Wealth Management Solutions LLC Sells 1,260 Shares of Intel Co. (NASDAQ:INTC)

Wealth Management Solutions LLC decreased its holdings in shares of Intel Co. (NASDAQ:INTC – Get Rating) by 5.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,777 shares of the chip maker’s stock after selling 1,260 shares during the period. Wealth Management Solutions LLC’s holdings in Intel were worth $561,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Apeiron RIA LLC acquired a new position in Intel during the 2nd quarter worth approximately $26,000. Grayhawk Investment Strategies Inc. acquired a new position in Intel during the 2nd quarter worth approximately $36,000. Steward Financial Group LLC raised its stake in Intel by 667.0% during the 2nd quarter. Steward Financial Group LLC now owns 790 shares of the chip maker’s stock worth $29,000 after buying an additional 687 shares during the period. Lumature Wealth Partners LLC raised its stake in Intel by 146.7% during the 1st quarter. Lumature Wealth Partners LLC now owns 824 shares of the chip maker’s stock worth $41,000 after buying an additional 490 shares during the period. Finally, Islay Capital Management LLC acquired a new position in Intel during the 3rd quarter worth approximately $26,000. 59.48% of the stock is owned by institutional investors and hedge funds.

Intel Price Performance

Shares of NASDAQ INTC opened at $29.56 on Wednesday. The stock has a fifty day simple moving average of $28.42 and a two-hundred day simple moving average of $30.46. Intel Co. has a 1-year low of $24.59 and a 1-year high of $52.72. The firm has a market cap of $121.99 billion, a price-to-earnings ratio of 9.21, a price-to-earnings-growth ratio of 2.26 and a beta of 0.77. The company has a current ratio of 1.77, a quick ratio of 1.31 and a debt-to-equity ratio of 0.37.

Intel (NASDAQ:INTC – Get Rating) last announced its quarterly earnings data on Thursday, October 27th. The chip maker reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.25. Intel had a return on equity of 11.67% and a net margin of 19.13%. The business had revenue of $15.34 billion during the quarter, compared to analyst estimates of $15.49 billion. Analysts anticipate that Intel Co. will post 1.95 earnings per share for the current year.

Insider Transactions at Intel

In related news, Director Lip Bu Tan purchased 48,146 shares of the business’s stock in a transaction dated Tuesday, November 8th. The stock was purchased at an average cost of $27.98 per share, with a total value of $1,347,125.08. Following the completion of the acquisition, the director now directly owns 50,500 shares of the company’s stock, valued at $1,412,990. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Intel news, CEO Patrick P. Gelsinger acquired 8,830 shares of the stock in a transaction that occurred on Monday, October 31st. The shares were bought at an average price of $28.16 per share, for a total transaction of $248,652.80. Following the completion of the transaction, the chief executive officer now owns 96,049 shares of the company’s stock, valued at approximately $2,704,739.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lip Bu Tan acquired 48,146 shares of the stock in a transaction that occurred on Tuesday, November 8th. The stock was acquired at an average price of $27.98 per share, for a total transaction of $1,347,125.08. Following the transaction, the director now directly owns 50,500 shares of the company’s stock, valued at approximately $1,412,990. The disclosure for this purchase can be found here. Insiders purchased 58,830 shares of company stock valued at $1,646,744 over the last three months. Company insiders own 0.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on INTC shares. Rosenblatt Securities dropped their price target on Intel from $30.00 to $20.00 and set a “sell” rating on the stock in a research note on Friday, October 28th. StockNews.com began coverage on Intel in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Cowen began coverage on Intel in a research note on Monday, November 21st. They issued a “market perform” rating and a $31.00 price objective for the company. JPMorgan Chase & Co. set a $32.00 price objective on Intel in a research note on Tuesday, January 17th. Finally, Cowen began coverage on Intel in a research note on Monday, November 21st. They issued a “market perform” rating and a $31.00 price objective for the company. Ten equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Intel has an average rating of “Hold” and a consensus target price of $32.29.

Intel Company Profile

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Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Programmable Solutions (PSG), and All Other.