Arlington Capital Management Inc. Has $764,000 Stock Position in Intel Co. (NASDAQ:INTC)

Arlington Capital Management Inc. reduced its stake in shares of Intel Co. (NASDAQ:INTC) by 8.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 38,087 shares of the chip maker’s stock after selling 3,703 shares during the quarter. Arlington Capital Management Inc.’s holdings in Intel were worth $764,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in INTC. Assenagon Asset Management S.A. raised its position in Intel by 264.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker’s stock valued at $393,323,000 after acquiring an additional 14,227,458 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Intel by 28.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 58,469,412 shares of the chip maker’s stock valued at $1,371,692,000 after purchasing an additional 12,865,308 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of Intel by 224.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 10,413,544 shares of the chip maker’s stock valued at $244,302,000 after purchasing an additional 7,207,785 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Intel by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker’s stock worth $7,400,439,000 after purchasing an additional 6,143,164 shares in the last quarter. Finally, State Street Corp increased its position in Intel by 2.8% during the third quarter. State Street Corp now owns 197,958,739 shares of the chip maker’s stock worth $4,644,112,000 after buying an additional 5,417,753 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Down 0.1 %

Intel stock opened at $24.20 on Wednesday. The firm has a market capitalization of $104.79 billion, a price-to-earnings ratio of -5.53 and a beta of 1.02. The company’s 50 day simple moving average is $22.15 and its 200 day simple moving average is $22.08. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $45.41.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. As a group, sell-side analysts anticipate that Intel Co. will post -0.11 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on INTC. Citigroup decreased their price target on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research report on Friday, January 31st. Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Roth Mkm decreased their price objective on shares of Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. cut their target price on shares of Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $27.04.

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.