Intel Co. (NASDAQ:INTC) Shares Sold by Beacon Financial Group

Beacon Financial Group reduced its position in Intel Co. (NASDAQ:INTC) by 56.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in Intel by 4.6% during the 3rd quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker’s stock worth $2,162,891,000 after buying an additional 4,103,553 shares during the period. Relyea Zuckerberg Hanson LLC grew its stake in shares of Intel by 211.6% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker’s stock worth $579,000 after acquiring an additional 19,625 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Intel by 4.4% during the third quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker’s stock worth $113,244,000 after acquiring an additional 204,200 shares during the period. Empirical Asset Management LLC acquired a new stake in shares of Intel in the fourth quarter valued at $276,000. Finally, Swiss National Bank boosted its holdings in Intel by 0.3% in the third quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker’s stock valued at $296,426,000 after purchasing an additional 31,800 shares during the period. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Price Performance

Shares of NASDAQ:INTC opened at $22.48 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. Intel Co. has a one year low of $18.51 and a one year high of $46.63. The company has a 50-day simple moving average of $20.20 and a 200-day simple moving average of $21.70. The stock has a market capitalization of $97.34 billion, a price-to-earnings ratio of -5.13 and a beta of 1.08.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) 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%. On average, analysts predict that Intel Co. will post -0.11 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Northland Securities cut their price target on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Truist Financial reduced their target price on shares of Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Robert W. Baird lifted their price target on shares of Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Bank of America reissued an “underperform” rating and issued a $21.00 price objective on shares of Intel in a research report on Tuesday, December 3rd. Finally, Stifel Nicolaus decreased their price objective on shares of Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $26.60.

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.