Alpha Omega Wealth Management LLC Lowers Holdings in Intel Co. (NASDAQ:INTC)

Alpha Omega Wealth Management LLC lowered its holdings in shares of Intel Co. (NASDAQ:INTC) by 22.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,330 shares of the chip maker’s stock after selling 32,111 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in Intel were worth $2,212,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in INTC. Dunhill Financial LLC raised 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 acquiring an additional 438 shares in the last quarter. MKT Advisors LLC increased its holdings in shares of Intel by 4.8% in the 3rd quarter. MKT Advisors LLC now owns 10,762 shares of the chip maker’s stock worth $241,000 after buying an additional 490 shares during the last quarter. Beaton Management Co. Inc. raised its position in shares of Intel by 2.2% during the 3rd quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock valued at $544,000 after buying an additional 500 shares in the last quarter. Everpar Advisors LLC lifted its holdings in shares of Intel by 5.1% in the 3rd quarter. Everpar Advisors LLC now owns 10,326 shares of the chip maker’s stock valued at $242,000 after acquiring an additional 504 shares during the last quarter. Finally, Missouri Trust & Investment Co grew its position in Intel by 3.6% in the fourth quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker’s stock worth $314,000 after acquiring an additional 550 shares in the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of the sale, the executive vice president now directly owns 273,258 shares in the company, valued at $7,104,708. This trade represents a 8.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.04% of the company’s stock.

Intel Price Performance

Shares of INTC stock opened at $19.43 on Friday. The company has a market cap of $83.80 billion, a P/E ratio of -5.22, a PEG ratio of 9.64 and a beta of 1.07. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The stock’s 50-day moving average is $20.78 and its 200 day moving average is $22.51. Intel Co. has a 1-year low of $18.51 and a 1-year high of $46.63.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. Research analysts predict that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Barclays lowered their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Benchmark reaffirmed a “hold” rating on shares of Intel in a research note on Friday. Mizuho reduced their target price on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research note on Friday. Finally, Citigroup reduced their price objective on shares of Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Five analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Intel currently has a consensus rating of “Hold” and a consensus price target of $26.60.

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.