Intel Co. (NASDAQ:INTC) Stake Lessened by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC decreased its position in shares of Intel Co. (NASDAQ:INTC) by 12.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,016 shares of the chip maker’s stock after selling 14,471 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in Intel were worth $2,065,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in INTC. Finley Financial LLC bought a new stake in shares of Intel in the 4th quarter worth $25,000. Quest Partners LLC raised its position in Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after acquiring an additional 1,253 shares in the last quarter. West Financial Advisors LLC acquired a new stake in Intel in the 4th quarter valued at about $31,000. Groupama Asset Managment grew its stake in shares of Intel by 6.3% in the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after purchasing an additional 8,084 shares during the last quarter. Finally, Sawyer & Company Inc acquired a new position in shares of Intel in the 4th quarter worth approximately $32,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. HSBC upgraded shares of Intel from a “reduce” rating to a “hold” rating in a report on Tuesday. Truist Financial lifted their target price on Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Northland Securities cut their target price on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research report on Friday, November 1st. Finally, Citigroup reduced their price objective on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday. Five equities research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Intel currently has a consensus rating of “Hold” and an average target price of $28.81.

Intel Stock Performance

INTC stock opened at $21.57 on Friday. 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 firm has a 50 day moving average of $21.37 and a two-hundred day moving average of $23.12. Intel Co. has a 12 month low of $18.51 and a 12 month high of $50.30. The company has a market capitalization of $93.03 billion, a price-to-earnings ratio of -5.80, a P/E/G ratio of 9.59 and a beta of 1.07.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The company had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.28 earnings per share. As a group, equities analysts anticipate that Intel Co. will post -0.87 EPS for the current fiscal year.

Insider Activity

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value of $650,000.00. Following the transaction, the executive vice president now directly owns 273,258 shares in the company, valued at $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.04% of the stock is owned by corporate insiders.

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.