Argyle Capital Management Inc. Reduces Holdings in Intel Co. (NASDAQ:INTC)

Argyle Capital Management Inc. cut its stake in Intel Co. (NASDAQ:INTC) by 16.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 100,003 shares of the chip maker’s stock after selling 19,050 shares during the quarter. Intel accounts for about 2.1% of Argyle Capital Management Inc.’s portfolio, making the stock its 9th biggest position. Argyle Capital Management Inc.’s holdings in Intel were worth $5,025,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Slow Capital Inc. lifted its holdings in Intel by 0.9% during the fourth quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock worth $2,749,000 after acquiring an additional 508 shares during the period. Altus Wealth Group LLC grew its position in Intel by 29.4% during the fourth quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock valued at $1,272,000 after buying an additional 5,759 shares during the period. Alera Investment Advisors LLC purchased a new stake in Intel during the fourth quarter worth about $201,000. Callan Capital LLC raised its position in Intel by 9.1% in the fourth quarter. Callan Capital LLC now owns 17,585 shares of the chip maker’s stock worth $884,000 after acquiring an additional 1,474 shares during the period. Finally, Vanguard Capital Wealth Advisors boosted its stake in Intel by 1.3% in the third quarter. Vanguard Capital Wealth Advisors now owns 45,368 shares of the chip maker’s stock valued at $1,613,000 after acquiring an additional 574 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Patrick P. Gelsinger bought 3,000 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were purchased at an average price of $43.36 per share, for a total transaction of $130,080.00. Following the completion of the acquisition, the chief executive officer now owns 28,475 shares of the company’s stock, valued at $1,234,676. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Patrick P. Gelsinger acquired 2,800 shares of Intel stock in a transaction on Thursday, February 1st. The shares were acquired at an average cost of $42.74 per share, with a total value of $119,672.00. Following the transaction, the chief executive officer now owns 31,275 shares in the company, valued at $1,336,693.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Patrick P. Gelsinger acquired 3,000 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was bought at an average price of $43.36 per share, with a total value of $130,080.00. Following the completion of the acquisition, the chief executive officer now directly owns 28,475 shares in the company, valued at approximately $1,234,676. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on INTC shares. Benchmark restated a “buy” rating and set a $62.00 price target on shares of Intel in a research note on Wednesday, April 3rd. Sanford C. Bernstein lowered their target price on Intel from $42.00 to $35.00 and set a “market perform” rating on the stock in a research note on Friday. Barclays cut their target price on shares of Intel from $44.00 to $40.00 and set an “equal weight” rating for the company in a research report on Friday. Stifel Nicolaus restated a “hold” rating and set a $45.00 target price on shares of Intel in a research report on Wednesday, April 3rd. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $50.00 price objective on shares of Intel in a research note on Wednesday, April 3rd. Four research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $39.75.

Intel Price Performance

NASDAQ INTC traded down $3.23 on Friday, reaching $31.88. 119,742,494 shares of the company’s stock traded hands, compared to its average volume of 50,613,192. Intel Co. has a 12 month low of $26.85 and a 12 month high of $51.28. The stock has a market cap of $134.79 billion, a PE ratio of 33.21, a P/E/G ratio of 2.89 and a beta of 1.00. The stock has a 50-day simple moving average of $40.88 and a 200 day simple moving average of $42.30. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.27. Intel had a net margin of 7.36% and a return on equity of 2.22%. The business had revenue of $15.40 billion during the quarter, compared to analyst estimates of $15.16 billion. During the same period in the prior year, the business posted $0.10 earnings per share. The company’s revenue was up 9.7% on a year-over-year basis. As a group, research analysts predict that Intel Co. will post 0.6 earnings per share for the current year.

Intel Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be given a dividend of $0.125 per share. The ex-dividend date is Monday, May 6th. This represents a $0.50 annualized dividend and a yield of 1.57%. Intel’s payout ratio is 52.08%.

Intel Profile

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.