Stephens Inc. AR Reduces Position in Intel Co. (NASDAQ:INTC)

Stephens Inc. AR trimmed its position in Intel Co. (NASDAQ:INTC) by 34.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 107,009 shares of the chip maker’s stock after selling 55,635 shares during the quarter. Stephens Inc. AR’s holdings in Intel were worth $2,146,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in shares of Intel by 4.6% during the third quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock valued at $2,162,891,000 after acquiring an additional 4,103,553 shares during the last quarter. Relyea Zuckerberg Hanson LLC increased its holdings in Intel by 211.6% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker’s stock valued at $579,000 after purchasing an additional 19,625 shares during the period. Principal Financial Group Inc. raised its position in Intel by 4.4% during the 3rd quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker’s stock valued at $113,244,000 after purchasing an additional 204,200 shares during the last quarter. Empirical Asset Management LLC purchased a new stake in Intel in the 4th quarter worth approximately $276,000. Finally, Swiss National Bank grew its position in shares of Intel by 0.3% in the 3rd quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker’s stock worth $296,426,000 after buying an additional 31,800 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.

Intel Stock Up 6.1 %

INTC stock opened at $20.97 on Wednesday. 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 1-year low of $18.51 and a 1-year high of $46.63. The stock has a market capitalization of $90.80 billion, a P/E ratio of -4.79 and a beta of 1.08. The business has a fifty day moving average price of $20.23 and a 200-day moving average price of $21.78.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. Equities analysts forecast that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on INTC shares. JPMorgan Chase & Co. dropped their price target on Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a research note on Friday, January 31st. HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Northland Securities reduced their price target on shares of Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Benchmark restated a “hold” rating on shares of Intel in a report on Friday, January 31st. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Intel in a report on Friday, January 31st. Five investment analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Intel currently has a consensus rating of “Hold” and an average target price of $26.60.

Intel Company 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.