Future Financial Wealth Managment LLC Sells 4,700 Shares of Intel Co. (NASDAQ:INTC)

Future Financial Wealth Managment LLC decreased its stake in shares of Intel Co. (NASDAQ:INTC) by 33.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 9,150 shares of the chip maker’s stock after selling 4,700 shares during the period. Future Financial Wealth Managment LLC’s holdings in Intel were worth $183,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. American Century Companies Inc. raised its position in shares of Intel by 26.9% in the 2nd quarter. American Century Companies Inc. now owns 1,925,120 shares of the chip maker’s stock valued at $59,621,000 after buying an additional 408,512 shares in the last quarter. Thoroughbred Financial Services LLC raised its position in shares of Intel by 16.0% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 18,112 shares of the chip maker’s stock valued at $560,000 after buying an additional 2,492 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Intel by 13.2% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 488,031 shares of the chip maker’s stock valued at $15,114,000 after buying an additional 57,081 shares in the last quarter. Williams Financial LLC acquired a new position in shares of Intel in the 2nd quarter valued at approximately $1,211,000. Finally, Wilkins Investment Counsel Inc. raised its position in shares of Intel by 2.1% in the 2nd quarter. Wilkins Investment Counsel Inc. now owns 533,992 shares of the chip maker’s stock valued at $16,538,000 after buying an additional 11,077 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Stock Performance

INTC traded down $0.11 during trading on Monday, hitting $19.04. 31,112,592 shares of the company traded hands, compared to its average volume of 55,739,887. The firm has a market cap of $82.12 billion, a P/E ratio of -5.12 and a beta of 1.07. The stock’s fifty day moving average is $22.03 and its 200 day moving average is $23.66. 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 one year low of $18.51 and a one year high of $50.30.

Intel (NASDAQ:INTC) last posted its quarterly earnings results 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 for 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%. Intel’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS. As a group, equities analysts predict that Intel Co. will post -0.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

INTC has been the topic of several research reports. Robert W. Baird lifted their price target on shares of Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Northland Securities decreased 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. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a report on Thursday, October 3rd. 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 report on Friday. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $25.00 price objective (down from $28.00) on shares of Intel in a research note on Friday, October 25th. Six 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 company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $29.96.

Insiders Place Their Bets

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

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.