Naviter Wealth LLC Sells 17,284 Shares of Intel Co. (NASDAQ:INTC)

Naviter Wealth LLC lessened its holdings in shares of Intel Co. (NASDAQ:INTC - Free Report) by 31.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,314 shares of the chip maker's stock after selling 17,284 shares during the period. Naviter Wealth LLC's holdings in Intel were worth $768,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. increased its position in shares of Intel by 4.4% during the third quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker's stock worth $113,244,000 after buying an additional 204,200 shares during the period. Capital Performance Advisors LLP bought a new stake in Intel during the third quarter valued at $36,000. CWA Asset Management Group LLC acquired a new stake in Intel during the 3rd quarter worth about $410,000. Corrado Advisors LLC raised its position in shares of Intel by 41.0% in the 3rd quarter. Corrado Advisors LLC now owns 66,426 shares of the chip maker's stock worth $1,558,000 after acquiring an additional 19,306 shares in the last quarter. Finally, Wealth Quarterback LLC lifted its stake in shares of Intel by 246.5% in the 3rd quarter. Wealth Quarterback LLC now owns 24,950 shares of the chip maker's stock valued at $585,000 after purchasing an additional 17,749 shares during the period. Institutional investors own 64.53% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on INTC. Benchmark reaffirmed a "hold" rating on shares of Intel in a research note on Friday, January 31st. JPMorgan Chase & Co. lowered their price objective on shares of Intel from $26.00 to $23.00 and set an "underweight" rating for the company in a research note on Friday, January 31st. Truist Financial dropped their target price on shares of Intel from $22.00 to $21.00 and set a "hold" rating on the stock in a research report on Friday, January 31st. Barclays reduced their price target on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a report on Friday, January 17th. Finally, Hsbc Global Res upgraded shares of Intel from a "moderate sell" rating to a "hold" rating in a report on Tuesday, January 21st. Five investment 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, the company presently has a consensus rating of "Hold" and an average target price of $26.88.

Intel Stock Performance

NASDAQ:INTC traded up $0.90 during trading hours on Wednesday, reaching $20.68. The stock had a trading volume of 123,689,097 shares, compared to its average volume of 99,299,164. Intel Co. has a 12-month low of $18.51 and a 12-month high of $45.41. 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 stock has a 50 day simple moving average of $21.29 and a 200 day simple moving average of $21.81. The stock has a market cap of $89.54 billion, a P/E ratio of -4.72 and a beta of 1.02.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data 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%. On average, research analysts forecast 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.