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

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

Other large investors also recently modified their holdings of the company. New Millennium Group LLC grew its position in Intel by 87.2% in the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after purchasing an additional 231 shares during the period. Legacy Financial Group LLC acquired a new stake in Intel in the 3rd quarter valued at $30,000. Raleigh Capital Management Inc. grew its position in Intel by 62.8% in the 3rd quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock valued at $33,000 after purchasing an additional 362 shares during the period. Valued Wealth Advisors LLC acquired a new stake in Intel in the 4th quarter valued at $36,000. Finally, Briaud Financial Planning Inc acquired a new stake in Intel in the 3rd quarter valued at $40,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insider Buying and Selling at Intel

In related news, CEO Patrick P. Gelsinger bought 3,000 shares of Intel stock in a transaction on Monday, January 29th. The stock was acquired 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 acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Intel news, CEO Patrick P. Gelsinger acquired 3,000 shares of the business’s 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 completion of the acquisition, the chief executive officer now owns 28,475 shares of the company’s stock, valued at $1,234,676. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Patrick P. Gelsinger acquired 2,800 shares of the business’s stock in a transaction dated 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 acquisition, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Intel Stock Performance

Intel stock traded down $3.23 during midday trading on Friday, reaching $31.88. The stock had a trading volume of 119,742,494 shares, 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 firm’s 50-day moving average price is $40.88 and its 200 day moving average price is $42.23. The firm has a market capitalization of $134.79 billion, a PE ratio of 33.21, a P/E/G ratio of 3.19 and a beta of 1.00. 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 (NASDAQ:INTC) last posted its earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.27. The business had revenue of $15.40 billion during the quarter, compared to analyst estimates of $15.16 billion. Intel had a return on equity of 2.22% and a net margin of 7.36%. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.10 EPS. As a group, research analysts predict that Intel Co. will post 0.6 earnings per share for the current fiscal year.

Intel Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders 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 of this dividend is Monday, May 6th. Intel’s payout ratio is presently 52.08%.

Analyst Ratings Changes

Several research firms recently issued reports on INTC. Wells Fargo & Company reduced their price target on shares of Intel from $43.00 to $38.00 and set an “equal weight” rating for the company in a research report on Friday. Evercore ISI cut their price objective on shares of Intel from $40.00 to $36.00 and set an “in-line” rating on the stock in a report on Friday. Mizuho cut their price objective on shares of Intel from $55.00 to $45.00 and set a “buy” rating on the stock in a report on Friday. Wedbush cut their price objective on shares of Intel from $40.00 to $32.50 and set a “neutral” rating on the stock in a report on Friday. Finally, Roth Mkm cut their price objective on shares of Intel from $45.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday. Four analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Intel presently has an average rating of “Hold” and a consensus price target of $39.75.

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.