Kingswood Wealth Advisors LLC Sells 13,075 Shares of Intel Co. (NASDAQ:INTC)

Kingswood Wealth Advisors LLC lowered its stake in shares of Intel Co. (NASDAQ:INTC - Free Report) by 18.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,241 shares of the chip maker's stock after selling 13,075 shares during the period. Kingswood Wealth Advisors LLC's holdings in Intel were worth $1,128,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in INTC. Finley Financial LLC bought a new stake in Intel during the fourth quarter worth $25,000. Quest Partners LLC raised its holdings in shares of Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock valued at $30,000 after purchasing an additional 1,253 shares during the period. West Financial Advisors LLC bought a new position in Intel during the fourth quarter worth about $31,000. Groupama Asset Managment increased its position in Intel by 6.3% during the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker's stock worth $32,000 after buying an additional 8,084 shares during the last quarter. Finally, Sawyer & Company Inc bought a new stake in Intel in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 64.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on INTC. The Goldman Sachs Group reduced their target price on Intel from $22.00 to $21.00 and set a "sell" rating for the company in a research note on Thursday, October 17th. Benchmark reiterated a "hold" rating on shares of Intel in a report on Friday. Stifel Nicolaus cut their target price on shares of Intel from $25.00 to $21.00 and set a "hold" rating for the company in a research note on Friday. Roth Mkm reduced their target price on shares of Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a report on Friday. Finally, HSBC raised shares of Intel from a "reduce" rating to a "hold" rating in a report on Tuesday, January 21st. Five research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $26.60.

Insider Activity

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of the transaction, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. This trade represents a 8.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.04% of the stock is owned by corporate insiders.

Intel Price Performance

Intel stock traded down $0.58 during midday trading on Friday, reaching $19.43. The company's stock had a trading volume of 117,031,534 shares, compared to its average volume of 62,393,976. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. The stock has a market cap of $83.80 billion, a PE ratio of -5.22, a price-to-earnings-growth ratio of 9.64 and a beta of 1.07. Intel Co. has a 52 week low of $18.51 and a 52 week high of $46.63. The business has a 50-day moving average price of $20.78 and a 200-day moving average price of $22.51.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings results 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 net margin of 29.42% and a negative return on equity of 1.71%. On average, sell-side analysts predict that Intel Co. will post -0.87 EPS for the current 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.