Beacon Financial Advisory LLC Grows Stock Holdings in Intel Co. (NASDAQ:INTC)

Beacon Financial Advisory LLC boosted its position in Intel Co. (NASDAQ:INTC) by 6.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 14,629 shares of the chip maker’s stock after acquiring an additional 932 shares during the period. Beacon Financial Advisory LLC’s holdings in Intel were worth $936,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in INTC. United Bank grew its stake in Intel by 9.8% in the 3rd quarter. United Bank now owns 32,301 shares of the chip maker’s stock worth $1,673,000 after acquiring an additional 2,877 shares during the period. Wealth Alliance grew its stake in Intel by 9.7% in the 3rd quarter. Wealth Alliance now owns 16,308 shares of the chip maker’s stock worth $844,000 after acquiring an additional 1,439 shares during the period. OLD Mission Capital LLC purchased a new stake in Intel in the 3rd quarter worth approximately $727,000. IHT Wealth Management LLC grew its stake in Intel by 19.1% in the 3rd quarter. IHT Wealth Management LLC now owns 27,639 shares of the chip maker’s stock worth $1,431,000 after acquiring an additional 4,432 shares during the period. Finally, Kingsview Wealth Management LLC grew its stake in Intel by 12.7% in the 3rd quarter. Kingsview Wealth Management LLC now owns 79,297 shares of the chip maker’s stock worth $4,106,000 after acquiring an additional 8,906 shares during the period. 63.25% of the stock is owned by hedge funds and other institutional investors.

Shares of INTC traded up $0.44 during midday trading on Wednesday, hitting $63.14. The company had a trading volume of 547,332 shares, compared to its average volume of 35,107,531. The company’s 50 day moving average price is $63.94 and its 200 day moving average price is $55.07. The stock has a market cap of $257.13 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 1.63 and a beta of 0.74. Intel Co. has a 52 week low of $43.61 and a 52 week high of $68.49. The company has a quick ratio of 1.24, a current ratio of 1.66 and a debt-to-equity ratio of 0.48.

Intel (NASDAQ:INTC) last released its earnings results on Wednesday, January 20th. The chip maker reported $1.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.42. The company had revenue of $19.98 billion during the quarter, compared to the consensus estimate of $17.47 billion. Intel had a net margin of 28.10% and a return on equity of 29.44%. During the same quarter in the previous year, the firm earned $1.52 EPS. Equities analysts anticipate that Intel Co. will post 4.89 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 1st. Stockholders of record on Friday, May 7th will be given a $0.3475 dividend. This represents a $1.39 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Thursday, May 6th. Intel’s payout ratio is currently 28.54%.

In other Intel news, CFO George S. Davis acquired 9,095 shares of the stock in a transaction that occurred on Tuesday, January 26th. The stock was acquired at an average price of $55.34 per share, with a total value of $503,317.30. Following the transaction, the chief financial officer now directly owns 71,223 shares in the company, valued at $3,941,480.82. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Robert Holmes Swan acquired 27,244 shares of the stock in a transaction that occurred on Monday, January 25th. The shares were acquired at an average cost of $55.57 per share, with a total value of $1,513,949.08. Following the transaction, the chief executive officer now owns 330,774 shares in the company, valued at $18,381,111.18. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by insiders.

A number of equities analysts have weighed in on INTC shares. Northland Securities started coverage on shares of Intel in a report on Wednesday, March 24th. They issued a “sell” rating and a $48.00 price target on the stock. DZ Bank upgraded shares of Intel from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a report on Wednesday, March 31st. Cowen lifted their price target on shares of Intel from $75.00 to $79.00 and gave the company an “outperform” rating in a report on Friday, January 22nd. Truist Financial lifted their price target on shares of Intel from $64.00 to $73.00 in a report on Wednesday, March 24th. Finally, Evercore ISI lifted their price target on shares of Intel from $68.00 to $75.00 and gave the company an “in-line” rating in a report on Tuesday, March 30th. Twelve analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $63.64.

Intel Profile

Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices for retail, industrial, and consumer uses worldwide. The company operates through DCG, IOTG, Mobileye, NSG, PSG, CCG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products comprising accelerators, boards and systems, connectivity products, and memory and storage products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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