B. Riley Wealth Advisors Inc. Has $2.58 Million Stock Position in Intel Co. (NASDAQ:INTC)

B. Riley Wealth Advisors Inc. decreased its stake in shares of Intel Co. (NASDAQ:INTC) by 5.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 111,768 shares of the chip maker’s stock after selling 6,354 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Intel were worth $2,577,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. William B. Walkup & Associates Inc. bought a new stake in Intel during the 2nd quarter worth approximately $2,178,000. Geode Capital Management LLC boosted its holdings in shares of Intel by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock valued at $2,162,891,000 after buying an additional 4,103,553 shares during the last quarter. Swiss National Bank boosted its holdings in shares of Intel by 0.3% in the 3rd quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker’s stock valued at $296,426,000 after buying an additional 31,800 shares during the last quarter. SGL Investment Advisors Inc. acquired a new stake in shares of Intel in the 3rd quarter valued at approximately $2,365,000. Finally, Benjamin Edwards Inc. lifted its holdings in Intel by 35,983.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 32,836 shares of the chip maker’s stock valued at $770,000 after purchasing an additional 32,745 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Price Performance

Shares of Intel stock opened at $20.34 on Monday. Intel Co. has a twelve month low of $18.51 and a twelve month high of $51.28. The business has a 50-day moving average price of $23.12 and a 200 day moving average price of $25.15. 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 market cap of $87.73 billion, a PE ratio of -5.47 and a beta of 1.05.

Intel (NASDAQ:INTC) last issued its 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 analyst estimates of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. 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 firm earned $0.28 earnings per share. Sell-side analysts predict that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Insider Activity at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction 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 transaction, the executive vice president now owns 273,258 shares of the company’s stock, valued at $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.04% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have issued reports on INTC. Benchmark reaffirmed a “hold” rating on shares of Intel in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft decreased their target price on Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a research report on Thursday, October 3rd. Rosenblatt Securities restated a “sell” rating and set a $17.00 price target on shares of Intel in a report on Tuesday, October 29th. Needham & Company LLC restated a “hold” rating on shares of Intel in a report on Friday, November 1st. Finally, TD Cowen raised Intel to a “hold” rating in a research note on Monday, September 16th. Six equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $30.04.

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.