Intel Co. (NASDAQ:INTC) Shares Sold by WealthBridge Investment Counsel Inc.

WealthBridge Investment Counsel Inc. trimmed its position in shares of Intel Co. (NASDAQ:INTC - Free Report) by 30.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,300 shares of the chip maker's stock after selling 20,000 shares during the period. WealthBridge Investment Counsel Inc.'s holdings in Intel were worth $1,029,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank bought a new position in Intel in the 4th quarter worth about $1,246,569,000. Two Sigma Advisers LP bought a new position in Intel in the 4th quarter worth about $289,752,000. Two Sigma Investments LP bought a new position in Intel in the 4th quarter worth about $237,457,000. Toronto Dominion Bank grew its stake in Intel by 286.8% in the 4th quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock worth $211,114,000 after acquiring an additional 7,806,882 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Intel by 15.5% in the 4th quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock worth $918,522,000 after purchasing an additional 6,157,853 shares during the period. 64.53% of the stock is currently owned by institutional investors.

Intel Price Performance

INTC stock traded up $0.07 during trading on Friday, reaching $20.06. 69,920,070 shares of the company were exchanged, compared to its average volume of 81,840,296. The company has a market cap of $87.50 billion, a P/E ratio of -4.58 and a beta of 1.12. Intel Co. has a 52-week low of $17.67 and a 52-week high of $37.16. The stock's 50 day moving average price is $20.39 and its 200 day moving average price is $21.28. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Benchmark reaffirmed a "hold" rating on shares of Intel in a research report on Friday, April 25th. Rosenblatt Securities lowered their price target on shares of Intel from $18.00 to $14.00 and set a "sell" rating for the company in a research report on Friday, April 25th. Susquehanna lowered their price target on shares of Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. JPMorgan Chase & Co. decreased their target price on shares of Intel from $23.00 to $20.00 and set an "underweight" rating for the company in a research report on Friday, April 25th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Intel in a research 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $21.57.

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.