RMR Wealth Builders lowered its stake in Intel Co. (NASDAQ:INTC – Free Report) by 39.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,565 shares of the chip maker’s stock after selling 10,347 shares during the period. RMR Wealth Builders’ holdings in Intel were worth $312,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of INTC. Dunhill Financial LLC boosted its position in shares of Intel by 22.6% in the third quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock worth $56,000 after buying an additional 438 shares during the period. MKT Advisors LLC boosted its stake in shares of Intel by 4.8% during the 3rd quarter. MKT Advisors LLC now owns 10,762 shares of the chip maker’s stock worth $241,000 after acquiring an additional 490 shares in the last quarter. Beaton Management Co. Inc. grew its holdings in Intel by 2.2% during the third quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock valued at $544,000 after purchasing an additional 500 shares during the last quarter. Everpar Advisors LLC raised its holdings in Intel by 5.1% in the 3rd quarter. Everpar Advisors LLC now owns 10,326 shares of the chip maker’s stock worth $242,000 after acquiring an additional 504 shares during the period. Finally, Lavaca Capital LLC lifted its position in shares of Intel by 4.7% during the 2nd quarter. Lavaca Capital LLC now owns 11,796 shares of the chip maker’s stock worth $365,000 after purchasing an additional 530 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on INTC. The Goldman Sachs Group lowered their price objective on shares of Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a research note on Thursday, October 17th. Deutsche Bank Aktiengesellschaft decreased their price objective on Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a report on Thursday, October 3rd. Robert W. Baird boosted their target price on shares of Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Bank of America reiterated an “underperform” rating and set a $21.00 target price on shares of Intel in a research report on Tuesday, December 3rd. Finally, Needham & Company LLC reiterated 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 issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $29.96.
Intel Stock Performance
Shares of INTC stock opened at $19.15 on Friday. 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 company has a fifty day moving average price of $22.03 and a two-hundred day moving average price of $23.75. The stock has a market cap of $82.59 billion, a P/E ratio of -5.15 and a beta of 1.07. Intel Co. has a one year low of $18.51 and a one year high of $50.30.
Intel (NASDAQ:INTC – Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The business had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. During the same period last year, the firm earned $0.28 EPS. Intel’s quarterly revenue was down 6.3% compared to the same quarter last year. As a group, equities analysts predict 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 business’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 completion of the sale, the executive vice president now directly 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.04% of the company’s stock.
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.
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