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

Wealthspire Advisors LLC lessened its stake in shares of Intel Co. (NASDAQ:INTC) by 4.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 58,029 shares of the chip maker’s stock after selling 2,768 shares during the quarter. Wealthspire Advisors LLC’s holdings in Intel were worth $1,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of INTC. Finley Financial LLC purchased a new position in Intel during the 4th quarter worth $25,000. Keystone Financial Group Inc. acquired a new position in shares of Intel during the fourth quarter worth about $29,000. Quest Partners LLC raised its holdings in Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after purchasing an additional 1,253 shares in the last quarter. West Financial Advisors LLC acquired a new stake in Intel in the fourth quarter valued at about $31,000. Finally, Groupama Asset Managment boosted its holdings in Intel by 6.3% in the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock valued at $32,000 after purchasing an additional 8,084 shares in the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Stock Performance

Shares of INTC opened at $24.27 on Tuesday. Intel Co. has a 1 year low of $18.51 and a 1 year high of $46.63. The company’s 50 day simple moving average is $20.91 and its 200 day simple moving average is $21.71. The company has a market capitalization of $105.09 billion, a price-to-earnings ratio of -5.54 and a beta of 1.08. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. On average, sell-side analysts predict that Intel Co. will post -0.11 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on INTC. Bank of America reissued an “underperform” rating and set a $21.00 target price on shares of Intel in a research note on Tuesday, December 3rd. Robert W. Baird increased their price objective on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Stifel Nicolaus decreased their target price on shares of Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Northland Securities cut their price target 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. Finally, Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Five equities 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $26.88.

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.