Beaton Management Co. Inc. Has $544,000 Position in Intel Co. (NASDAQ:INTC)

Beaton Management Co. Inc. increased its position in shares of Intel Co. (NASDAQ:INTC) by 2.2% during the third quarter, Holdings Channel reports. The institutional investor owned 23,208 shares of the chip maker’s stock after purchasing an additional 500 shares during the quarter. Beaton Management Co. Inc.’s holdings in Intel were worth $544,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. America First Investment Advisors LLC bought a new stake in shares of Intel during the second quarter valued at approximately $25,000. Cyrus J. Lawrence LLC bought a new stake in Intel in the 2nd quarter valued at $27,000. Spartan Fund Management Inc. acquired a new position in shares of Intel in the 2nd quarter valued at $31,000. Financial Connections Group Inc. bought a new position in shares of Intel during the 2nd quarter worth about $32,000. Finally, Triad Wealth Partners LLC acquired a new stake in shares of Intel during the 2nd quarter valued at about $33,000. 64.53% of the stock is currently owned by institutional investors.

Insider Transactions at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the transaction, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.04% of the stock is owned by insiders.

Intel Trading Down 2.7 %

INTC opened at $24.35 on Friday. The company has a fifty day simple moving average of $22.69 and a 200 day simple moving average of $26.33. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. Intel Co. has a 12 month low of $18.51 and a 12 month high of $51.28.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. During the same quarter last year, the firm earned $0.28 EPS. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, analysts predict that Intel Co. will post -0.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on INTC shares. UBS Group cut their price target on shares of Intel from $37.00 to $32.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Rosenblatt Securities reiterated a “sell” rating and set a $17.00 price objective on shares of Intel in a research note on Tuesday, October 29th. JPMorgan Chase & Co. reduced their target price on shares of Intel from $35.00 to $26.00 and set an “underweight” rating on the stock in a research note on Friday, August 2nd. Daiwa America raised shares of Intel to a “hold” rating in a report on Monday, August 26th. Finally, The Goldman Sachs Group decreased their price objective on shares of Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a research note on Thursday, October 17th. Six equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus 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.