Argyle Capital Management LLC Buys 7,760 Shares of Intel Co. (NASDAQ:INTC)

Argyle Capital Management LLC increased its stake in shares of Intel Co. (NASDAQ:INTC) by 7.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 113,500 shares of the chip maker’s stock after acquiring an additional 7,760 shares during the period. Argyle Capital Management LLC’s holdings in Intel were worth $2,276,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Quest Partners LLC grew its position in shares of Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after acquiring an additional 1,253 shares during the period. Finley Financial LLC acquired a new stake in Intel in the 4th quarter valued at about $25,000. BankPlus Trust Department bought a new position in Intel during the fourth quarter worth about $28,000. Keystone Financial Group Inc. acquired a new position in Intel during the fourth quarter worth approximately $29,000. Finally, FSA Wealth Management LLC bought a new stake in Intel in the third quarter valued at approximately $34,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Stock Performance

Shares of Intel stock opened at $23.09 on Friday. The business has a 50-day simple moving average of $21.12 and a 200 day simple moving average of $21.75. The firm has a market capitalization of $99.98 billion, a price-to-earnings ratio of -5.27 and a beta of 1.08. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. Intel Co. has a one year low of $18.51 and a one year high of $46.63.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. On average, research analysts anticipate that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

INTC has been the subject of several research analyst reports. Stifel Nicolaus reduced their target price on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Barclays cut their price target on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. JPMorgan Chase & Co. dropped their price objective on shares of Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a research report on Friday, January 31st. Truist Financial reduced their target price on shares of Intel from $22.00 to $21.00 and set a “hold” rating for the company in a report on Friday, January 31st. Finally, Citigroup lowered their price target on shares of Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Five research analysts have rated the stock with a sell rating, twenty-seven 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 $26.88.

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.