Lavaca Capital LLC lessened its position in shares of Intel Co. (NASDAQ:INTC) by 2.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 144,708 shares of the chip maker’s stock after selling 3,958 shares during the quarter. Intel makes up about 0.9% of Lavaca Capital LLC’s holdings, making the stock its 6th largest position. Lavaca Capital LLC’s holdings in Intel were worth $7,209,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Baron Financial Group LLC purchased a new stake in Intel during the 3rd quarter worth about $34,000. Holloway Wealth Management LLC acquired a new position in shares of Intel in the 3rd quarter valued at about $41,000. Grace Capital acquired a new position in shares of Intel in the 3rd quarter valued at about $53,000. NuWave Investment Management LLC lifted its position in Intel by 400.0% during the 4th quarter. NuWave Investment Management LLC now owns 1,205 shares of the chip maker’s stock worth $60,000 after acquiring an additional 964 shares in the last quarter. Finally, Guinness Atkinson Asset Management Inc lifted its position in Intel by 45.6% during the 3rd quarter. Guinness Atkinson Asset Management Inc now owns 1,420 shares of the chip maker’s stock worth $74,000 after acquiring an additional 445 shares in the last quarter. 60.73% of the stock is owned by institutional investors and hedge funds.

INTC opened at $56.95 on Thursday. The company has a current ratio of 1.66, a quick ratio of 1.24 and a debt-to-equity ratio of 0.48. Intel Co. has a 1-year low of $43.61 and a 1-year high of $69.29. The company has a market capitalization of $233.38 billion, a PE ratio of 11.17, a PEG ratio of 1.36 and a beta of 0.74. The firm’s 50 day simple moving average is $49.47 and its two-hundred day simple moving average is $50.52.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, October 22nd. The chip maker reported $1.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.01. Intel had a net margin of 28.10% and a return on equity of 29.44%. The business had revenue of $18.33 billion for the quarter, compared to the consensus estimate of $18.26 billion. During the same period last year, the firm earned $1.42 earnings per share. The company’s quarterly revenue was down 4.5% on a year-over-year basis. Equities analysts forecast that Intel Co. will post 4.89 earnings per share for the current fiscal year.

A number of equities research analysts have recently weighed in on the company. Rosenblatt Securities reiterated a “sell” rating and issued a $40.00 price target (down from $45.00) on shares of Intel in a report on Friday, October 23rd. Northland Securities upgraded Intel from an “under perform” rating to a “market perform” rating and set a $46.00 price objective for the company in a report on Monday, November 2nd. Deutsche Bank Aktiengesellschaft reduced their target price on Intel from $60.00 to $55.00 and set a “hold” rating for the company in a report on Friday, October 23rd. Sanford C. Bernstein set a $40.00 target price on Intel and gave the stock a “sell” rating in a research report on Wednesday. Finally, Mizuho lowered their price objective on Intel from $63.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, October 23rd. Eleven equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eighteen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $59.62.

In other news, VP Kevin Thomas Mcbride sold 589 shares of the stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $44.96, for a total value of $26,481.44. Following the completion of the sale, the vice president now directly owns 14,486 shares of the company’s stock, valued at $651,290.56. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Robert Holmes Swan acquired 8,021 shares of Intel stock in a transaction dated Wednesday, October 28th. The stock was purchased at an average cost of $44.96 per share, with a total value of $360,624.16. Following the completion of the purchase, the chief executive officer now owns 309,844 shares of the company’s stock, valued at $13,930,586.24. The disclosure for this purchase can be found here. Corporate insiders own 0.04% of the company’s stock.

Intel Profile

Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices worldwide. The company operates through DCG, IOTG, Mobileye, NSG, PSG, CCG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products comprising accelerators, boards and systems, connectivity products, and memory and storage products.

Further Reading: What is the price-to-earnings growth (PEG) ratio?

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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