Lantz Financial LLC Has $559,000 Holdings in Intel Co. (NASDAQ:INTC)

Lantz Financial LLC decreased its position in shares of Intel Co. (NASDAQ:INTC) by 15.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Accel Wealth Management increased its holdings in Intel by 109.8% during the 4th quarter. Accel Wealth Management now owns 50,454 shares of the chip maker’s stock worth $1,012,000 after purchasing an additional 26,411 shares in the last quarter. Atlas Private Wealth Advisors boosted its position in shares of Intel by 75.4% during the fourth quarter. Atlas Private Wealth Advisors now owns 16,569 shares of the chip maker’s stock valued at $332,000 after buying an additional 7,124 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in Intel by 2.1% during the fourth quarter. Exchange Traded Concepts LLC now owns 279,031 shares of the chip maker’s stock worth $5,595,000 after buying an additional 5,616 shares in the last quarter. CX Institutional purchased a new stake in Intel in the 4th quarter valued at $153,000. Finally, Southland Equity Partners LLC bought a new position in Intel during the 4th quarter valued at $608,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value of $650,000.00. Following the transaction, the executive vice president now 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 Securities & Exchange Commission, which is available at this link. 0.04% of the stock is owned by company insiders.

Intel Price Performance

INTC stock opened at $20.83 on Friday. The firm has a 50 day moving average of $21.23 and a 200-day moving average of $23.02. The firm has a market capitalization of $89.84 billion, a P/E ratio of -5.60, a price-to-earnings-growth ratio of 9.72 and a beta of 1.07. Intel Co. has a 12 month low of $18.51 and a 12 month high of $50.30. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44.

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

Analyst Ratings Changes

INTC has been the subject of several analyst reports. Barclays lowered their target price on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. The Goldman Sachs Group decreased their price objective on shares of Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research note on Thursday, October 17th. UBS Group cut their target price on Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday. HSBC raised Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday. Finally, Mizuho cut their price objective on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report 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 issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $28.81.

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.