Flaharty Asset Management LLC Has $463,000 Holdings in Intel Co. (NASDAQ:INTC)

Flaharty Asset Management LLC decreased its holdings in Intel Co. (NASDAQ:INTC) by 3.5% in the 4th quarter, HoldingsChannel reports. The firm owned 9,215 shares of the chip maker’s stock after selling 338 shares during the quarter. Flaharty Asset Management LLC’s holdings in Intel were worth $463,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Red Wave Investments LLC bought a new stake in shares of Intel during the fourth quarter worth $214,000. Silver Oak Securities Incorporated grew its position in shares of Intel by 18.7% during the 4th quarter. Silver Oak Securities Incorporated now owns 28,324 shares of the chip maker’s stock worth $1,423,000 after buying an additional 4,457 shares during the period. Meridian Wealth Partners LLC acquired a new position in Intel in the fourth quarter valued at approximately $212,000. Magnus Financial Group LLC bought a new stake in shares of Intel during the 4th quarter valued at $261,000. Finally, DDFG Inc acquired a new position in shares of Intel in the 4th quarter valued at $205,000. Institutional investors own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on INTC shares. Wells Fargo & Company cut their target price on Intel from $43.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Friday. Morgan Stanley decreased their price objective on shares of Intel from $48.00 to $36.00 and set an “equal weight” rating for the company in a report on Friday. Mizuho decreased their price target on shares of Intel from $55.00 to $45.00 and set a “buy” rating for the company in a report on Friday. Stifel Nicolaus reiterated a “hold” rating and issued a $45.00 price objective on shares of Intel in a research report on Wednesday, April 3rd. Finally, Sanford C. Bernstein cut their price objective on shares of Intel from $42.00 to $35.00 and set a “market perform” rating on the stock in a research report on Friday. Four research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Intel presently has a consensus rating of “Hold” and an average target price of $39.75.

Intel Trading Down 1.7 %

Intel stock traded down $0.53 during trading hours on Monday, hitting $31.35. The stock had a trading volume of 14,122,057 shares, compared to its average volume of 47,691,598. The stock has a market cap of $132.55 billion, a price-to-earnings ratio of 33.24, a P/E/G ratio of 2.89 and a beta of 1.00. The company has a quick ratio of 1.14, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. The business’s 50 day simple moving average is $40.88 and its 200-day simple moving average is $42.30. Intel Co. has a one year low of $26.85 and a one year high of $51.28.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, topping the consensus estimate of $0.27 by $0.27. Intel had a net margin of 7.36% and a return on equity of 2.19%. The business had revenue of $15.40 billion for the quarter, compared to the consensus estimate of $15.16 billion. During the same period last year, the company earned $0.10 EPS. The firm’s revenue was up 9.7% compared to the same quarter last year. On average, equities analysts predict that Intel Co. will post 0.6 EPS for the current fiscal year.

Intel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.59%. Intel’s dividend payout ratio is 52.08%.

Insider Activity at Intel

In related news, CEO Patrick P. Gelsinger purchased 2,800 shares of Intel stock in a transaction on Thursday, February 1st. The shares were purchased at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the transaction, the chief executive officer now owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.04% of the stock is currently owned by company insiders.

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.