Poplar Forest Capital LLC Has $10.52 Million Holdings in Intel Co. (NASDAQ:INTC)

Poplar Forest Capital LLC cut its holdings in shares of Intel Co. (NASDAQ:INTC) by 22.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 524,541 shares of the chip maker’s stock after selling 149,957 shares during the period. Intel accounts for approximately 1.9% of Poplar Forest Capital LLC’s holdings, making the stock its 24th biggest holding. Poplar Forest Capital LLC’s holdings in Intel were worth $10,517,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. SVB Wealth LLC acquired a new position in Intel during the 4th quarter valued at about $2,659,000. Flputnam Investment Management Co. increased its stake in shares of Intel by 10.2% in the 4th quarter. Flputnam Investment Management Co. now owns 42,225 shares of the chip maker’s stock valued at $847,000 after acquiring an additional 3,904 shares during the last quarter. Pettyjohn Wood & White Inc. increased its stake in shares of Intel by 23.0% in the 4th quarter. Pettyjohn Wood & White Inc. now owns 19,495 shares of the chip maker’s stock valued at $391,000 after acquiring an additional 3,650 shares during the last quarter. Argyle Capital Management LLC increased its stake in shares of Intel by 7.3% in the 4th quarter. Argyle Capital Management LLC now owns 113,500 shares of the chip maker’s stock valued at $2,276,000 after acquiring an additional 7,760 shares during the last quarter. Finally, First Command Advisory Services Inc. increased its stake in shares of Intel by 14.4% in the 4th quarter. First Command Advisory Services Inc. now owns 11,768 shares of the chip maker’s stock valued at $236,000 after acquiring an additional 1,478 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Cantor Fitzgerald upped their price target on Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, February 18th. Mizuho lowered their price target on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Rosenblatt Securities reaffirmed a “sell” rating and issued a $20.00 price target on shares of Intel in a research note on Thursday, January 30th. Finally, UBS Group lowered their target price on Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Five investment analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $26.88.

Intel Trading Up 2.8 %

NASDAQ INTC opened at $23.74 on Friday. The company has a market cap of $102.80 billion, a PE ratio of -5.42 and a beta of 1.08. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. Intel Co. has a 12 month low of $18.51 and a 12 month high of $46.63. The stock has a 50 day moving average of $21.21 and a 200-day moving average of $21.78.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) 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%. On average, equities research analysts anticipate that Intel Co. will post -0.11 EPS for the current fiscal year.

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.