CWA Asset Management Group LLC Increases Position in Intel Co. (NASDAQ:INTC)

CWA Asset Management Group LLC raised its holdings in shares of Intel Co. (NASDAQ:INTC – Get Rating) by 358.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,011 shares of the chip maker’s stock after buying an additional 78,219 shares during the period. CWA Asset Management Group LLC’s holdings in Intel were worth $2,643,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Brookstone Capital Management raised its stake in shares of Intel by 455.9% during the fourth quarter. Brookstone Capital Management now owns 651,535 shares of the chip maker’s stock valued at $18,719,000 after acquiring an additional 534,339 shares in the last quarter. Weaver Consulting Group raised its stake in shares of Intel by 3.2% during the fourth quarter. Weaver Consulting Group now owns 12,894 shares of the chip maker’s stock valued at $341,000 after acquiring an additional 394 shares in the last quarter. Independence Bank of Kentucky raised its stake in shares of Intel by 7.9% during the fourth quarter. Independence Bank of Kentucky now owns 35,801 shares of the chip maker’s stock valued at $946,000 after acquiring an additional 2,620 shares in the last quarter. MinichMacGregor Wealth Management LLC bought a new position in Intel in the fourth quarter worth approximately $87,000. Finally, GoalVest Advisory LLC raised its stake in Intel by 15.4% in the fourth quarter. GoalVest Advisory LLC now owns 30,717 shares of the chip maker’s stock worth $812,000 after buying an additional 4,109 shares in the last quarter. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Insider Buying and Selling

In related news, CEO Patrick P. Gelsinger purchased 9,700 shares of Intel stock in a transaction that occurred on Thursday, February 23rd. The stock was purchased at an average price of $25.68 per share, for a total transaction of $249,096.00. Following the transaction, the chief executive officer now directly owns 18,700 shares in the company, valued at $480,216. The acquisition was disclosed in a document filed with the SEC, which is available at this link. In other Intel news, CEO Patrick P. Gelsinger acquired 9,700 shares of the business’s stock in a transaction on Thursday, February 23rd. The stock was bought at an average price of $25.68 per share, for a total transaction of $249,096.00. Following the acquisition, the chief executive officer now owns 18,700 shares in the company, valued at $480,216. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David Zinsner acquired 1,800 shares of the business’s stock in a transaction on Monday, January 30th. The stock was acquired at an average price of $27.89 per share, with a total value of $50,202.00. Following the acquisition, the chief financial officer now owns 17,450 shares in the company, valued at approximately $486,680.50. The disclosure for this purchase can be found here. Insiders purchased a total of 20,500 shares of company stock worth $549,768 in the last 90 days. Insiders own 0.02% of the company’s stock.

Intel Trading Down 1.2 %

Shares of Intel stock opened at $29.81 on Friday. The firm has a 50-day simple moving average of $28.09 and a two-hundred day simple moving average of $28.14. The company has a market cap of $123.32 billion, a P/E ratio of 15.21, a price-to-earnings-growth ratio of 8.95 and a beta of 0.81. Intel Co. has a fifty-two week low of $24.59 and a fifty-two week high of $52.51. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.16 and a current ratio of 1.57.

Intel (NASDAQ:INTC – Get Rating) last issued its quarterly earnings data on Thursday, January 26th. The chip maker reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.10). Intel had a return on equity of 7.45% and a net margin of 12.71%. The firm had revenue of $14.04 billion during the quarter, compared to analyst estimates of $14.49 billion. During the same quarter last year, the company posted $1.09 EPS. The company’s revenue was down 31.6% on a year-over-year basis. As a group, equities analysts predict that Intel Co. will post 0.55 earnings per share for the current fiscal year.

Intel Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Sunday, May 7th will be given a dividend of $0.125 per share. The ex-dividend date is Thursday, May 4th. This represents a $0.50 annualized dividend and a dividend yield of 1.68%. Intel’s dividend payout ratio (DPR) is presently 74.49%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. The Goldman Sachs Group set a $24.00 price objective on shares of Intel in a research note on Friday, January 27th. Barclays reduced their price objective on shares of Intel from $30.00 to $27.00 and set an “equal weight” rating for the company in a research note on Friday, January 27th. Sanford C. Bernstein set a $20.00 price objective on shares of Intel in a research note on Friday, January 27th. Cowen began coverage on shares of Intel in a report on Monday, November 21st. They issued a “market perform” rating and a $31.00 price target on the stock. Finally, Raymond James began coverage on shares of Intel in a report on Wednesday, March 1st. They issued an “outperform” rating and a $30.00 price target on the stock. Eight research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $29.38.

Intel Profile

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Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center and AI (DCAI), Network and Edge (NEX), Mobileye, Accelerated Computing Systems and Graphics (AXG), Intel Foundry Services (IFS), and All Other.