Intel Co. (NASDAQ:INTC) Stock Holdings Lessened by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC cut its stake in shares of Intel Co. (NASDAQ:INTC) by 27.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 13,085 shares of the chip maker’s stock after selling 5,059 shares during the period. Gateway Wealth Partners LLC’s holdings in Intel were worth $262,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Quest Partners LLC grew its holdings in shares of Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after acquiring an additional 1,253 shares in the last quarter. Finley Financial LLC acquired a new stake in Intel during the fourth quarter valued at $25,000. FSA Wealth Management LLC acquired a new stake in Intel during the third quarter valued at $34,000. Capital Performance Advisors LLP purchased a new position in Intel in the third quarter valued at about $36,000. Finally, West Financial Advisors LLC acquired a new position in Intel in the 4th quarter worth about $31,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insider Transactions at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the sale, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. This trade represents a 8.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.04% of the stock is currently owned by insiders.

Intel Trading Down 0.2 %

Shares of Intel stock opened at $19.77 on Thursday. The company’s fifty day moving average price is $21.06 and its two-hundred day moving average price is $22.65. The firm has a market capitalization of $85.25 billion, a PE ratio of -5.31, a price-to-earnings-growth ratio of 9.72 and a beta of 1.07. Intel Co. has a 52-week low of $18.51 and a 52-week high of $46.63. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.44). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The business had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. During the same period last year, the company earned $0.28 EPS. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, analysts expect that Intel Co. will post -0.87 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Truist Financial boosted their price target on Intel from $25.00 to $26.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Stifel Nicolaus reissued a “hold” rating and issued a $25.00 target price (down from $28.00) on shares of Intel in a research report on Friday, October 25th. Needham & Company LLC restated a “hold” rating on shares of Intel in a report on Friday, November 1st. The Goldman Sachs Group decreased their price objective on shares of Intel from $22.00 to $21.00 and set a “sell” rating for the company in a report on Thursday, October 17th. Finally, Northland Securities cut their target price on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Five analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Intel has an average rating of “Hold” and a consensus price target of $27.88.

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.