Intel Co. (NASDAQ:INTC) Shares Sold by Alpha Omega Wealth Management LLC

Alpha Omega Wealth Management LLC decreased its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 13.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 95,021 shares of the chip maker's stock after selling 15,309 shares during the period. Alpha Omega Wealth Management LLC's holdings in Intel were worth $2,158,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Synergy Investment Management LLC bought a new position in shares of Intel in the 4th quarter valued at about $27,000. Vermillion Wealth Management Inc. purchased a new position in shares of Intel during the fourth quarter worth approximately $27,000. BankPlus Trust Department purchased a new position in shares of Intel during the fourth quarter worth approximately $28,000. Conquis Financial LLC purchased a new position in Intel during the fourth quarter valued at approximately $32,000. Finally, Pillar Financial Advisors LLC purchased a new position in Intel during the fourth quarter valued at approximately $34,000. Institutional investors own 64.53% of the company's stock.

Intel Price Performance

NASDAQ INTC traded down $0.63 during trading hours on Friday, hitting $20.14. 87,385,210 shares of the company's stock traded hands, compared to its average volume of 83,642,449. Intel Co. has a 52-week low of $17.67 and a 52-week high of $37.16. The company has a market capitalization of $87.85 billion, a PE ratio of -4.60 and a beta of 1.12. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The firm's 50-day moving average is $20.43 and its 200-day moving average is $21.14.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.12. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The business had revenue of $12.67 billion during the quarter, compared to analysts' expectations of $12.26 billion. During the same quarter in the prior year, the company posted $0.18 EPS. The business's revenue for the quarter was down .4% on a year-over-year basis. Equities analysts forecast that Intel Co. will post -0.11 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on INTC. Seaport Res Ptn raised shares of Intel to a "strong sell" rating in a report on Wednesday, April 30th. Rosenblatt Securities cut their price target on shares of Intel from $18.00 to $14.00 and set a "sell" rating on the stock in a report on Friday, April 25th. Morgan Stanley cut their price target on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Citigroup reaffirmed a "sell" rating on shares of Intel in a report on Friday, April 25th. Finally, Wells Fargo & Company cut their price target on shares of Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Six equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, Intel presently has an average rating of "Hold" and a consensus price target of $21.57.

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.