Lantz Financial LLC Sells 5,051 Shares of Intel Co. (NASDAQ:INTC)

Lantz Financial LLC lowered its holdings in shares of Intel Co. (NASDAQ:INTC) by 15.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 27,899 shares of the chip maker’s stock after selling 5,051 shares during the quarter. Lantz Financial LLC’s holdings in Intel were worth $559,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in INTC. Finley Financial LLC purchased a new position in Intel during the 4th quarter valued at about $25,000. Quest Partners LLC grew its position in shares of Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after buying an additional 1,253 shares during the last quarter. West Financial Advisors LLC purchased a new position in shares of Intel during the fourth quarter valued at approximately $31,000. Groupama Asset Managment raised its holdings in shares of Intel by 6.3% during the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock valued at $32,000 after acquiring an additional 8,084 shares in the last quarter. Finally, Sawyer & Company Inc purchased a new stake in Intel in the fourth quarter worth $32,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. HSBC raised Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday. Barclays decreased their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Northland Securities reduced their target price on shares of Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Intel from $27.00 to $25.00 and set a “hold” rating for the company in a research report on Thursday, October 3rd. Finally, Mizuho decreased their target price on shares of Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Five investment analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $28.81.

Insider Activity at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value 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. The trade was a 8.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.04% of the company’s stock.

Intel Stock Performance

NASDAQ INTC opened at $20.83 on Friday. The firm has a market capitalization of $89.84 billion, a P/E ratio of -5.60, a PEG ratio of 9.72 and a beta of 1.07. The stock has a 50-day simple moving average of $21.23 and a two-hundred day simple moving average of $23.02. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $50.30.

Intel (NASDAQ:INTC) last announced 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). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The company had revenue of $13.30 billion for the quarter, compared to analysts’ expectations of $13.02 billion. During the same quarter in the prior year, the business posted $0.28 earnings per share. The firm’s revenue was down 6.3% compared to the same quarter last year. On average, equities analysts forecast that Intel Co. will post -0.87 earnings per share for the current year.

About Intel

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.