RMR Wealth Builders Sells 10,347 Shares of Intel Co. (NASDAQ:INTC)

RMR Wealth Builders decreased its holdings in shares of Intel Co. (NASDAQ:INTC) by 39.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,565 shares of the chip maker’s stock after selling 10,347 shares during the period. RMR Wealth Builders’ holdings in Intel were worth $312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Cyrus J. Lawrence LLC bought a new stake in Intel during the second quarter valued at about $27,000. Quest Partners LLC lifted its position 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 buying an additional 1,253 shares in the last quarter. FSA Wealth Management LLC bought a new position in shares of Intel during the 3rd quarter valued at approximately $34,000. Capital Performance Advisors LLP bought a new stake in Intel during the 3rd quarter worth approximately $36,000. Finally, Sawyer & Company Inc purchased a new position in Intel during the fourth quarter valued at approximately $32,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Intel from $27.00 to $25.00 and set a “hold” rating for the company in a research note on Thursday, October 3rd. Northland Securities lowered their price objective on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Robert W. Baird increased their target price on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Bank of America reissued an “underperform” rating and issued a $21.00 price target on shares of Intel in a report on Tuesday, December 3rd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a report on Friday, November 1st. Six investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $29.96.

Intel Stock Performance

INTC opened at $19.69 on Friday. The firm’s 50-day moving average price is $21.78 and its 200-day moving average price is $23.47. The company has a market cap of $84.90 billion, a P/E ratio of -5.29, a price-to-earnings-growth ratio of 8.53 and a beta of 1.07. Intel Co. has a 52-week low of $18.51 and a 52-week high of $50.30. 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 issued 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 business 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 company’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period last year, the business earned $0.28 EPS. As a group, equities analysts anticipate that Intel Co. will post -0.87 EPS for the current fiscal year.

Insider Buying and Selling

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s stock in a transaction 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 directly owns 273,258 shares in the company, valued at approximately $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.04% of the stock is currently owned by insiders.

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.