Liberty Wealth Management LLC Sells 976 Shares of Intel Co. (NASDAQ:INTC)

Liberty Wealth Management LLC decreased its holdings in Intel Co. (NASDAQ:INTC) by 8.3% in the fourth quarter, Holdings Channel reports. The firm owned 10,752 shares of the chip maker’s stock after selling 976 shares during the quarter. Liberty Wealth Management LLC’s holdings in Intel were worth $216,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of INTC. Finley Financial LLC bought a new stake in shares of Intel in the fourth quarter worth $25,000. Synergy Investment Management LLC bought a new stake in shares of Intel in the fourth quarter worth $27,000. BankPlus Trust Department bought a new stake in shares of Intel in the fourth quarter worth $28,000. Keystone Financial Group Inc. bought a new stake in shares of Intel in the fourth quarter worth $29,000. Finally, Quest Partners LLC grew its holdings in shares of Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after acquiring an additional 1,253 shares during the period. Institutional investors own 64.53% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on INTC shares. Barclays cut their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. UBS Group cut their price objective on Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Bank of America reaffirmed an “underperform” rating and issued a $21.00 price objective on shares of Intel in a report on Tuesday, December 3rd. Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Finally, HSBC raised Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Five research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Intel presently has a consensus rating of “Hold” and an average target price of $26.88.

Intel Price Performance

Shares of Intel stock opened at $20.68 on Thursday. The stock has a 50 day moving average of $21.31 and a 200 day moving average of $21.80. Intel Co. has a 12 month low of $18.51 and a 12 month high of $45.41. The firm has a market cap of $89.54 billion, a PE ratio of -4.72 and a beta of 1.02. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. On average, research analysts expect that Intel Co. will post -0.11 EPS for the current fiscal 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.