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

Cyndeo Wealth Partners LLC trimmed its holdings in shares of Intel Co. (NASDAQ:INTC) by 36.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,858 shares of the chip maker’s stock after selling 9,853 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Intel were worth $338,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Accel Wealth Management lifted its holdings in shares of Intel by 109.8% during the 4th quarter. Accel Wealth Management now owns 50,454 shares of the chip maker’s stock valued at $1,012,000 after acquiring an additional 26,411 shares in the last quarter. Atlas Private Wealth Advisors lifted its stake in shares of Intel by 75.4% during the fourth quarter. Atlas Private Wealth Advisors now owns 16,569 shares of the chip maker’s stock worth $332,000 after purchasing an additional 7,124 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Intel by 2.1% in the fourth quarter. Exchange Traded Concepts LLC now owns 279,031 shares of the chip maker’s stock worth $5,595,000 after buying an additional 5,616 shares during the period. CX Institutional acquired a new stake in shares of Intel in the fourth quarter valued at about $153,000. Finally, Southland Equity Partners LLC acquired a new position in Intel during the 4th quarter worth approximately $608,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Bank of America reaffirmed an “underperform” rating and issued a $21.00 price objective on shares of Intel in a research report on Tuesday, December 3rd. Benchmark reaffirmed a “hold” rating on shares of Intel in a research note on Friday, November 1st. Mizuho decreased their price objective on shares of Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Rosenblatt Securities reiterated a “sell” rating and issued a $17.00 price target on shares of Intel in a research note on Tuesday, October 29th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $25.00 price target (down previously from $28.00) on shares of Intel in a research report on Friday, October 25th. Five research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $27.88.

Intel Trading Down 3.4 %

Intel stock opened at $20.83 on Monday. Intel Co. has a 52-week low of $18.51 and a 52-week high of $50.30. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $89.84 billion, a price-to-earnings ratio of -5.60, a PEG ratio of 9.72 and a beta of 1.07. The firm has a 50-day moving average price of $21.23 and a two-hundred day moving average price of $22.93.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). The business had revenue of $13.30 billion during 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%. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period last year, the company earned $0.28 earnings per share. Sell-side analysts expect that Intel Co. will post -0.87 earnings per share for the current year.

Intel 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.