Ritholtz Wealth Management trimmed its holdings in shares of Intel Co. (NASDAQ:INTC – Free Report) by 17.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,784 shares of the chip maker’s stock after selling 4,051 shares during the period. Ritholtz Wealth Management’s holdings in Intel were worth $397,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mirador Capital Partners LP boosted its holdings in Intel by 1.5% during the fourth quarter. Mirador Capital Partners LP now owns 103,687 shares of the chip maker’s stock worth $2,079,000 after buying an additional 1,566 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Intel by 33.9% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 13,906 shares of the chip maker’s stock worth $279,000 after buying an additional 3,519 shares during the last quarter. West Financial Advisors LLC bought a new position in shares of Intel in the 4th quarter valued at about $31,000. Sawyer & Company Inc acquired a new stake in shares of Intel in the fourth quarter valued at about $32,000. Finally, Armstrong Advisory Group Inc. raised its holdings in Intel by 28.9% during the fourth quarter. Armstrong Advisory Group Inc. now owns 7,383 shares of the chip maker’s stock worth $148,000 after acquiring an additional 1,657 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.
Analyst Upgrades and Downgrades
INTC has been the subject of a number of analyst reports. Stifel Nicolaus restated a “hold” rating and issued a $25.00 price target (down from $28.00) on shares of Intel in a research note on Friday, October 25th. HSBC upgraded shares of Intel from a “reduce” rating to a “hold” rating in a report on Tuesday. Robert W. Baird increased their price target 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. Benchmark restated a “hold” rating on shares of Intel in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Intel from $27.00 to $25.00 and set a “hold” rating for the company in a research note on Thursday, October 3rd. Five analysts have rated the stock with a sell rating, twenty-six have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $28.81.
Insider Buying and Selling
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 sale, the executive vice president now directly owns 273,258 shares in the company, valued at $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.04% of the stock is owned by corporate insiders.
Intel Stock Performance
Intel stock opened at $21.77 on Wednesday. The business has a 50 day moving average of $21.48 and a 200-day moving average of $23.20. The company has a market capitalization of $93.89 billion, a P/E ratio of -5.85, a P/E/G ratio of 9.46 and a beta of 1.07. Intel Co. has a 1 year low of $18.51 and a 1 year high of $50.30. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97.
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 (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The business had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The company’s revenue was down 6.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.28 earnings per share. On average, equities research analysts predict that Intel Co. will post -0.87 earnings per share for the current year.
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.
See Also
- Five stocks we like better than Intel
- What is the Hang Seng index?
- SAP’s Strong Momentum: A Bullish Setup for Investors
- NYSE Stocks Give Investors a Variety of Quality Options
- BlackRock Breaks Records: Why the Stock Still Has Room to Run
- Breakout Stocks: What They Are and How to Identify Them
- Duke vs. NRG: Which Energy Stock Will Power Higher Gains?
Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Co. (NASDAQ:INTC – Free Report).
Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.