Beacon Financial Group Trims Stock Position in Intel Co. (NASDAQ:INTC)

Beacon Financial Group decreased its stake in Intel Co. (NASDAQ:INTC) by 56.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,064 shares of the chip maker’s stock after selling 15,441 shares during the quarter. Beacon Financial Group’s holdings in Intel were worth $242,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of INTC. Quest Partners LLC boosted its position in Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after purchasing an additional 1,253 shares in the last quarter. Finley Financial LLC purchased a new stake in Intel during the fourth quarter worth $25,000. Keystone Financial Group Inc. acquired a new stake in Intel during the fourth quarter valued at $29,000. FSA Wealth Management LLC purchased a new position in Intel in the third quarter valued at $34,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Intel in the third quarter worth about $36,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Price Performance

INTC stock opened at $22.48 on Thursday. Intel Co. has a 52-week low of $18.51 and a 52-week high of $46.63. The business has a fifty day moving average of $20.20 and a two-hundred day moving average of $21.70. The stock has a market cap of $97.34 billion, a price-to-earnings ratio of -5.13 and a beta of 1.08. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday, January 31st. Barclays reduced their target price on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. JPMorgan Chase & Co. dropped their price target on shares of Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a research note on Friday, January 31st. Finally, Mizuho reduced their price objective on shares of Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Five investment analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $26.60.

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.