M&R Capital Management Inc. Reduces Holdings in Intel Co. (NASDAQ:INTC)

M&R Capital Management Inc. trimmed its position in shares of Intel Co. (NASDAQ:INTC – Get Rating) by 13.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,450 shares of the chip maker’s stock after selling 1,528 shares during the quarter. M&R Capital Management Inc.’s holdings in Intel were worth $250,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Sound Income Strategies LLC boosted its stake in Intel by 17.7% during the fourth quarter. Sound Income Strategies LLC now owns 5,287 shares of the chip maker’s stock worth $140,000 after buying an additional 794 shares during the period. Moody National Bank Trust Division lifted its position in shares of Intel by 0.9% during the fourth quarter. Moody National Bank Trust Division now owns 87,442 shares of the chip maker’s stock worth $2,311,000 after purchasing an additional 746 shares during the last quarter. First Citizens Financial Corp bought a new stake in shares of Intel during the fourth quarter worth $215,000. Accurate Wealth Management LLC bought a new stake in shares of Intel during the fourth quarter worth $283,000. Finally, Foundations Investment Advisors LLC lifted its position in shares of Intel by 18.1% during the fourth quarter. Foundations Investment Advisors LLC now owns 12,436 shares of the chip maker’s stock worth $329,000 after purchasing an additional 1,905 shares during the last quarter. 59.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Barclays decreased their target price on Intel from $30.00 to $27.00 and set an “equal weight” rating for the company in a research report on Friday, January 27th. Rosenblatt Securities decreased their target price on Intel from $20.00 to $17.00 and set a “sell” rating for the company in a research report on Friday, January 27th. Evercore ISI set a $30.00 target price on Intel in a research report on Wednesday, November 23rd. Morgan Stanley upgraded Intel from an “underweight” rating to an “equal weight” rating and decreased their target price for the stock from $29.50 to $28.00 in a research report on Thursday, February 23rd. Finally, Susquehanna upgraded Intel from a “negative” rating to a “neutral” rating and lifted their price objective for the company from $23.00 to $26.00 in a report on Thursday. Eight analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $29.38.

Insider Transactions at Intel

In other Intel news, CFO David Zinsner purchased 1,800 shares of the company’s stock in a transaction dated Monday, January 30th. The shares were acquired at an average price of $27.89 per share, for a total transaction of $50,202.00. Following the completion of the purchase, the chief financial officer now owns 17,450 shares of the company’s stock, valued at $486,680.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Patrick P. Gelsinger bought 9,700 shares of the company’s stock in a transaction that occurred on Thursday, February 23rd. The shares were purchased at an average price of $25.68 per share, for a total transaction of $249,096.00. Following the completion of the transaction, the chief executive officer now directly owns 18,700 shares in the company, valued at $480,216. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO David Zinsner bought 1,800 shares of the company’s stock in a transaction that occurred on Monday, January 30th. The stock was purchased at an average price of $27.89 per share, for a total transaction of $50,202.00. Following the transaction, the chief financial officer now owns 17,450 shares of the company’s stock, valued at $486,680.50. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 20,500 shares of company stock worth $549,768. Insiders own 0.02% of the company’s stock.

Intel Price Performance

INTC opened at $29.81 on Friday. The business’s 50-day moving average is $28.09 and its two-hundred day moving average is $28.11. Intel Co. has a 1 year low of $24.59 and a 1 year high of $52.51. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.57 and a quick ratio of 1.16. The firm has a market capitalization of $123.32 billion, a PE ratio of 15.21, a price-to-earnings-growth ratio of 9.64 and a beta of 0.81.

Intel (NASDAQ:INTC – Get Rating) last issued its quarterly earnings results on Thursday, January 26th. The chip maker reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.10). Intel had a return on equity of 7.45% and a net margin of 12.71%. The business had revenue of $14.04 billion for the quarter, compared to analysts’ expectations of $14.49 billion. During the same quarter in the previous year, the firm posted $1.09 EPS. Intel’s revenue was down 31.6% on a year-over-year basis. Research analysts anticipate that Intel Co. will post 0.55 earnings per share for the current fiscal year.

Intel Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Sunday, May 7th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, May 4th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.68%. Intel’s payout ratio is 74.49%.

About Intel

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Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center and AI (DCAI), Network and Edge (NEX), Mobileye, Accelerated Computing Systems and Graphics (AXG), Intel Foundry Services (IFS), and All Other.