Intel Co. (NASDAQ:INTC) Shares Sold by Regal Investment Advisors LLC

Regal Investment Advisors LLC decreased its stake in shares of Intel Co. (NASDAQ:INTC) by 70.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,197 shares of the chip maker’s stock after selling 29,189 shares during the period. Regal Investment Advisors LLC’s holdings in Intel were worth $245,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Federated Hermes Inc. increased its stake in shares of Intel by 0.3% during the fourth quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker’s stock valued at $3,263,000 after acquiring an additional 456 shares during the period. CFM Wealth Partners LLC increased its position in shares of Intel by 4.0% during the 4th quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker’s stock valued at $263,000 after purchasing an additional 500 shares during the period. Ausdal Financial Partners Inc. raised its stake in shares of Intel by 2.0% in the 4th quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker’s stock worth $501,000 after buying an additional 500 shares in the last quarter. Wealth Quarterback LLC lifted its holdings in shares of Intel by 2.0% in the fourth quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker’s stock valued at $510,000 after buying an additional 508 shares during the period. Finally, Missouri Trust & Investment Co boosted its stake in Intel by 3.6% during the fourth quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker’s stock valued at $314,000 after buying an additional 550 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Intel Trading Down 1.6 %

Shares of NASDAQ:INTC opened at $18.93 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The stock’s 50-day moving average is $22.38 and its 200-day moving average is $21.99. The company has a market cap of $82.55 billion, a P/E ratio of -4.32 and a beta of 1.13. Intel Co. has a 52-week low of $17.67 and a 52-week high of $37.16.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) 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%. Equities research analysts predict that Intel Co. will post -0.11 earnings per share for the current year.

Wall Street Analyst Weigh In

INTC has been the subject of several research reports. JPMorgan Chase & Co. reduced their price objective on shares of Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Wells Fargo & Company reduced their target price on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Stifel Nicolaus cut their price objective on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Needham & Company LLC restated a “hold” rating on shares of Intel in a report on Monday. Finally, Truist Financial reduced their target price on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $25.38.

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.