Southland Equity Partners LLC Invests $608,000 in Intel Co. (NASDAQ:INTC)

Southland Equity Partners LLC acquired a new stake in shares of Intel Co. (NASDAQ:INTC) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 30,326 shares of the chip maker’s stock, valued at approximately $608,000.

Other institutional investors have also added to or reduced their stakes in the company. Sound Income Strategies LLC lifted its stake in Intel by 20.5% in the 4th quarter. Sound Income Strategies LLC now owns 7,551 shares of the chip maker’s stock worth $151,000 after purchasing an additional 1,285 shares in the last quarter. Johnson Bixby & Associates LLC increased its holdings in shares of Intel by 19.3% in the fourth quarter. Johnson Bixby & Associates LLC now owns 59,720 shares of the chip maker’s stock worth $1,197,000 after purchasing an additional 9,678 shares during the period. IVC Wealth Advisors LLC increased its holdings in shares of Intel by 21.9% in the fourth quarter. IVC Wealth Advisors LLC now owns 17,373 shares of the chip maker’s stock worth $348,000 after purchasing an additional 3,116 shares during the period. Mutual Advisors LLC raised its position in shares of Intel by 15.9% in the fourth quarter. Mutual Advisors LLC now owns 194,173 shares of the chip maker’s stock worth $3,819,000 after buying an additional 26,671 shares in the last quarter. Finally, Traynor Capital Management Inc. boosted its stake in Intel by 128.1% during the fourth quarter. Traynor Capital Management Inc. now owns 26,840 shares of the chip maker’s stock valued at $538,000 after buying an additional 15,074 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Insider Activity

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the transaction, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at $7,104,708. This represents a 8.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.04% of the company’s stock.

Intel Price Performance

INTC stock opened at $21.57 on Friday. The business has a 50-day moving average price of $21.37 and a 200 day moving average price of $23.12. 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 1-year low of $18.51 and a 1-year high of $50.30.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. During the same quarter in the prior year, the business posted $0.28 earnings per share. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. As a group, equities research analysts anticipate that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on INTC. Benchmark reaffirmed a “hold” rating on shares of Intel in a report on Friday, November 1st. Citigroup dropped their target price on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday. UBS Group cut their price target on shares of Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday. Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday, November 1st. Finally, Rosenblatt Securities reiterated a “sell” rating and issued a $17.00 target price on shares of Intel in a research report on Tuesday, October 29th. Five equities research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $28.81.

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.