Intel Co. (NASDAQ:INTC) Shares Sold by Romano Brothers AND Company

Romano Brothers AND Company cut its position in Intel Co. (NASDAQ:INTC - Free Report) by 58.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,935 shares of the chip maker's stock after selling 37,602 shares during the quarter. Romano Brothers AND Company's holdings in Intel were worth $540,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of INTC. Aaron Wealth Advisors LLC increased its position in Intel by 3.1% during the 4th quarter. Aaron Wealth Advisors LLC now owns 20,595 shares of the chip maker's stock valued at $413,000 after buying an additional 611 shares in the last quarter. BNC Wealth Management LLC increased its holdings in shares of Intel by 40.4% during the fourth quarter. BNC Wealth Management LLC now owns 19,000 shares of the chip maker's stock valued at $381,000 after acquiring an additional 5,466 shares in the last quarter. Udine Wealth Management Inc. raised its position in shares of Intel by 2.0% in the 4th quarter. Udine Wealth Management Inc. now owns 94,519 shares of the chip maker's stock valued at $1,895,000 after purchasing an additional 1,851 shares during the last quarter. Ballew Advisors Inc boosted its stake in Intel by 10.5% in the 4th quarter. Ballew Advisors Inc now owns 13,815 shares of the chip maker's stock worth $265,000 after purchasing an additional 1,308 shares in the last quarter. Finally, Krilogy Financial LLC purchased a new stake in Intel during the 4th quarter worth approximately $253,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a research note on Friday, November 1st. Northland Securities dropped their price target on Intel from $42.00 to $28.00 and set an "outperform" rating on the stock in a research note on Friday, November 1st. Robert W. Baird raised their price objective on 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 reiterated an "underperform" rating and issued a $21.00 target price on shares of Intel in a research report on Tuesday, December 3rd. Finally, Mizuho reduced their price target on shares of Intel from $23.00 to $21.00 and set a "neutral" rating for the company in a research report on Friday, January 10th. Six research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $29.88.

Intel Price Performance

INTC traded up $1.82 on Monday, reaching $21.49. 163,396,661 shares of the company's stock were exchanged, compared to its average volume of 50,908,592. Intel Co. has a twelve month low of $18.51 and a twelve month high of $50.30. The stock 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 debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The stock's fifty day moving average price is $21.55 and its 200-day moving average price is $23.27.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.44). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The company had revenue of $13.30 billion during the quarter, compared to analysts' expectations of $13.02 billion. During the same quarter last year, the company earned $0.28 earnings per share. Intel's revenue for the quarter was down 6.3% on a year-over-year basis. Sell-side analysts expect that Intel Co. will post -0.87 EPS for the current year.

Insider Transactions at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the transaction, the executive vice president now directly owns 273,258 shares in the company, valued at approximately $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.04% of the company's stock.

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.