Jeppson Wealth Management LLC Sells 6,631 Shares of Intel Co. (NASDAQ:INTC)

Jeppson Wealth Management LLC decreased its holdings in Intel Co. (NASDAQ:INTC) by 27.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,139 shares of the chip maker’s stock after selling 6,631 shares during the period. Jeppson Wealth Management LLC’s holdings in Intel were worth $402,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in INTC. America First Investment Advisors LLC acquired a new stake in shares of Intel in the 2nd quarter worth $25,000. Cyrus J. Lawrence LLC acquired a new position in Intel during the 2nd quarter worth approximately $27,000. Spartan Fund Management Inc. acquired a new position in Intel during the 2nd quarter worth approximately $31,000. Financial Connections Group Inc. acquired a new position in shares of Intel in the 2nd quarter valued at $32,000. Finally, Triad Wealth Partners LLC acquired a new stake in Intel during the 2nd quarter worth $33,000. Institutional investors own 64.53% of the company’s stock.

Insider Transactions at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s 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 completion of the sale, the executive vice president now owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.04% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on INTC. UBS Group dropped their target price on shares of Intel from $37.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Stifel Nicolaus reissued a “hold” rating and set a $25.00 price target (down previously from $28.00) on shares of Intel in a report on Friday, October 25th. Wedbush reduced their price objective on shares of Intel from $32.50 to $25.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Bank of America lowered shares of Intel from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $35.00 to $23.00 in a research report on Friday, August 2nd. Finally, Roth Mkm dropped their price objective on Intel from $35.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Six investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $30.12.

Intel Stock Performance

Shares of INTC opened at $25.05 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. Intel Co. has a 12 month low of $18.51 and a 12 month high of $51.28. The company’s fifty day moving average is $22.22 and its 200-day moving average is $26.55. The firm has a market cap of $108.04 billion, a price-to-earnings ratio of -6.73 and a beta of 1.03.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.44). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The company had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. During the same quarter in the previous year, the business posted $0.28 EPS. The company’s revenue was down 6.3% compared to the same quarter last year. Equities analysts expect that Intel Co. will post -0.83 EPS for the current fiscal 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.