Intel Co. (NASDAQ:INTC) Shares Sold by Laurel Wealth Advisors LLC

Laurel Wealth Advisors LLC reduced its position in shares of Intel Co. (NASDAQ:INTC) by 15.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 4,479 shares of the chip maker’s stock after selling 840 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in Intel were worth $102,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vermillion Wealth Management Inc. acquired a new stake in Intel during the fourth quarter worth approximately $27,000. Synergy Investment Management LLC acquired a new position in Intel in the 4th quarter valued at $27,000. BankPlus Trust Department purchased a new stake in shares of Intel during the 4th quarter worth $28,000. Conquis Financial LLC purchased a new stake in shares of Intel during the 4th quarter worth $32,000. Finally, IMG Wealth Management Inc. purchased a new stake in shares of Intel during the 4th quarter worth $34,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Stock Down 6.3%

INTC stock opened at $20.68 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The business’s 50 day moving average price is $20.37 and its two-hundred day moving average price is $21.21. Intel Co. has a fifty-two week low of $17.67 and a fifty-two week high of $37.16. The company has a market capitalization of $90.21 billion, a price-to-earnings ratio of -4.72 and a beta of 1.12.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.12. The business had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.18 EPS. As a group, analysts forecast that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Seaport Res Ptn raised shares of Intel to a “strong sell” rating in a research note on Wednesday, April 30th. Wells Fargo & Company cut their price target on shares of Intel from $25.00 to $22.00 and set an “equal weight” rating on the stock in a report on Friday, April 25th. Sanford C. Bernstein lowered their price objective on shares of Intel from $25.00 to $21.00 and set a “market perform” rating for the company in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. decreased their price target on shares of Intel from $23.00 to $20.00 and set an “underweight” rating for the company in a research report on Friday, April 25th. Finally, Susquehanna decreased their price target on shares of Intel from $24.00 to $22.00 and set a “neutral” rating for the company in a research report on Wednesday, April 16th. Six research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $21.57.

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.