Clarity Wealth Advisors LLC Sells 5,005 Shares of Intel Co. (NASDAQ:INTC)

Clarity Wealth Advisors LLC lowered its stake in shares of Intel Co. (NASDAQ:INTC) by 24.6% during the fourth quarter, Holdings Channel reports. The fund owned 15,317 shares of the chip maker’s stock after selling 5,005 shares during the period. Clarity Wealth Advisors LLC’s holdings in Intel were worth $307,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Finley Financial LLC acquired a new stake in shares of Intel in the 4th quarter valued at $25,000. Keystone Financial Group Inc. bought a new stake in Intel during the 4th quarter worth about $29,000. Quest Partners LLC lifted its position in 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 purchasing an additional 1,253 shares during the period. West Financial Advisors LLC bought a new position in shares of Intel in the 4th quarter valued at about $31,000. Finally, Groupama Asset Managment raised its stake in shares of Intel by 6.3% during the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after buying an additional 8,084 shares during the last quarter. 64.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on INTC. HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a report on Tuesday, January 21st. Bank of America reissued an “underperform” rating and set a $21.00 price objective on shares of Intel in a research note on Tuesday, December 3rd. JPMorgan Chase & Co. cut their target price on shares of Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. 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. Finally, UBS Group decreased their target price on Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Five research 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $26.60.

Intel Stock Down 1.4 %

Shares of INTC opened at $19.10 on Friday. The firm has a 50 day simple moving average of $20.41 and a two-hundred day simple moving average of $22.10. The company has a market cap 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 Co. has a one year low of $18.51 and a one year high of $46.63. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. Research analysts forecast that Intel Co. will post 0.19 EPS 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.