Ardmore Road Asset Management LP Lowers Stock Holdings in Intel Co. (NASDAQ:INTC)

Ardmore Road Asset Management LP reduced its position in Intel Co. (NASDAQ:INTC) by 27.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 510,000 shares of the chip maker’s stock after selling 190,000 shares during the quarter. Intel makes up 1.5% of Ardmore Road Asset Management LP’s holdings, making the stock its 27th biggest holding. Ardmore Road Asset Management LP’s holdings in Intel were worth $10,226,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of INTC. Finley Financial LLC purchased a new stake in Intel in the fourth quarter worth approximately $25,000. Synergy Investment Management LLC bought a new stake in shares of Intel in the 4th quarter worth approximately $27,000. BankPlus Trust Department purchased a new stake in shares of Intel in the 4th quarter valued at $28,000. Keystone Financial Group Inc. purchased a new stake in shares of Intel in the 4th quarter valued at $29,000. Finally, West Financial Advisors LLC bought a new position in shares of Intel during the 4th quarter valued at $31,000. 64.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Cantor Fitzgerald boosted their price target on shares of Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 18th. Stifel Nicolaus lowered their target price on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday, January 31st. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Finally, Rosenblatt Securities reissued a “sell” rating and set a $20.00 price objective on shares of Intel in a research note on Thursday, January 30th. Four research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Intel presently has a consensus rating of “Hold” and an average price target of $27.04.

Intel Trading Down 2.9 %

Intel stock opened at $22.05 on Wednesday. Intel Co. has a 12 month low of $18.51 and a 12 month high of $44.08. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The business’s fifty day simple moving average is $22.36 and its two-hundred day simple moving average is $22.20. The company has a market capitalization of $95.48 billion, a price-to-earnings ratio of -5.03 and a beta of 1.02.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) 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, equities analysts predict that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Intel 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.