Good Life Advisors LLC Sells 16,122 Shares of Intel Co. (NASDAQ:INTC)

Good Life Advisors LLC lessened its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 49.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,432 shares of the chip maker's stock after selling 16,122 shares during the quarter. Good Life Advisors LLC's holdings in Intel were worth $329,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Foundations Investment Advisors LLC increased its stake in Intel by 5.4% during the 3rd quarter. Foundations Investment Advisors LLC now owns 31,071 shares of the chip maker's stock valued at $729,000 after purchasing an additional 1,589 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Intel by 3,505.0% during the third quarter. International Assets Investment Management LLC now owns 2,923,684 shares of the chip maker's stock valued at $68,590,000 after acquiring an additional 2,842,584 shares in the last quarter. Franklin Parlapiano Turner & Welch LLC raised its holdings in Intel by 6.5% in the 3rd quarter. Franklin Parlapiano Turner & Welch LLC now owns 213,629 shares of the chip maker's stock worth $5,012,000 after acquiring an additional 12,991 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in Intel by 32.2% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 10,387 shares of the chip maker's stock valued at $244,000 after acquiring an additional 2,531 shares in the last quarter. Finally, Lafayette Investments Inc. boosted its stake in Intel by 1.2% during the 3rd quarter. Lafayette Investments Inc. now owns 59,114 shares of the chip maker's stock valued at $1,387,000 after purchasing an additional 718 shares during the last quarter. Institutional investors own 64.53% of the company's stock.

Analyst Upgrades and Downgrades

INTC has been the subject of several recent analyst reports. HSBC upgraded Intel from a "reduce" rating to a "hold" rating in a research note on Tuesday, January 21st. Robert W. Baird upped their target price on shares of Intel from $20.00 to $25.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. Hsbc Global Res raised shares of Intel from a "moderate sell" rating to a "hold" rating in a report on Tuesday, January 21st. Roth Mkm decreased their price objective on shares of Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Finally, Wells Fargo & Company dropped their target price on shares of Intel from $28.00 to $25.00 and set an "equal weight" rating on the stock in a report on Friday, January 31st. Five investment analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, Intel has an average rating of "Hold" and a consensus target price of $26.88.

Intel Price Performance

Shares of Intel stock traded down $1.23 during trading hours on Friday, hitting $24.87. The company's stock had a trading volume of 111,281,705 shares, compared to its average volume of 98,030,531. The company has a market cap of $107.67 billion, a PE ratio of -5.68 and a beta of 1.08. 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 business has a 50 day moving average price of $20.75 and a two-hundred day moving average price of $21.62. Intel Co. has a 12-month low of $18.51 and a 12-month high of $46.63.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Analysts expect that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Intel 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.