Naviter Wealth LLC Sells 17,284 Shares of Intel Co. (NASDAQ:INTC)

Naviter Wealth LLC trimmed its position in Intel Co. (NASDAQ:INTC - Free Report) by 31.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,314 shares of the chip maker's stock after selling 17,284 shares during the period. Naviter Wealth LLC's holdings in Intel were worth $768,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Rialto Wealth Management LLC bought a new stake in shares of Intel during the 4th quarter worth $56,000. Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of Intel during the 4th quarter worth $2,406,000. Banco Santander S.A. lifted its holdings in shares of Intel by 42.5% during the 4th quarter. Banco Santander S.A. now owns 292,611 shares of the chip maker's stock worth $5,867,000 after acquiring an additional 87,256 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of Intel by 16.3% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 184,802 shares of the chip maker's stock worth $4,089,000 after acquiring an additional 25,838 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. lifted its holdings in shares of Intel by 62.3% during the 4th quarter. Mesirow Financial Investment Management Inc. now owns 76,144 shares of the chip maker's stock worth $1,527,000 after acquiring an additional 29,240 shares during the last quarter. 64.53% of the stock is owned by institutional investors.

Intel Price Performance

INTC traded down $0.11 during trading on Friday, hitting $20.64. 80,961,008 shares of the company traded hands, compared to its average volume of 99,575,508. The company has a market cap of $89.37 billion, a PE ratio of -4.71 and a beta of 1.02. The stock's 50-day simple moving average is $21.30 and its two-hundred day simple moving average is $21.81. Intel Co. has a 1 year low of $18.51 and a 1 year high of $46.63. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.

Remove Ads

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Hsbc Global Res raised shares of Intel from a "moderate sell" rating to a "hold" rating in a report on Tuesday, January 21st. Wells Fargo & Company decreased their target price on shares of Intel from $28.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Friday, January 31st. Truist Financial decreased their target price on shares of Intel from $22.00 to $21.00 and set a "hold" rating on the stock in a research report on Friday, January 31st. UBS Group decreased their target price on shares of Intel from $26.00 to $23.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 21st. Finally, Stifel Nicolaus decreased their price objective on shares of Intel from $25.00 to $21.00 and set a "hold" rating on the stock in a research report on Friday, January 31st. Five research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $26.88.

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.