Visionary Wealth Advisors Lowers Stock Holdings in Intel Co. (NASDAQ:INTC)

Visionary Wealth Advisors lessened its stake in Intel Co. (NASDAQ:INTC) by 24.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 16,807 shares of the chip maker’s stock after selling 5,559 shares during the quarter. Visionary Wealth Advisors’ holdings in Intel were worth $337,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Finley Financial LLC acquired a new position in shares of Intel during the fourth quarter worth about $25,000. Synergy Investment Management LLC acquired a new position in Intel in the fourth quarter valued at approximately $27,000. BankPlus Trust Department acquired a new position in Intel in the fourth quarter valued at approximately $28,000. Keystone Financial Group Inc. acquired a new position in Intel in the fourth quarter valued at approximately $29,000. Finally, Conquis Financial LLC acquired a new position in Intel in the fourth quarter valued at approximately $32,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on INTC. Seaport Res Ptn raised Intel to a “strong sell” rating in a report on Wednesday, April 30th. Susquehanna lowered their price target on Intel from $24.00 to $22.00 and set a “neutral” rating for the company in a report on Wednesday, April 16th. JPMorgan Chase & Co. lowered their price target on Intel from $23.00 to $20.00 and set an “underweight” rating for the company in a report on Friday, April 25th. Barclays reaffirmed a “reduce” rating on shares of Intel in a report on Tuesday, April 22nd. Finally, Truist Financial lowered their price target on Intel from $22.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Six analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $21.57.

Intel Price Performance

Intel stock opened at $20.69 on Thursday. Intel Co. has a 12 month low of $17.67 and a 12 month high of $37.16. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The business has a 50 day simple moving average of $21.29 and a 200-day simple moving average of $21.66. The stock has a market capitalization of $90.25 billion, a PE ratio of -4.72 and a beta of 1.15.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, topping the consensus estimate of $0.01 by $0.12. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The business had revenue of $12.67 billion during the quarter, compared to analysts’ expectations of $12.26 billion. During the same quarter in the prior year, the business earned $0.18 earnings per share. The company’s quarterly revenue was down .4% compared to the same quarter last year. Equities analysts predict that Intel Co. will post -0.11 earnings per share for the current year.

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.