Calamos Wealth Management LLC Reduces Stake in Intel Co. (NASDAQ:INTC)

Calamos Wealth Management LLC cut its holdings in shares of Intel Co. (NASDAQ:INTC) by 26.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,208 shares of the chip maker’s stock after selling 8,559 shares during the quarter. Calamos Wealth Management LLC’s holdings in Intel were worth $465,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Optas LLC raised its holdings in shares of Intel by 4.2% during the fourth quarter. Optas LLC now owns 24,852 shares of the chip maker’s stock worth $498,000 after purchasing an additional 993 shares during the last quarter. Rheos Capital Works Inc. grew its position in Intel by 12.1% during the 4th quarter. Rheos Capital Works Inc. now owns 277,000 shares of the chip maker’s stock worth $5,554,000 after purchasing an additional 30,000 shares during the period. Princeton Global Asset Management LLC raised its stake in shares of Intel by 86.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 3,416 shares of the chip maker’s stock valued at $68,000 after buying an additional 1,585 shares during the last quarter. HHM Wealth Advisors LLC lifted its holdings in shares of Intel by 18.2% in the 4th quarter. HHM Wealth Advisors LLC now owns 9,128 shares of the chip maker’s stock valued at $183,000 after buying an additional 1,406 shares during the period. Finally, Willis Investment Counsel grew its holdings in Intel by 0.8% during the fourth quarter. Willis Investment Counsel now owns 300,787 shares of the chip maker’s stock worth $6,031,000 after acquiring an additional 2,322 shares during the period. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Intel Price Performance

Shares of INTC stock opened at $19.29 on Wednesday. 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 company has a market capitalization of $83.20 billion, a PE ratio of -4.40, a price-to-earnings-growth ratio of 9.49 and a beta of 1.08. The firm’s 50-day moving average is $20.67 and its two-hundred day moving average is $22.23. Intel Co. has a 12 month low of $18.51 and a 12 month high of $46.63.

Intel (NASDAQ:INTC) last released its quarterly earnings data 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%. Analysts predict that Intel Co. will post 0.19 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Rosenblatt Securities reissued a “sell” rating and issued a $20.00 price target on shares of Intel in a report on Thursday, January 30th. Robert W. Baird boosted their target price on shares of Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Northland Securities dropped their price target on shares of Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Citigroup decreased their price objective on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Finally, Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Five analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $26.60.

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.