Intel Co. (NASDAQ:INTC) Shares Sold by Wealthfront Advisers LLC

Wealthfront Advisers LLC trimmed its position in shares of Intel Co. (NASDAQ:INTC - Free Report) by 58.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,895 shares of the chip maker's stock after selling 106,416 shares during the quarter. Wealthfront Advisers LLC's holdings in Intel were worth $1,522,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in INTC. Finley Financial LLC purchased a new position in shares of Intel in the fourth quarter valued at approximately $25,000. Synergy Investment Management LLC acquired a new position in Intel during the fourth quarter worth about $27,000. BankPlus Trust Department purchased a new stake in Intel during the 4th quarter valued at about $28,000. Keystone Financial Group Inc. acquired a new stake in Intel in the 4th quarter valued at about $29,000. Finally, Quest Partners LLC lifted its stake in Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock worth $30,000 after purchasing an additional 1,253 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on INTC. Cantor Fitzgerald increased their price target on Intel from $22.00 to $29.00 and gave the company a "neutral" rating in a report on Tuesday, February 18th. Barclays cut their price objective on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research report on Friday, January 17th. Citigroup cut their price target on shares of Intel from $22.00 to $21.00 and set a "neutral" rating for the company in a report on Tuesday, January 21st. JPMorgan Chase & Co. decreased their price objective on Intel from $26.00 to $23.00 and set an "underweight" rating on the stock in a report on Friday, January 31st. Finally, Wells Fargo & Company reduced their target price on Intel from $28.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $27.04.

Remove Ads

Intel Stock Up 0.9 %

Shares of INTC stock traded up $0.23 on Tuesday, reaching $25.92. 132,200,042 shares of the stock were exchanged, compared to its average volume of 71,244,637. The company has a market capitalization of $112.23 billion, a price-to-earnings ratio of -5.92 and a beta of 1.02. The business's 50 day moving average price is $21.56 and its 200 day moving average price is $21.90. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. Intel Co. has a twelve month low of $18.51 and a twelve month high of $45.41.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. As a group, sell-side 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.