Intel Co. (NASDAQ:INTC) Shares Sold by Premier Path Wealth Partners LLC

Premier Path Wealth Partners LLC trimmed its holdings in Intel Co. (NASDAQ:INTC) by 81.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 13,422 shares of the chip maker’s stock after selling 57,881 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in Intel were worth $269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also bought and sold shares of INTC. Cyrus J. Lawrence LLC acquired a new position in Intel during the second quarter worth $27,000. Quest Partners LLC increased its stake in shares of Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 1,253 shares during the last quarter. West Financial Advisors LLC bought a new position in Intel in the 4th quarter valued at approximately $31,000. Groupama Asset Managment raised its position in Intel by 6.3% in the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock valued at $32,000 after purchasing an additional 8,084 shares during the last quarter. Finally, Sawyer & Company Inc acquired a new position in shares of Intel during the fourth quarter worth $32,000. Institutional investors own 64.53% of the company’s stock.

Intel Stock Up 9.3 %

NASDAQ INTC opened at $21.49 on Monday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. Intel Co. has a 12 month low of $18.51 and a 12 month high of $50.30. The stock’s 50 day moving average is $21.55 and its 200 day moving average is $23.27. The stock has a market cap of $92.69 billion, a PE ratio of -5.78, a P/E/G ratio of 8.53 and a beta of 1.07.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). The company had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. Intel’s revenue was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.28 EPS. Research analysts predict that Intel Co. will post -0.87 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Northland Securities lowered their target price on shares of Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Truist Financial upped their price objective on shares of Intel from $25.00 to $26.00 and gave the company a “hold” rating in a report on Friday, November 1st. The Goldman Sachs Group dropped their price objective on Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research note on Thursday, October 17th. Rosenblatt Securities reissued a “sell” rating and set a $17.00 price objective on shares of Intel in a research report on Tuesday, October 29th. Finally, Benchmark restated a “hold” rating on shares of Intel in a report on Friday, November 1st. Six equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $29.88.

Insider Transactions at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the sale, the executive vice president now owns 273,258 shares of the company’s stock, valued at $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.04% of the company’s stock.

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.