Baugh & Associates LLC Has $2.96 Million Stock Holdings in Intel Co. (NASDAQ:INTC)

Baugh & Associates LLC grew its position in shares of Intel Co. (NASDAQ:INTC) by 1.6% during the third quarter, HoldingsChannel.com reports. The firm owned 130,801 shares of the chip maker’s stock after purchasing an additional 2,045 shares during the period. Intel makes up approximately 1.5% of Baugh & Associates LLC’s portfolio, making the stock its 27th biggest holding. Baugh & Associates LLC’s holdings in Intel were worth $2,959,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. America First Investment Advisors LLC acquired a new stake in shares of Intel during the second quarter valued at about $25,000. Cyrus J. Lawrence LLC acquired a new stake in shares of Intel during the second quarter valued at about $27,000. Spartan Fund Management Inc. acquired a new stake in shares of Intel during the second quarter valued at about $31,000. Financial Connections Group Inc. acquired a new stake in shares of Intel during the second quarter valued at about $32,000. Finally, Triad Wealth Partners LLC acquired a new position in shares of Intel in the second quarter worth approximately $33,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Stock Up 7.4 %

Shares of NASDAQ INTC opened at $25.05 on Thursday. Intel Co. has a one year low of $18.51 and a one year high of $51.28. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The business’s fifty day moving average price is $22.01 and its 200-day moving average price is $26.72. The stock has a market capitalization of $108.04 billion, a PE ratio of -6.73 and a beta of 1.03.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The firm had revenue of $13.30 billion for the quarter, compared to analysts’ expectations of $13.02 billion. During the same period in the prior year, the company earned $0.28 EPS. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. On average, equities research analysts anticipate that Intel Co. will post -0.47 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on INTC. Cantor Fitzgerald cut their price objective on Intel from $40.00 to $27.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Argus lowered Intel from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Mizuho lifted their price objective on Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Wedbush cut their price objective on Intel from $32.50 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Finally, Hsbc Global Res lowered Intel from a “hold” rating to a “moderate sell” rating in a research note on Friday, August 2nd. Six research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $30.12.

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.