WealthBridge Investment Counsel Inc. Sells 865 Shares of Intel Co. (NASDAQ:INTC)

WealthBridge Investment Counsel Inc. cut its holdings in shares of Intel Co. (NASDAQ:INTC) by 1.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 65,300 shares of the chip maker’s stock after selling 865 shares during the quarter. WealthBridge Investment Counsel Inc.’s holdings in Intel were worth $1,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Dunhill Financial LLC boosted its holdings in shares of Intel by 22.6% during the 3rd quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock worth $56,000 after purchasing an additional 438 shares during the last quarter. MKT Advisors LLC increased its holdings in shares of Intel by 4.8% in the third quarter. MKT Advisors LLC now owns 10,762 shares of the chip maker’s stock valued at $241,000 after purchasing an additional 490 shares during the last quarter. Beaton Management Co. Inc. lifted its position in Intel by 2.2% during the third quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock worth $544,000 after buying an additional 500 shares in the last quarter. Everpar Advisors LLC boosted its stake in Intel by 5.1% during the third quarter. Everpar Advisors LLC now owns 10,326 shares of the chip maker’s stock worth $242,000 after buying an additional 504 shares during the last quarter. Finally, Lavaca Capital LLC grew its holdings in Intel by 4.7% in the 2nd quarter. Lavaca Capital LLC now owns 11,796 shares of the chip maker’s stock valued at $365,000 after buying an additional 530 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel 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 sale, the executive vice president now owns 273,258 shares of the company’s stock, valued at $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.04% of the stock is owned by company insiders.

Intel Stock Up 9.3 %

NASDAQ:INTC opened at $21.49 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. Intel Co. has a 1 year low of $18.51 and a 1 year high of $50.30. The stock has a 50-day simple moving average of $21.55 and a 200-day simple moving average of $23.32.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). The company had revenue of $13.30 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 6.3% on a year-over-year basis. During the same period last year, the business earned $0.28 earnings per share. On average, equities analysts forecast that Intel Co. will post -0.87 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on INTC shares. Bank of America reiterated an “underperform” rating and issued a $21.00 target price on shares of Intel in a report on Tuesday, December 3rd. Barclays decreased their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday. Stifel Nicolaus reissued a “hold” rating and set a $25.00 target price (down previously from $28.00) on shares of Intel in a research note on Friday, October 25th. The Goldman Sachs Group decreased their price target on Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a research note on Thursday, October 17th. Finally, Robert W. Baird raised their price objective on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research 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 assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $29.88.

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.