Advisory Resource Group Boosts Stock Position in Intel Co. (NASDAQ:INTC)

Advisory Resource Group grew its stake in Intel Co. (NASDAQ:INTCGet Rating) by 18.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,211 shares of the chip maker’s stock after purchasing an additional 7,643 shares during the period. Advisory Resource Group’s holdings in Intel were worth $2,451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the company. Dorsey & Whitney Trust CO LLC lifted its holdings in Intel by 2.1% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 96,329 shares of the chip maker’s stock valued at $4,962,000 after acquiring an additional 2,017 shares during the last quarter. Nicolet Advisory Services LLC lifted its holdings in Intel by 7.6% in the fourth quarter. Nicolet Advisory Services LLC now owns 11,627 shares of the chip maker’s stock valued at $599,000 after acquiring an additional 824 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in Intel by 2.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 1,410,791 shares of the chip maker’s stock valued at $72,656,000 after acquiring an additional 31,608 shares during the last quarter. Martin Capital Advisors LLP acquired a new position in Intel in the fourth quarter valued at approximately $1,043,000. Finally, Fiera Capital Corp lifted its stake in Intel by 4.4% during the fourth quarter. Fiera Capital Corp now owns 50,184 shares of the chip maker’s stock worth $2,584,000 after purchasing an additional 2,093 shares in the last quarter. Institutional investors and hedge funds own 61.73% of the company’s stock.

Shares of INTC stock traded down $3.25 during midday trading on Friday, reaching $43.59. 70,726,586 shares of the company traded hands, compared to its average volume of 28,566,700. The firm’s 50 day simple moving average is $47.45 and its two-hundred day simple moving average is $49.65. Intel Co. has a 1-year low of $43.50 and a 1-year high of $58.43. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.10 and a quick ratio of 1.71. The firm has a market cap of $178.22 billion, a PE ratio of 7.24, a price-to-earnings-growth ratio of 1.74 and a beta of 0.55.

Intel (NASDAQ:INTCGet Rating) last posted its quarterly earnings results on Thursday, April 28th. The chip maker reported $0.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.08. Intel had a net margin of 25.14% and a return on equity of 25.52%. The company had revenue of $18.40 billion during the quarter, compared to the consensus estimate of $18.32 billion. During the same period last year, the firm earned $1.39 EPS. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. As a group, research analysts anticipate that Intel Co. will post 3.47 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Saturday, May 7th will be paid a dividend of $0.365 per share. The ex-dividend date of this dividend is Thursday, May 5th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 3.35%. Intel’s dividend payout ratio (DPR) is 24.25%.

A number of research analysts have commented on INTC shares. Deutsche Bank Aktiengesellschaft set a $55.00 price target on Intel in a research note on Friday, February 18th. StockNews.com lowered Intel from a “strong-buy” rating to a “buy” rating in a research report on Friday. Barclays set a $45.00 price objective on Intel in a research report on Friday. Mizuho cut their price objective on Intel from $55.00 to $53.00 and set a “neutral” rating on the stock in a research report on Thursday, January 27th. Finally, Truist Financial cut their price objective on Intel from $53.00 to $49.00 in a research report on Friday, April 8th. Nine investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $54.25.

In other news, CEO Patrick P. Gelsinger bought 5,600 shares of the stock in a transaction on Tuesday, February 22nd. The stock was purchased at an average cost of $44.27 per share, with a total value of $247,912.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Omar Ishrak bought 11,025 shares of the stock in a transaction on Tuesday, February 22nd. The stock was purchased at an average cost of $45.11 per share, with a total value of $497,337.75. The disclosure for this purchase can be found here. Company insiders own 0.02% of the company’s stock.

Intel Profile (Get Rating)

Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products, including accelerators, boards and systems, connectivity products, graphics, and memory and storage products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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