Intel Co. (NASDAQ:INTC) Shares Sold by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC lowered its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 62.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,249 shares of the chip maker's stock after selling 62,708 shares during the quarter. Wealthcare Advisory Partners LLC's holdings in Intel were worth $747,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Avanza Fonder AB purchased a new stake in Intel in the 4th quarter valued at about $10,557,000. Empirical Asset Management LLC purchased a new stake in shares of Intel in the 4th quarter valued at approximately $276,000. Central Valley Advisors LLC boosted its position in shares of Intel by 6.5% during the 4th quarter. Central Valley Advisors LLC now owns 12,994 shares of the chip maker's stock worth $261,000 after purchasing an additional 788 shares during the period. Mirador Capital Partners LP increased its holdings in Intel by 1.5% in the 4th quarter. Mirador Capital Partners LP now owns 103,687 shares of the chip maker's stock valued at $2,079,000 after purchasing an additional 1,566 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in Intel by 33.9% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 13,906 shares of the chip maker's stock worth $279,000 after purchasing an additional 3,519 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Stock Performance

Shares of Intel stock traded up $1.82 during trading on Monday, reaching $21.49. The company's stock had a trading volume of 163,396,661 shares, compared to its average volume of 50,908,592. The firm has a market cap of $92.69 billion, a PE ratio of -5.78, a P/E/G ratio of 8.53 and a beta of 1.07. The company has a 50-day moving average price of $21.55 and a two-hundred day moving average price of $23.27. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $50.30.

Intel (NASDAQ:INTC - Get Free Report) last announced its 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). The business had revenue of $13.30 billion during the quarter, compared to analysts' expectations of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. Intel's quarterly revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.28 earnings per share. On average, analysts forecast that Intel Co. will post -0.87 EPS for the current year.

Wall Street Analysts Forecast Growth

INTC has been the topic of several research analyst reports. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a report on Friday, November 1st. Truist Financial lifted their price objective on shares of Intel from $25.00 to $26.00 and gave the company a "hold" rating in a report on Friday, November 1st. The Goldman Sachs Group reduced their target price on shares of Intel from $22.00 to $21.00 and set a "sell" rating on the stock in a report on Thursday, October 17th. Robert W. Baird boosted their price target on shares of Intel from $20.00 to $25.00 and gave the stock a "neutral" rating in a research note on Friday, November 1st. Finally, Mizuho reduced their price objective on Intel from $23.00 to $21.00 and set a "neutral" rating on the stock in a research note on Friday, January 10th. Six analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $29.88.

Insider Buying and Selling at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value of $650,000.00. Following the sale, the executive vice president now owns 273,258 shares of the company's stock, valued at $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.04% of the company's stock.

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.