Intel Co. (NASDAQ:INTC) Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. lowered its stake in shares of Intel Co. (NASDAQ:INTC) by 23.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 155,756 shares of the chip maker’s stock after selling 47,157 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Intel were worth $3,123,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Finley Financial LLC acquired a new stake in shares of Intel in the 4th quarter valued at about $25,000. Quest Partners LLC raised its stake in Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after buying an additional 1,253 shares in the last quarter. West Financial Advisors LLC bought a new position in Intel during the 4th quarter worth approximately $31,000. Groupama Asset Managment grew its position in shares of Intel by 6.3% in the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after acquiring an additional 8,084 shares in the last quarter. Finally, Sawyer & Company Inc bought a new stake in shares of Intel in the 4th quarter valued at approximately $32,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Stock Performance

Shares of INTC opened at $19.10 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The firm’s 50 day moving average is $20.41 and its 200-day moving average is $22.10. Intel Co. has a 12-month low of $18.51 and a 12-month high of $46.63. The stock has a market capitalization of $82.38 billion, a P/E ratio of -4.36, a P/E/G ratio of 9.49 and a beta of 1.08.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Equities research analysts anticipate that Intel Co. will post 0.19 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

INTC has been the topic of several research analyst reports. Rosenblatt Securities restated a “sell” rating and set a $20.00 price objective on shares of Intel in a research note on Thursday, January 30th. UBS Group reduced their price target on shares of Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Stifel Nicolaus lowered their price objective on shares of Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Bank of America reissued an “underperform” rating and issued a $21.00 target price on shares of Intel in a report on Tuesday, December 3rd. Finally, Barclays lowered their target price on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Five research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $26.60.

Intel 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.