Chickasaw Capital Management LLC Has $715,000 Position in Intel Co. (NASDAQ:INTC)

Chickasaw Capital Management LLC cut its position in Intel Co. (NASDAQ:INTC) by 4.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,505 shares of the chip maker’s stock after selling 1,320 shares during the quarter. Chickasaw Capital Management LLC’s holdings in Intel were worth $715,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Synergy Investment Management LLC acquired a new stake in shares of Intel in the fourth quarter valued at approximately $27,000. Vermillion Wealth Management Inc. bought a new position in Intel during the 4th quarter worth $27,000. BankPlus Trust Department acquired a new position in Intel in the 4th quarter valued at $28,000. Keystone Financial Group Inc. bought a new stake in shares of Intel during the 4th quarter valued at $29,000. Finally, Conquis Financial LLC bought a new stake in shares of Intel during the 4th quarter valued at $32,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Rosenblatt Securities decreased their price target on Intel from $18.00 to $14.00 and set a “sell” rating on the stock in a research report on Friday, April 25th. Mizuho reduced their price objective on shares of Intel from $23.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, April 25th. Cantor Fitzgerald decreased their target price on shares of Intel from $29.00 to $20.00 and set a “neutral” rating on the stock in a report on Monday, April 21st. Barclays reaffirmed a “reduce” rating on shares of Intel in a report on Tuesday, April 22nd. Finally, Morgan Stanley decreased their price objective on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday, April 25th. Six 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 data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $21.57.

Intel Stock Performance

NASDAQ:INTC opened at $19.74 on Tuesday. The stock’s 50-day moving average is $20.60 and its 200-day moving average is $21.36. Intel Co. has a 1-year low of $17.67 and a 1-year high of $37.16. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The stock has a market cap of $86.11 billion, a P/E ratio of -4.51 and a beta of 1.15.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, topping the consensus estimate of $0.01 by $0.12. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The business had revenue of $12.67 billion for the quarter, compared to the consensus estimate of $12.26 billion. During the same period last year, the company earned $0.18 EPS. The firm’s revenue was down .4% compared to the same quarter last year. Equities research analysts anticipate that Intel Co. will post -0.11 earnings per share for the current year.

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.