Athena Investment Management Lowers Position in Intel Co. (NASDAQ:INTC)

Athena Investment Management cut its stake in Intel Co. (NASDAQ:INTC) by 5.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,258 shares of the chip maker’s stock after selling 2,664 shares during the quarter. Athena Investment Management’s holdings in Intel were worth $948,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of INTC. Valmark Advisers Inc. grew its holdings in Intel by 10.2% during the third quarter. Valmark Advisers Inc. now owns 10,317 shares of the chip maker’s stock valued at $242,000 after purchasing an additional 957 shares during the period. Creative Financial Designs Inc. ADV grew its holdings in Intel by 152.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 66,281 shares of the chip maker’s stock valued at $1,555,000 after purchasing an additional 39,978 shares during the period. Silver Coast Investments LLC bought a new position in Intel during the third quarter valued at $212,000. Gladstone Institutional Advisory LLC grew its holdings in Intel by 29.5% during the third quarter. Gladstone Institutional Advisory LLC now owns 58,181 shares of the chip maker’s stock valued at $1,365,000 after purchasing an additional 13,270 shares during the period. Finally, Murphy Pohlad Asset Management LLC grew its holdings in Intel by 13.2% during the third quarter. Murphy Pohlad Asset Management LLC now owns 188,494 shares of the chip maker’s stock valued at $4,422,000 after purchasing an additional 22,049 shares during the period. 64.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

INTC has been the subject of a number of analyst reports. Barclays cut their price target on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Citigroup cut their price target on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Bank of America reaffirmed an “underperform” rating and issued a $21.00 price target on shares of Intel in a report on Tuesday, December 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a report on Friday, January 31st. Finally, Cantor Fitzgerald raised their price target on Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, February 18th. Five investment analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Intel currently has an average rating of “Hold” and an average price target of $26.88.

Intel Trading Up 2.8 %

Shares of INTC stock opened at $23.74 on Friday. Intel Co. has a 52-week low of $18.51 and a 52-week high of $46.63. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The firm has a market capitalization of $102.80 billion, a PE ratio of -5.42 and a beta of 1.08. The stock has a fifty day simple moving average of $21.21 and a two-hundred day simple moving average of $21.78.

Intel (NASDAQ:INTC) last announced its quarterly earnings data 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 return on equity of 3.27% and a negative net margin of 35.32%. On average, analysts predict 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.