Intel Co. (NASDAQ:INTC) Position Cut by Southland Equity Partners LLC

Southland Equity Partners LLC trimmed its holdings in Intel Co. (NASDAQ:INTC) by 3.6% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 29,249 shares of the chip maker’s stock after selling 1,077 shares during the quarter. Southland Equity Partners LLC’s holdings in Intel were worth $664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cornerstone Advisory LLC lifted its position in Intel by 4.3% in the fourth quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker’s stock worth $198,000 after purchasing an additional 409 shares during the period. Evergreen Capital Management LLC lifted its position in shares of Intel by 1.0% during the 4th quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker’s stock valued at $840,000 after acquiring an additional 419 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of Intel by 0.3% during the fourth quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker’s stock valued at $3,263,000 after purchasing an additional 456 shares during the last quarter. Ausdal Financial Partners Inc. lifted its holdings in shares of Intel by 2.0% during the fourth quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker’s stock valued at $501,000 after purchasing an additional 500 shares during the last quarter. Finally, Wealth Quarterback LLC lifted its holdings in shares of Intel by 2.0% during the fourth quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker’s stock valued at $510,000 after purchasing an additional 508 shares during the last quarter. 64.53% of the stock is owned by institutional investors.

Intel Price Performance

Shares of INTC stock opened at $20.14 on Friday. The stock has a 50 day moving average of $20.43 and a two-hundred day moving average of $21.16. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. Intel Co. has a 12 month low of $17.67 and a 12 month high of $37.16. The company has a market capitalization of $87.85 billion, a P/E ratio of -4.60 and a beta of 1.12.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.12. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The company had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. During the same quarter last year, the company earned $0.18 EPS. The company’s quarterly revenue was down .4% on a year-over-year basis. As a group, equities analysts expect that Intel Co. will post -0.11 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Citigroup reaffirmed a “sell” rating on shares of Intel in a report on Friday, April 25th. Wall Street Zen raised Intel from a “sell” rating to a “hold” rating in a research report on Saturday, May 24th. Morgan Stanley dropped their target price on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Friday, April 25th. Cfra Research raised Intel to a “hold” rating in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. lowered their price objective on Intel from $23.00 to $20.00 and set an “underweight” rating on the stock in a report on Friday, April 25th. Six research 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 stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $21.57.

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.