Intel Co. (NASDAQ:INTC) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. reduced its stake in shares of Intel Co. (NASDAQ:INTC) by 21.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 159,487 shares of the chip maker’s stock after selling 42,331 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Intel were worth $3,198,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of INTC. Quest Partners LLC grew its stake in Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after buying an additional 1,253 shares during the last quarter. Finley Financial LLC acquired a new stake in shares of Intel in the fourth quarter valued at approximately $25,000. Keystone Financial Group Inc. purchased a new position in shares of Intel during the fourth quarter worth approximately $29,000. FSA Wealth Management LLC acquired a new position in shares of Intel in the 3rd quarter valued at $34,000. Finally, Capital Performance Advisors LLP purchased a new stake in Intel in the 3rd quarter valued at $36,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on INTC shares. Bank of America reiterated an “underperform” rating and set a $21.00 target price on shares of Intel in a research note on Tuesday, December 3rd. Rosenblatt Securities reissued a “sell” rating and issued a $20.00 target price on shares of Intel in a report on Thursday, January 30th. JPMorgan Chase & Co. decreased their price target on Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a report on Friday, January 31st. Cantor Fitzgerald boosted their price objective on shares of Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Robert W. Baird raised their target price on shares of Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Five equities 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. Based on data from MarketBeat, Intel presently has a consensus rating of “Hold” and an average price target of $26.88.

Intel Price Performance

Shares of NASDAQ:INTC opened at $26.09 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The business’s fifty day moving average price is $20.64 and its two-hundred day moving average price is $21.59. The stock has a market cap of $112.97 billion, a PE ratio of -5.96 and a beta of 1.08. Intel Co. has a one year low of $18.51 and a one year high of $46.63.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) 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%. On average, analysts forecast that Intel Co. will post -0.11 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.