Independent Solutions Wealth Management LLC Sells 2,540 Shares of Intel Co. (NASDAQ:INTC)

Independent Solutions Wealth Management LLC decreased its stake in shares of Intel Co. (NASDAQ:INTC) by 13.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 16,355 shares of the chip maker’s stock after selling 2,540 shares during the period. Independent Solutions Wealth Management LLC’s holdings in Intel were worth $328,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. AllSquare Wealth Management LLC raised its holdings in shares of Intel by 26.9% in the fourth quarter. AllSquare Wealth Management LLC now owns 9,772 shares of the chip maker’s stock valued at $196,000 after purchasing an additional 2,070 shares during the last quarter. HUB Investment Partners LLC lifted its position in shares of Intel by 15.1% during the 4th quarter. HUB Investment Partners LLC now owns 23,927 shares of the chip maker’s stock worth $480,000 after buying an additional 3,140 shares in the last quarter. iA Global Asset Management Inc. boosted its stake in shares of Intel by 6.6% in the 4th quarter. iA Global Asset Management Inc. now owns 464,877 shares of the chip maker’s stock worth $9,321,000 after buying an additional 28,986 shares during the last quarter. Magnetar Financial LLC bought a new position in shares of Intel in the fourth quarter valued at approximately $2,057,000. Finally, Teacher Retirement System of Texas increased its position in shares of Intel by 785.0% during the fourth quarter. Teacher Retirement System of Texas now owns 252,221 shares of the chip maker’s stock valued at $5,057,000 after acquiring an additional 223,720 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Stock Down 0.7 %

Shares of NASDAQ:INTC opened at $23.96 on Friday. The company has a market cap of $103.75 billion, a price-to-earnings ratio of -5.47 and a beta of 1.02. Intel Co. has a one year low of $18.51 and a one year high of $45.41. The firm has a fifty day moving average price of $21.85 and a two-hundred day moving average price of $21.96. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate 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 anticipate that Intel Co. will post -0.11 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on INTC. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Bank of America raised shares of Intel from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $19.00 to $25.00 in a report on Thursday, March 13th. 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 report on Tuesday, January 21st. Barclays dropped their target price on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Finally, Truist Financial decreased their price target on shares of Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $27.04.

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.