Intel Co. (NASDAQ:INTC) Shares Sold by Financial Partners Group LLC

Financial Partners Group LLC lessened its holdings in Intel Co. (NASDAQ:INTC) by 77.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,717 shares of the chip maker’s stock after selling 56,761 shares during the quarter. Financial Partners Group LLC’s holdings in Intel were worth $335,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Finley Financial LLC purchased a new stake in Intel in the 4th quarter worth approximately $25,000. Quest Partners LLC lifted its stake in shares of Intel by 7,370.6% in the 3rd 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 period. West Financial Advisors LLC purchased a new stake in Intel during the fourth quarter worth $31,000. Groupama Asset Managment grew its position in Intel by 6.3% during the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock valued at $32,000 after buying an additional 8,084 shares during the period. Finally, Sawyer & Company Inc acquired a new position in shares of Intel in the fourth quarter worth about $32,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

INTC has been the subject of several recent analyst reports. The Goldman Sachs Group cut their price target on Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research note on Thursday, October 17th. Mizuho cut their price objective on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Truist Financial increased 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. Citigroup cut their price target on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday. Five research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Intel presently has an average rating of “Hold” and a consensus target price of $28.81.

Insider Buying and Selling

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. The trade was a 8.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.04% of the stock is owned by insiders.

Intel Price Performance

Shares of Intel stock opened at $21.57 on Friday. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $50.30. The stock has a 50 day moving average of $21.37 and a 200 day moving average of $23.12. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). The firm had revenue of $13.30 billion during the quarter, compared to analysts’ expectations of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.28 EPS. As a group, sell-side analysts forecast that Intel Co. will post -0.87 earnings per share 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.