Principle Wealth Partners LLC Sells 67,019 Shares of Intel Co. (NASDAQ:INTC)

Principle Wealth Partners LLC lessened its holdings in Intel Co. (NASDAQ:INTC) by 75.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,278 shares of the chip maker’s stock after selling 67,019 shares during the quarter. Principle Wealth Partners LLC’s holdings in Intel were worth $447,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in INTC. Finley Financial LLC bought a new stake in shares of Intel in the fourth quarter worth $25,000. Keystone Financial Group Inc. acquired a new position in Intel during the fourth quarter worth $29,000. Quest Partners LLC increased 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 buying an additional 1,253 shares during the last quarter. West Financial Advisors LLC acquired a new position in Intel during the fourth quarter worth $31,000. Finally, Groupama Asset Managment increased its holdings in Intel by 6.3% during the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after buying an additional 8,084 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Trading Up 6.1 %

INTC opened at $20.97 on Wednesday. Intel Co. has a twelve month low of $18.51 and a twelve month high of $46.63. The company has a 50-day simple moving average of $20.23 and a 200 day simple moving average of $21.78. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $90.80 billion, a price-to-earnings ratio of -4.79 and a beta of 1.08.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Analysts predict that Intel Co. will post -0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Bank of America restated an “underperform” rating and set a $21.00 target price on shares of Intel in a report on Tuesday, December 3rd. Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. lowered their target price on shares of Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. Truist Financial lowered their target price on shares of Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Finally, Mizuho lowered their target price on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Five investment analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $26.60.

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.