Cliftonlarsonallen Wealth Advisors LLC Lowers Stock Position in Intel Co. (NASDAQ:INTC)

Cliftonlarsonallen Wealth Advisors LLC decreased its holdings in Intel Co. (NASDAQ:INTC) by 21.1% in the 4th quarter, Holdings Channel reports. The firm owned 11,647 shares of the chip maker’s stock after selling 3,117 shares during the period. Cliftonlarsonallen Wealth Advisors LLC’s holdings in Intel were worth $234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of INTC. Cyrus J. Lawrence LLC purchased a new stake in shares of Intel in the second quarter valued at about $27,000. Quest Partners LLC increased its position in Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after acquiring an additional 1,253 shares during the period. Groupama Asset Managment raised its stake in Intel by 6.3% during the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock valued at $32,000 after acquiring an additional 8,084 shares during the last quarter. FSA Wealth Management LLC purchased a new position in shares of Intel in the 3rd quarter valued at approximately $34,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Intel in the third quarter valued at approximately $36,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on INTC. Robert W. Baird increased their price target on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft dropped their price objective on Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a report on Thursday, October 3rd. Bank of America reiterated an “underperform” rating and issued a $21.00 price objective on shares of Intel in a research report on Tuesday, December 3rd. Benchmark restated a “hold” rating on shares of Intel in a report on Friday, November 1st. Finally, Northland Securities reduced their price target on shares of Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Six investment 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 stock. Based on data from MarketBeat, Intel has an average rating of “Hold” and an average price target of $29.96.

Intel Stock Up 1.4 %

Shares of Intel stock traded up $0.26 during trading hours on Wednesday, hitting $19.46. 5,231,116 shares of the company’s stock traded hands, compared to its average volume of 51,076,527. The company has a market cap of $83.93 billion, a PE ratio of -5.23 and a beta of 1.07. Intel Co. has a twelve month low of $18.51 and a twelve month high of $50.30. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. The stock has a 50 day simple moving average of $21.89 and a 200-day simple moving average of $23.49.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). The business had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.28 earnings per share. Equities research analysts anticipate that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of the transaction, the executive vice president now owns 273,258 shares in the company, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.04% of the stock is owned by company insiders.

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.