B. Riley Wealth Advisors Inc. Reduces Stock Position in Intel Co. (NASDAQ:INTC)

B. Riley Wealth Advisors Inc. decreased its position in Intel Co. (NASDAQ:INTC - Free Report) by 39.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 67,259 shares of the chip maker's stock after selling 44,509 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in Intel were worth $1,349,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of INTC. Freestone Grove Partners LP acquired a new stake in shares of Intel in the 4th quarter valued at approximately $62,654,000. Rheos Capital Works Inc. lifted its stake in Intel by 12.1% in the fourth quarter. Rheos Capital Works Inc. now owns 277,000 shares of the chip maker's stock valued at $5,554,000 after acquiring an additional 30,000 shares during the last quarter. Clifford Swan Investment Counsel LLC grew its position in shares of Intel by 1.9% in the 4th quarter. Clifford Swan Investment Counsel LLC now owns 819,532 shares of the chip maker's stock valued at $16,432,000 after acquiring an additional 15,214 shares during the period. Toronto Dominion Bank increased its stake in shares of Intel by 286.8% during the 4th quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock worth $211,114,000 after purchasing an additional 7,806,882 shares during the last quarter. Finally, Jericho Financial LLP bought a new stake in shares of Intel in the 4th quarter valued at about $2,045,000. Institutional investors and hedge funds own 64.53% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Sanford C. Bernstein dropped their price objective on Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. Roth Mkm dropped their price target on Intel from $25.00 to $20.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Barclays reaffirmed a "reduce" rating on shares of Intel in a report on Tuesday, April 22nd. Cantor Fitzgerald decreased their price objective on shares of Intel from $29.00 to $20.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Finally, JPMorgan Chase & Co. cut their target price on shares of Intel from $23.00 to $20.00 and set an "underweight" rating for the company in a research note on Friday, April 25th. Six research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $21.57.

Intel Stock Performance

INTC traded down $0.12 during trading on Thursday, hitting $20.25. 66,351,607 shares of the company traded hands, compared to its average volume of 80,929,678. Intel Co. has a one year low of $17.67 and a one year high of $37.16. The stock's fifty day moving average is $20.85 and its 200 day moving average is $21.51. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The firm has a market cap of $88.33 billion, a P/E ratio of -4.62 and a beta of 1.15.

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

Intel 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.