Institute for Wealth Management LLC. Has $278,000 Stock Position in Intel Co. (NASDAQ:INTC)

Institute for Wealth Management LLC. decreased its position in Intel Co. (NASDAQ:INTC) by 27.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 13,874 shares of the chip maker’s stock after selling 5,152 shares during the period. Institute for Wealth Management LLC.’s holdings in Intel were worth $278,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in shares of Intel by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock valued at $2,162,891,000 after buying an additional 4,103,553 shares during the period. Relyea Zuckerberg Hanson LLC grew its holdings in shares of Intel by 211.6% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker’s stock valued at $579,000 after buying an additional 19,625 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Intel by 4.4% in the 3rd quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker’s stock valued at $113,244,000 after buying an additional 204,200 shares during the period. Empirical Asset Management LLC acquired a new position in shares of Intel in the 4th quarter valued at $276,000. Finally, Swiss National Bank boosted its stake in Intel by 0.3% in the 3rd quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker’s stock worth $296,426,000 after purchasing an additional 31,800 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on INTC shares. Robert W. Baird upped their target price on shares of Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Mizuho reduced their target price on shares of Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Truist Financial reduced their target price on shares of Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research note on Friday. Wells Fargo & Company reduced their target price on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday. Finally, Stifel Nicolaus reduced their target price on shares of Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Friday. Five equities 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 company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $26.60.

Intel Stock Down 2.9 %

Shares of INTC stock opened at $19.43 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. The firm’s 50-day moving average is $20.88 and its 200-day moving average is $22.62. The stock has a market cap of $83.80 billion, a price-to-earnings ratio of -5.22, a PEG ratio of 9.64 and a beta of 1.07. Intel Co. has a 52-week low of $18.51 and a 52-week high of $46.63.

Intel (NASDAQ:INTC) last released its quarterly earnings results 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 net margin of 29.42% and a negative return on equity of 1.71%. Sell-side analysts predict that Intel Co. will post -0.87 EPS for the current year.

Insider Buying and Selling at Intel

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

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.