Baugh & Associates LLC Buys 7,272 Shares of Intel Co. (NASDAQ:INTC)

Baugh & Associates LLC grew its holdings in shares of Intel Co. (NASDAQ:INTC) by 5.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 133,757 shares of the chip maker’s stock after acquiring an additional 7,272 shares during the period. Intel comprises 3.1% of Baugh & Associates LLC’s holdings, making the stock its 13th largest holding. Baugh & Associates LLC’s holdings in Intel were worth $5,908,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in INTC. New Millennium Group LLC increased its holdings in shares of Intel by 87.2% during the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after acquiring an additional 231 shares in the last quarter. Frazier Financial Advisors LLC bought a new position in shares of Intel in the fourth quarter valued at $27,000. Burkett Financial Services LLC acquired a new position in shares of Intel during the fourth quarter valued at about $27,000. Raleigh Capital Management Inc. grew its position in Intel by 62.8% during the third quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock valued at $33,000 after buying an additional 362 shares during the period. Finally, Valued Wealth Advisors LLC purchased a new stake in Intel during the fourth quarter worth about $36,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Performance

Shares of NASDAQ INTC traded up $0.44 during midday trading on Friday, hitting $31.03. 17,679,996 shares of the company’s stock traded hands, compared to its average volume of 46,651,590. Intel Co. has a 1 year low of $29.73 and a 1 year high of $51.28. The stock has a market capitalization of $132.09 billion, a price-to-earnings ratio of 32.47, a price-to-earnings-growth ratio of 14.56 and a beta of 1.06. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. The firm has a fifty day moving average of $31.24 and a 200 day moving average of $39.68.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, April 25th. The chip maker reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.03). Intel had a net margin of 7.36% and a return on equity of 2.19%. The business had revenue of $12.72 billion for the quarter, compared to analysts’ expectations of $12.76 billion. On average, analysts forecast that Intel Co. will post 0.09 earnings per share for the current year.

Intel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Tuesday, May 7th were paid a $0.125 dividend. The ex-dividend date of this dividend was Monday, May 6th. This represents a $0.50 annualized dividend and a yield of 1.61%. Intel’s payout ratio is 52.08%.

Insiders Place Their Bets

In related news, CEO Patrick P. Gelsinger purchased 4,100 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were bought at an average price of $30.29 per share, for a total transaction of $124,189.00. Following the acquisition, the chief executive officer now owns 39,375 shares of the company’s stock, valued at approximately $1,192,668.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Intel news, CEO Patrick P. Gelsinger bought 4,000 shares of Intel stock in a transaction on Monday, April 29th. The shares were acquired at an average price of $31.42 per share, for a total transaction of $125,680.00. Following the completion of the purchase, the chief executive officer now directly owns 35,275 shares in the company, valued at approximately $1,108,340.50. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Patrick P. Gelsinger bought 4,100 shares of Intel stock in a transaction on Wednesday, May 1st. The stock was acquired at an average price of $30.29 per share, for a total transaction of $124,189.00. Following the purchase, the chief executive officer now owns 39,375 shares of the company’s stock, valued at $1,192,668.75. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on INTC shares. Mizuho reduced their target price on shares of Intel from $55.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, April 26th. HSBC lowered their target price on Intel from $44.00 to $37.00 and set a “hold” rating on the stock in a research note on Tuesday, April 23rd. Jefferies Financial Group assumed coverage on Intel in a research note on Monday, May 13th. They set a “hold” rating and a $34.00 price target for the company. JPMorgan Chase & Co. dropped their price objective on shares of Intel from $37.00 to $35.00 and set an “underweight” rating on the stock in a report on Friday, April 26th. Finally, Wells Fargo & Company reduced their target price on shares of Intel from $43.00 to $38.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $39.58.

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.