Lavaca Capital LLC Boosts Stock Position in Intel Co. (NASDAQ:INTC)

Lavaca Capital LLC increased its stake in shares of Intel Co. (NASDAQ:INTC) by 61.8% in the 1st quarter, Holdings Channel reports. The firm owned 11,266 shares of the chip maker’s stock after purchasing an additional 4,305 shares during the period. Lavaca Capital LLC’s holdings in Intel were worth $498,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Frazier Financial Advisors LLC purchased a new position in shares of Intel in the fourth quarter valued at approximately $27,000. Burkett Financial Services LLC acquired a new position in Intel in the 4th quarter valued at $27,000. Tributary Capital Management LLC purchased a new position in Intel in the 1st quarter valued at $27,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in Intel during the 1st quarter worth $36,000. Finally, Signature Resources Capital Management LLC purchased a new stake in shares of Intel during the fourth quarter worth $37,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Trading Down 1.7 %

INTC traded down $0.52 during mid-day trading on Monday, hitting $30.83. 32,275,909 shares of the stock were exchanged, compared to its average volume of 47,858,672. The firm’s fifty day moving average is $31.61 and its two-hundred day moving average is $37.24. Intel Co. has a 1-year low of $29.73 and a 1-year high of $51.28. The company has a market cap of $131.24 billion, a PE ratio of 32.11, a PEG ratio of 18.76 and a beta of 1.05. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, April 25th. The chip maker reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Intel had a return on equity of 2.19% and a net margin of 7.36%. The business had revenue of $12.72 billion for the quarter, compared to analyst estimates of $12.76 billion. Equities analysts forecast that Intel Co. will post 0.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

INTC has been the topic of several research reports. Stifel Nicolaus reissued a “hold” rating and issued a $45.00 price target on shares of Intel in a research note on Wednesday, April 3rd. StockNews.com cut Intel from a “hold” rating to a “sell” rating in a report on Wednesday, July 24th. Morgan Stanley cut their price target on Intel from $48.00 to $36.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. JPMorgan Chase & Co. lowered their price objective on Intel from $37.00 to $35.00 and set an “underweight” rating on the stock in a research note on Friday, April 26th. Finally, Bank of America lowered their price target on shares of Intel from $50.00 to $44.00 and set a “neutral” rating on the stock in a research report on Friday, April 12th. Four research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $39.65.

Insider Activity at Intel

In related news, CEO Patrick P. Gelsinger acquired 4,100 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were acquired at an average price of $30.29 per share, with a total value of $124,189.00. Following the completion of the transaction, the chief executive officer now owns 39,375 shares of the company’s stock, valued at $1,192,668.75. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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.