Arlington Capital Management Inc. Acquires 1,747 Shares of Intel Co. (NASDAQ:INTC)

Arlington Capital Management Inc. lifted its stake in shares of Intel Co. (NASDAQ:INTC) by 4.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 41,790 shares of the chip maker’s stock after acquiring an additional 1,747 shares during the quarter. Intel makes up approximately 0.8% of Arlington Capital Management Inc.’s holdings, making the stock its 29th biggest position. Arlington Capital Management Inc.’s holdings in Intel were worth $980,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. America First Investment Advisors LLC bought a new stake in shares of Intel in the 2nd quarter valued at approximately $25,000. Cyrus J. Lawrence LLC bought a new stake in shares of Intel during the second quarter worth $27,000. Spartan Fund Management Inc. bought a new stake in shares of Intel during the second quarter worth $31,000. Financial Connections Group Inc. bought a new position in shares of Intel in the second quarter worth about $32,000. Finally, Triad Wealth Partners LLC purchased a new position in Intel in the 2nd quarter worth about $33,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

INTC has been the topic of a number of research analyst reports. StockNews.com downgraded shares of Intel from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Raymond James downgraded Intel from an “outperform” rating to a “market perform” rating in a report on Friday, August 2nd. Northland Securities cut their price target on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday. Cantor Fitzgerald reduced 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, Benchmark reissued a “hold” rating on shares of Intel in a report on Friday. 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. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $30.12.

Intel Price Performance

Shares of NASDAQ INTC traded down $0.71 during trading on Monday, hitting $22.49. The company had a trading volume of 33,343,755 shares, compared to its average volume of 59,248,055. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $51.28. The company has a quick ratio of 1.24, a current ratio of 1.59 and a debt-to-equity ratio of 0.40. The stock has a fifty day simple moving average of $21.79 and a two-hundred day simple moving average of $26.90. The firm has a market capitalization of $96.17 billion, a price-to-earnings ratio of -6.09 and a beta of 1.03.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The firm had revenue of $13.30 billion for the quarter, compared to analysts’ expectations of $13.02 billion. Intel had a negative return on equity of 1.68% and a negative net margin of 29.42%. Intel’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.28 earnings per share. On average, research analysts expect that Intel Co. will post -0.47 earnings per share for the current 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.