Daymark Wealth Partners LLC Trims Holdings in Intel Co. (NASDAQ:INTC)

Daymark Wealth Partners LLC trimmed its position in shares of Intel Co. (NASDAQ:INTC) by 18.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 257,657 shares of the chip maker’s stock after selling 59,568 shares during the period. Daymark Wealth Partners LLC’s holdings in Intel were worth $5,166,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Dunhill Financial LLC raised its stake in shares of Intel by 22.6% during the 3rd quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock worth $56,000 after buying an additional 438 shares during the period. MKT Advisors LLC raised its position in Intel by 4.8% during the third quarter. MKT Advisors LLC now owns 10,762 shares of the chip maker’s stock worth $241,000 after acquiring an additional 490 shares during the period. Beaton Management Co. Inc. raised its position in Intel by 2.2% during the third quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock worth $544,000 after acquiring an additional 500 shares during the period. Everpar Advisors LLC lifted its holdings in Intel by 5.1% during the third quarter. Everpar Advisors LLC now owns 10,326 shares of the chip maker’s stock valued at $242,000 after purchasing an additional 504 shares in the last quarter. Finally, Missouri Trust & Investment Co grew its position in shares of Intel by 3.6% in the fourth quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker’s stock valued at $314,000 after purchasing an additional 550 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Stock Up 1.3 %

Shares of NASDAQ INTC opened at $21.77 on Wednesday. Intel Co. has a 52-week low of $18.51 and a 52-week high of $50.30. The business’s 50 day moving average is $21.44 and its two-hundred day moving average is $23.13. The firm has a market cap of $93.89 billion, a price-to-earnings ratio of -5.85, a PEG ratio of 9.46 and a beta of 1.07. 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 (NASDAQ:INTC) last posted its 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). The firm had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. Intel’s revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.28 EPS. Research analysts predict that Intel Co. will post -0.87 EPS for the current year.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on INTC. Stifel Nicolaus reaffirmed a “hold” rating and issued a $25.00 price target (down from $28.00) on shares of Intel in a research note on Friday, October 25th. Truist Financial raised their target price on Intel from $25.00 to $26.00 and gave the company a “hold” rating in a research report on Friday, November 1st. Robert W. Baird boosted their price target on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Northland Securities decreased their price objective on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, Citigroup lowered their target price on shares of Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday. Five analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $28.81.

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.