Premier Path Wealth Partners LLC lessened its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 81.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,422 shares of the chip maker's stock after selling 57,881 shares during the period. Premier Path Wealth Partners LLC's holdings in Intel were worth $269,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Cyrus J. Lawrence LLC purchased a new position in Intel in the 2nd quarter valued at about $27,000. Quest Partners LLC lifted its position in shares of Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock valued at $30,000 after acquiring an additional 1,253 shares in the last quarter. West Financial Advisors LLC acquired a new stake in shares of Intel in the fourth quarter worth approximately $31,000. Groupama Asset Managment increased its position in shares of 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 purchasing an additional 8,084 shares in the last quarter. Finally, Sawyer & Company Inc acquired a new position in Intel in the 4th quarter valued at $32,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities research analysts have issued reports on the stock. Robert W. Baird lifted their target price 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. Bank of America restated an "underperform" rating and set a $21.00 price target on shares of Intel in a research report on Tuesday, December 3rd. Northland Securities cut their price objective on shares of Intel from $42.00 to $28.00 and set an "outperform" rating for the company in a report on Friday, November 1st. Rosenblatt Securities reissued a "sell" rating and issued a $17.00 target price on shares of Intel in a research note on Tuesday, October 29th. Finally, Needham & Company LLC restated a "hold" rating on shares of Intel in a research report on Friday, November 1st. Six analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $29.88.
Check Out Our Latest Analysis on Intel
Intel Stock Up 9.3 %
NASDAQ:INTC traded up $1.82 during trading hours on Monday, hitting $21.49. The company's stock had a trading volume of 163,396,661 shares, compared to its average volume of 50,908,592. Intel Co. has a 52-week low of $18.51 and a 52-week high of $50.30. 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 capitalization of $92.69 billion, a P/E ratio of -5.78, a price-to-earnings-growth ratio of 8.53 and a beta of 1.07. The stock has a fifty day moving average of $21.55 and a 200-day moving average of $23.27.
Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The business had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. Intel's revenue was down 6.3% on a year-over-year basis. During the same period last year, the business posted $0.28 EPS. On average, equities analysts forecast that Intel Co. will post -0.87 earnings per share for the current year.
Insider Activity
In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the sale, the executive vice president now owns 273,258 shares in the company, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.04% of the company's stock.
About Intel
(
Free Report)
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.
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