and issued a $17.00 price objective on shares of Intel in a report on Tuesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Intel from $27.00 to $25.00 and set a "hold" rating for the company in a report on Thursday, October 3rd. Five research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $27.88.

Intel Price Performance

NASDAQ INTC traded down $0.49 during trading hours on Tuesday, reaching $19.80. The company's stock had a trading volume of 73,195,542 shares, compared to its average volume of 68,301,586. The firm's 50-day moving average price is $21.14 and its 200-day moving average price is $22.76. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. Intel Co. has a 1 year low of $18.51 and a 1 year high of $46.63. The company has a market capitalization of $85.40 billion, a price-to-earnings ratio of -5.32, a PEG ratio of 9.72 and a beta of 1.07.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.44). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The business had revenue of $13.30 billion during the quarter, compared to analysts' expectations of $13.02 billion. During the same period in the prior year, the firm posted $0.28 earnings per share. The firm's revenue for the quarter was down 6.3% on a year-over-year basis. On average, equities research analysts predict that Intel Co. will post -0.87 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.