Richard P Slaughter Associates Inc Acquires 3,676 Shares of Intel Co. (NASDAQ:INTC)

Richard P Slaughter Associates Inc grew its holdings in shares of Intel Co. (NASDAQ:INTC – Get Rating) by 8.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 46,996 shares of the chip maker’s stock after purchasing an additional 3,676 shares during the quarter. Richard P Slaughter Associates Inc’s holdings in Intel were worth $1,242,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of INTC. CWA Asset Management Group LLC lifted its holdings in shares of Intel by 358.9% in the 4th quarter. CWA Asset Management Group LLC now owns 100,011 shares of the chip maker’s stock worth $2,643,000 after purchasing an additional 78,219 shares in the last quarter. Brookstone Capital Management lifted its holdings in shares of Intel by 455.9% in the 4th quarter. Brookstone Capital Management now owns 651,535 shares of the chip maker’s stock worth $18,719,000 after purchasing an additional 534,339 shares in the last quarter. Weaver Consulting Group lifted its holdings in shares of Intel by 3.2% in the 4th quarter. Weaver Consulting Group now owns 12,894 shares of the chip maker’s stock worth $341,000 after purchasing an additional 394 shares in the last quarter. Independence Bank of Kentucky lifted its holdings in shares of Intel by 7.9% in the 4th quarter. Independence Bank of Kentucky now owns 35,801 shares of the chip maker’s stock worth $946,000 after purchasing an additional 2,620 shares in the last quarter. Finally, MinichMacGregor Wealth Management LLC bought a new position in shares of Intel in the 4th quarter worth $87,000. 59.48% of the stock is currently owned by institutional investors.

Intel Stock Performance

Shares of INTC opened at $29.81 on Friday. The company has a market cap of $123.32 billion, a PE ratio of 15.21, a price-to-earnings-growth ratio of 8.95 and a beta of 0.81. The company has a current ratio of 1.57, a quick ratio of 1.16 and a debt-to-equity ratio of 0.36. The stock has a 50-day moving average price of $28.09 and a 200-day moving average price of $28.14. Intel Co. has a 12-month low of $24.59 and a 12-month high of $52.51.

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

Intel Cuts Dividend

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

Analyst Upgrades and Downgrades

INTC has been the subject of a number of analyst reports. Wells Fargo & Company lowered their price target on Intel from $32.00 to $26.00 and set an “equal weight” rating for the company in a research report on Friday, January 27th. The Goldman Sachs Group set a $24.00 price target on Intel in a research report on Friday, January 27th. Robert W. Baird lowered their price target on Intel from $34.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday, January 27th. Truist Financial lowered their price target on Intel from $33.00 to $29.00 in a research report on Friday, January 27th. Finally, Evercore ISI set a $30.00 price target on Intel in a research report on Wednesday, November 23rd. Eight analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Intel currently has a consensus rating of “Hold” and an average target price of $29.38.

Insider Activity at Intel

In other news, CEO Patrick P. Gelsinger acquired 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 31st. The shares were bought at an average cost of $27.83 per share, with a total value of $250,470.00. Following the acquisition, the chief executive officer now owns 9,000 shares in the company, valued at approximately $250,470. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Patrick P. Gelsinger acquired 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 31st. The shares were bought at an average cost of $27.83 per share, with a total value of $250,470.00. Following the acquisition, the chief executive officer now owns 9,000 shares in the company, valued at approximately $250,470. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Patrick P. Gelsinger acquired 9,700 shares of the firm’s stock in a transaction that occurred on Thursday, February 23rd. The shares were purchased at an average cost of $25.68 per share, for a total transaction of $249,096.00. Following the completion of the acquisition, the chief executive officer now owns 18,700 shares in the company, valued at approximately $480,216. The disclosure for this purchase can be found here. In the last three months, insiders have bought 20,500 shares of company stock valued at $549,768. Corporate insiders own 0.02% of the company’s stock.

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.