Bank OZK Has $760,000 Stake in Intel Co. (NASDAQ:INTC)

Bank OZK trimmed its stake in Intel Co. (NASDAQ:INTC) by 8.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,119 shares of the chip maker’s stock after selling 1,397 shares during the period. Bank OZK’s holdings in Intel were worth $760,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of INTC. CX Institutional lifted its holdings in shares of Intel by 13.4% during the 3rd quarter. CX Institutional now owns 20,985 shares of the chip maker’s stock worth $746,000 after acquiring an additional 2,474 shares during the period. Simplicity Solutions LLC lifted its holdings in Intel by 45.5% during the 3rd quarter. Simplicity Solutions LLC now owns 111,005 shares of the chip maker’s stock valued at $3,946,000 after purchasing an additional 34,739 shares during the last quarter. Connecticut Wealth Management LLC lifted its holdings in Intel by 7.3% during the 3rd quarter. Connecticut Wealth Management LLC now owns 12,751 shares of the chip maker’s stock valued at $453,000 after purchasing an additional 872 shares during the last quarter. Ballentine Partners LLC lifted its holdings in Intel by 5.6% during the 3rd quarter. Ballentine Partners LLC now owns 53,308 shares of the chip maker’s stock valued at $1,895,000 after purchasing an additional 2,806 shares during the last quarter. Finally, TFG Advisers LLC lifted its holdings in Intel by 2.8% during the 3rd quarter. TFG Advisers LLC now owns 14,521 shares of the chip maker’s stock valued at $516,000 after purchasing an additional 391 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Trading Down 9.2 %

NASDAQ INTC traded down $3.23 during trading on Friday, reaching $31.88. 119,742,494 shares of the stock traded hands, compared to its average volume of 50,613,192. The firm has a market cap of $134.79 billion, a price-to-earnings ratio of 33.21, a price-to-earnings-growth ratio of 3.19 and a beta of 1.00. The stock’s 50-day moving average price is $40.88 and its 200 day moving average price is $42.23. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43. Intel Co. has a fifty-two week low of $26.85 and a fifty-two week high of $51.28.

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

Intel Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on INTC. Needham & Company LLC reissued a “hold” rating on shares of Intel in a report on Friday. TD Cowen cut their price target on shares of Intel from $42.00 to $35.00 and set a “hold” rating for the company in a report on Friday. Sanford C. Bernstein cut their price target on shares of Intel from $42.00 to $35.00 and set a “market perform” rating for the company in a report on Friday. Roth Mkm dropped their target price on shares of Intel from $45.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Evercore ISI dropped their target price on shares of Intel from $40.00 to $36.00 and set an “in-line” rating for the company in a research note on Friday. Four investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $39.75.

Insider Activity at Intel

In related news, CEO Patrick P. Gelsinger purchased 2,800 shares of Intel stock in a transaction dated Thursday, February 1st. The stock was bought at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the acquisition, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Patrick P. Gelsinger purchased 2,800 shares of Intel stock in a transaction dated Thursday, February 1st. The stock was bought at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the acquisition, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Patrick P. Gelsinger purchased 3,000 shares of Intel stock in a transaction dated 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 acquisition, the chief executive officer now directly owns 28,475 shares of the company’s stock, valued at $1,234,676. The disclosure for this purchase can be found here. Corporate insiders own 0.04% of the company’s stock.

Intel Company 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.