RFG Holdings Inc. Acquires 4,450 Shares of Intel Co. (NASDAQ:INTC)

by · The Cerbat Gem

RFG Holdings Inc. increased its stake in Intel Co. (NASDAQ:INTC – Free Report) by 30.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,058 shares of the chip maker’s stock after purchasing an additional 4,450 shares during the period. RFG Holdings Inc.’s holdings in Intel were worth $448,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of INTC. America First Investment Advisors LLC purchased a new stake in shares of Intel during the 2nd quarter valued at $25,000. Tributary Capital Management LLC purchased a new stake in Intel during the first quarter valued at about $27,000. Cyrus J. Lawrence LLC bought a new stake in Intel during the second quarter worth about $27,000. Spartan Fund Management Inc. purchased a new position in shares of Intel in the 2nd quarter worth about $31,000. Finally, Financial Connections Group Inc. bought a new position in shares of Intel during the 2nd quarter valued at about $32,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Intel

In other Intel news, CEO Patrick P. Gelsinger bought 12,500 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was acquired at an average price of $20.16 per share, with a total value of $252,000.00. Following the completion of the purchase, the chief executive officer now owns 37,975 shares of the company’s stock, valued at approximately $765,576. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.04% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have issued reports on INTC. Benchmark reaffirmed a “hold” rating on shares of Intel in a research note on Monday, September 23rd. Mizuho cut shares of Intel from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $36.00 to $22.00 in a research note on Thursday, August 8th. Hsbc Global Res lowered shares of Intel from a “hold” rating to a “moderate sell” rating in a report on Friday, August 2nd. HSBC lowered shares of Intel from a “hold” rating to a “reduce” rating in a research report on Friday, August 2nd. Finally, New Street Research cut Intel from a “buy” rating to a “neutral” rating in a research note on Friday, August 2nd. Six research analysts have rated the stock with a sell rating, twenty-four have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $31.96.

Read Our Latest Analysis on Intel

Intel Stock Up 1.5 %

INTC stock opened at $23.56 on Friday. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $51.28. The company has a market capitalization of $100.74 billion, a price-to-earnings ratio of 102.44 and a beta of 1.03. The business’s 50 day moving average price is $21.12 and its two-hundred day moving average price is $28.87. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.24 and a current ratio of 1.59.

Intel (NASDAQ:INTC – Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.08). The firm had revenue of $12.80 billion during the quarter, compared to analysts’ expectations of $12.92 billion. Intel had a return on equity of 1.78% and a net margin of 1.77%. Intel’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the company earned ($0.05) earnings per share. As a group, analysts forecast that Intel Co. will post -0.47 earnings per share for the current fiscal year.

Intel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.50 dividend on an annualized basis and a yield of 2.12%. Intel’s dividend payout ratio (DPR) is currently 217.40%.

About Intel

(Free Report)

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.

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