Intel Co. (NASDAQ:INTC) Holdings Cut by WR Wealth Planners LLC

WR Wealth Planners LLC lowered its holdings in Intel Co. (NASDAQ:INTC) by 22.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 5,642 shares of the chip maker’s stock after selling 1,672 shares during the period. WR Wealth Planners LLC’s holdings in Intel were worth $113,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Quest Partners LLC lifted its holdings in 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 last quarter. Finley Financial LLC bought a new stake in shares of Intel during the fourth quarter valued at approximately $25,000. BankPlus Trust Department bought a new stake in shares of Intel during the fourth quarter valued at approximately $28,000. Keystone Financial Group Inc. bought a new stake in shares of Intel during the fourth quarter valued at approximately $29,000. Finally, FSA Wealth Management LLC bought a new stake in shares of Intel during the third quarter valued at approximately $34,000. Institutional investors own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

INTC has been the topic of a number of recent analyst reports. Roth Mkm cut their price target on Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. UBS Group cut their price target on Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Stifel Nicolaus cut their price target on Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Benchmark reaffirmed a “hold” rating on shares of Intel in a report on Friday, January 31st. Finally, Barclays lowered their price objective 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. Five equities 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 company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $26.88.

Intel Trading Up 2.8 %

NASDAQ INTC opened at $23.74 on Friday. The firm’s 50 day moving average price is $21.21 and its two-hundred day moving average price is $21.79. The stock has a market cap of $102.80 billion, a price-to-earnings ratio of -5.42 and a beta of 1.08. Intel Co. has a twelve month low of $18.51 and a twelve month high of $46.63. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (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%. Equities analysts anticipate that Intel Co. will post -0.11 EPS for the current year.

About Intel

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.