Chickasaw Capital Management LLC Has $658,000 Stock Position in Intel Co. (NASDAQ:INTC)

Chickasaw Capital Management LLC lowered its holdings in shares of Intel Co. (NASDAQ:INTC) by 2.4% during the fourth quarter, HoldingsChannel reports. The firm owned 32,825 shares of the chip maker’s stock after selling 800 shares during the quarter. Chickasaw Capital Management LLC’s holdings in Intel were worth $658,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of INTC. America First Investment Advisors LLC acquired a new position in Intel during the 2nd quarter worth approximately $25,000. Cyrus J. Lawrence LLC acquired a new position in Intel during the second quarter worth $27,000. Quest Partners LLC grew its position in Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 1,253 shares in the last quarter. Groupama Asset Managment increased its stake in Intel by 6.3% in the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock valued at $32,000 after buying an additional 8,084 shares during the last quarter. Finally, FSA Wealth Management LLC bought a new stake in Intel during the 3rd quarter worth about $34,000. Institutional investors own 64.53% of the company’s stock.

Intel Trading Up 0.6 %

Shares of NASDAQ:INTC traded up $0.12 on Tuesday, hitting $19.99. The company had a trading volume of 44,921,699 shares, compared to its average volume of 55,093,500. Intel Co. has a 1 year low of $18.51 and a 1 year high of $50.30. The firm has a market capitalization of $86.22 billion, a price-to-earnings ratio of -5.37 and a beta of 1.07. The firm’s 50-day simple moving average is $22.25 and its two-hundred day simple moving average is $23.97. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.44). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The firm had revenue of $13.30 billion during the quarter, compared to analysts’ expectations of $13.02 billion. During the same period last year, the firm posted $0.28 earnings per share. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. Equities analysts anticipate that Intel Co. will post -0.87 earnings per share for the current fiscal year.

Insider Activity

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the sale, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at $7,104,708. This trade represents a 8.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.04% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on INTC. Rosenblatt Securities reiterated a “sell” rating and set a $17.00 target price on shares of Intel in a report on Tuesday, October 29th. Benchmark reaffirmed a “hold” rating on shares of Intel in a research report on Friday, November 1st. Stifel Nicolaus restated a “hold” rating and set a $25.00 price objective (down from $28.00) on shares of Intel in a research note on Friday, October 25th. Northland Securities reduced their price target on Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, Bank of America reaffirmed an “underperform” rating and issued a $21.00 price objective on shares of Intel in a research report on Tuesday, December 3rd. Six research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $30.04.

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.