Poplar Forest Capital LLC Has $15.82 Million Stock Holdings in Intel Co. (NASDAQ:INTC)

Poplar Forest Capital LLC lessened its holdings in Intel Co. (NASDAQ:INTC) by 27.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 674,498 shares of the chip maker’s stock after selling 250,617 shares during the period. Intel makes up 2.2% of Poplar Forest Capital LLC’s portfolio, making the stock its 23rd biggest position. Poplar Forest Capital LLC’s holdings in Intel were worth $15,824,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in INTC. Baugh & Associates LLC increased its holdings in shares of Intel by 1.6% during the third quarter. Baugh & Associates LLC now owns 130,801 shares of the chip maker’s stock worth $2,959,000 after buying an additional 2,045 shares in the last quarter. M&G PLC increased its holdings in shares of Intel by 54.6% during the third quarter. M&G PLC now owns 5,447,922 shares of the chip maker’s stock worth $125,302,000 after buying an additional 1,923,459 shares in the last quarter. American Capital Advisory LLC increased its holdings in shares of Intel by 37.3% during the third quarter. American Capital Advisory LLC now owns 3,685 shares of the chip maker’s stock worth $86,000 after buying an additional 1,001 shares in the last quarter. Harvest Portfolios Group Inc. increased its holdings in shares of Intel by 49.4% during the third quarter. Harvest Portfolios Group Inc. now owns 24,797 shares of the chip maker’s stock worth $582,000 after buying an additional 8,195 shares in the last quarter. Finally, Radnor Capital Management LLC acquired a new stake in shares of Intel during the third quarter worth approximately $671,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Performance

NASDAQ INTC opened at $25.05 on Thursday. The firm has a 50-day moving average price of $22.01 and a two-hundred day moving average price of $26.72. Intel Co. has a 12-month low of $18.51 and a 12-month high of $51.28. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $108.04 billion, a P/E ratio of -6.73 and a beta of 1.03.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The firm had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. During the same period last year, the company posted $0.28 EPS. The business’s revenue was down 6.3% on a year-over-year basis. Analysts anticipate that Intel Co. will post -0.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on INTC. Rosenblatt Securities reissued a “sell” rating and issued a $17.00 price target on shares of Intel in a report on Tuesday, October 29th. Barclays lowered their price target on shares of Intel from $40.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, August 2nd. Needham & Company LLC reissued a “hold” rating on shares of Intel in a report on Friday, November 1st. Cantor Fitzgerald lowered their price target on shares of Intel from $40.00 to $27.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $25.00 price objective (down from $28.00) on shares of Intel in a research note on Friday, October 25th. Six investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Intel has an average rating of “Hold” and a consensus target price of $30.12.

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.