Intel Co. (NASDAQ:INTC) Shares Sold by Alpha Omega Wealth Management LLC

Alpha Omega Wealth Management LLC trimmed its holdings in Intel Co. (NASDAQ:INTC) by 22.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 110,330 shares of the chip maker’s stock after selling 32,111 shares during the period. Alpha Omega Wealth Management LLC’s holdings in Intel were worth $2,212,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Finley Financial LLC acquired a new position in shares of Intel in the 4th quarter valued at $25,000. Quest Partners LLC raised its position in shares of Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after acquiring an additional 1,253 shares during the period. West Financial Advisors LLC purchased a new stake in shares of Intel during the 4th quarter worth about $31,000. Groupama Asset Managment grew its position in shares of Intel by 6.3% during the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock valued at $32,000 after acquiring an additional 8,084 shares during the period. Finally, Sawyer & Company Inc purchased a new position in shares of Intel in the 4th quarter valued at about $32,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the transaction, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at $7,104,708. The trade was a 8.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.04% of the company’s stock.

Intel Stock Performance

NASDAQ:INTC opened at $19.43 on Friday. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $46.63. 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 company has a 50 day moving average price of $20.78 and a 200 day moving average price of $22.51. The stock has a market capitalization of $83.80 billion, a P/E ratio of -5.22, a PEG ratio of 9.64 and a beta of 1.07.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. Equities research analysts forecast that Intel Co. will post -0.87 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Citigroup lowered their price target on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Mizuho dropped their price target on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday. Roth Mkm cut their target price on shares of Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Bank of America reaffirmed an “underperform” rating and issued a $21.00 price target on shares of Intel in a research note on Tuesday, December 3rd. Five analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Intel has an average rating of “Hold” and a consensus price target 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.