Net Worth Advisory Group Sells 695 Shares of Intel Co. (NASDAQ:INTC)

Net Worth Advisory Group lessened its position in shares of Intel Co. (NASDAQ:INTC) by 5.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,632 shares of the chip maker’s stock after selling 695 shares during the period. Net Worth Advisory Group’s holdings in Intel were worth $253,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in INTC. Dunhill Financial LLC lifted its holdings in Intel by 22.6% during the third quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock valued at $56,000 after purchasing an additional 438 shares during the last quarter. Beaton Management Co. Inc. raised its position in shares of Intel by 2.2% in 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 period. CFM Wealth Partners LLC lifted its stake 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 buying an additional 500 shares in the last quarter. Wealth Quarterback LLC lifted its stake in shares of Intel by 2.0% during the 4th 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 in the last quarter. Finally, Missouri Trust & Investment Co boosted its holdings in Intel by 3.6% in the 4th quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker’s stock worth $314,000 after buying an additional 550 shares during the period. Institutional investors own 64.53% of the company’s stock.

Intel Stock Down 0.8 %

Shares of NASDAQ INTC opened at $19.78 on Wednesday. The stock has a market capitalization of $85.65 billion, a P/E ratio of -4.52 and a beta of 1.02. Intel Co. has a one year low of $18.51 and a one year high of $45.41. The firm’s 50 day simple moving average is $21.29 and its two-hundred day simple moving average is $21.81. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98.

Intel (NASDAQ:INTC) last released its 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 net margin of 35.32% and a negative return on equity of 3.27%. As a group, analysts expect that Intel Co. will post -0.11 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on INTC shares. Cantor Fitzgerald increased their target price on Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th. UBS Group dropped their price objective on Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Needham & Company LLC reissued a “hold” rating on shares of Intel in a report on Friday, January 31st. Finally, Rosenblatt Securities restated a “sell” rating and issued a $20.00 price objective on shares of Intel in a research report on Thursday, January 30th. Five equities research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Intel currently has an average rating of “Hold” and an average price target of $26.88.

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.