Beacon Investment Advisory Services Inc. Has $827,000 Holdings in Intel Corporation (INTC)

Beacon Investment Advisory Services Inc. grew its holdings in shares of Intel Corporation (NASDAQ:INTC) by 23.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,515 shares of the chip maker’s stock after purchasing an additional 4,701 shares during the period. Intel Corporation comprises 0.1% of Beacon Investment Advisory Services Inc.’s holdings, making the stock its 24th largest holding. Beacon Investment Advisory Services Inc.’s holdings in Intel Corporation were worth $827,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in INTC. Hartland & Co. LLC boosted its position in shares of Intel Corporation by 5.9% during the 2nd quarter. Hartland & Co. LLC now owns 111,115 shares of the chip maker’s stock worth $3,749,000 after acquiring an additional 6,172 shares in the last quarter. Deprince Race & Zollo Inc. boosted its position in shares of Intel Corporation by 9.3% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,290,930 shares of the chip maker’s stock worth $43,556,000 after acquiring an additional 109,555 shares in the last quarter. Taurus Asset Management LLC boosted its position in shares of Intel Corporation by 10.7% during the 2nd quarter. Taurus Asset Management LLC now owns 42,940 shares of the chip maker’s stock worth $1,449,000 after acquiring an additional 4,150 shares in the last quarter. Ballentine Partners LLC boosted its position in shares of Intel Corporation by 121.2% during the 2nd quarter. Ballentine Partners LLC now owns 63,281 shares of the chip maker’s stock worth $2,196,000 after acquiring an additional 34,677 shares in the last quarter. Finally, Highstreet Asset Management Inc. boosted its position in shares of Intel Corporation by 11.7% during the 2nd quarter. Highstreet Asset Management Inc. now owns 47,648 shares of the chip maker’s stock worth $1,608,000 after acquiring an additional 4,975 shares in the last quarter. Hedge funds and other institutional investors own 67.17% of the company’s stock.

In other Intel Corporation news, insider Venkata S. M. Renduchintala sold 1,424 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $46.73, for a total value of $66,543.52. Following the completion of the transaction, the insider now directly owns 1,536 shares in the company, valued at approximately $71,777.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David B. Yoffie sold 30,000 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $44.93, for a total transaction of $1,347,900.00. Following the completion of the transaction, the director now owns 50,005 shares of the company’s stock, valued at $2,246,724.65. The disclosure for this sale can be found here. Insiders have sold a total of 659,036 shares of company stock valued at $28,872,880 over the last quarter. 0.08% of the stock is currently owned by company insiders.

Several analysts recently issued reports on INTC shares. Credit Suisse Group reiterated an “outperform” rating on shares of Intel Corporation in a research report on Thursday, August 31st. Stifel Nicolaus increased their price target on shares of Intel Corporation from $41.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, October 20th. Zacks Investment Research upgraded shares of Intel Corporation from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Wednesday, September 6th. BidaskClub lowered shares of Intel Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Finally, Vetr upgraded shares of Intel Corporation from a “buy” rating to a “strong-buy” rating and set a $44.36 price target on the stock in a research report on Wednesday, October 11th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $43.28.

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Shares of Intel Corporation (INTC) opened at $45.86 on Wednesday. Intel Corporation has a 1-year low of $33.23 and a 1-year high of $47.30. The company has a current ratio of 1.60, a quick ratio of 1.27 and a debt-to-equity ratio of 0.39. The company has a market cap of $214,110.00, a price-to-earnings ratio of 14.39, a P/E/G ratio of 1.67 and a beta of 1.09.

Intel Corporation (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.21. Intel Corporation had a net margin of 22.31% and a return on equity of 22.65%. The company had revenue of $16.15 billion during the quarter, compared to analyst estimates of $15.73 billion. During the same period in the prior year, the business posted $0.80 EPS. The firm’s revenue was up 2.4% compared to the same quarter last year. equities analysts anticipate that Intel Corporation will post 3.25 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 7th will be issued a dividend of $0.2725 per share. The ex-dividend date of this dividend is Monday, November 6th. This represents a $1.09 dividend on an annualized basis and a yield of 2.38%. Intel Corporation’s dividend payout ratio is currently 38.11%.

Intel Corporation Profile

Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).

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Institutional Ownership by Quarter for Intel Corporation (NASDAQ:INTC)

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