Selective Wealth Management Inc. Decreases Stake in Intel Co. (NASDAQ:INTC)

Selective Wealth Management Inc. trimmed its position in Intel Co. (NASDAQ:INTC) by 7.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,743 shares of the chip maker’s stock after selling 5,070 shares during the period. Intel accounts for approximately 0.5% of Selective Wealth Management Inc.’s investment portfolio, making the stock its 28th biggest holding. Selective Wealth Management Inc.’s holdings in Intel were worth $1,262,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cyrus J. Lawrence LLC acquired a new stake in Intel during the 2nd quarter valued at approximately $27,000. Quest Partners LLC boosted 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 valued at $30,000 after purchasing an additional 1,253 shares during the last quarter. West Financial Advisors LLC acquired a new position in shares of Intel in the 4th quarter valued at about $31,000. Groupama Asset Managment boosted its stake in shares of Intel by 6.3% in the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after buying an additional 8,084 shares during the last quarter. Finally, Sawyer & Company Inc purchased a new position in Intel during the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Bank of America restated an “underperform” rating and issued a $21.00 price objective on shares of Intel in a research report on Tuesday, December 3rd. Rosenblatt Securities restated a “sell” rating and set a $17.00 target price on shares of Intel in a research report on Tuesday, October 29th. The Goldman Sachs Group decreased their target price on Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a research report on Thursday, October 17th. Truist Financial upped their price objective on shares of Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Finally, Barclays reduced their price target on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday. Six analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $29.88.

Intel Trading Up 9.3 %

Shares of INTC stock opened at $21.49 on Friday. The stock has a market capitalization of $92.69 billion, a P/E ratio of -5.78, a price-to-earnings-growth ratio of 8.53 and a beta of 1.07. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $50.30. 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 $21.55 and a 200 day moving average price of $23.38.

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 analysts’ consensus estimates of ($0.02) by ($0.44). The company had revenue of $13.30 billion for the quarter, compared to analysts’ expectations of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The firm’s revenue was down 6.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.28 EPS. Equities research analysts predict that Intel Co. will post -0.87 EPS for the current fiscal year.

Insider Buying and Selling at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value of $650,000.00. Following the sale, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. This represents a 8.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.04% of the stock is owned by corporate insiders.

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.