Beaumont Financial Advisors LLC Has $467,000 Position in Intel Co. (NASDAQ:INTC)

Beaumont Financial Advisors LLC lessened its stake in Intel Co. (NASDAQ:INTC) by 4.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 23,313 shares of the chip maker’s stock after selling 996 shares during the quarter. Beaumont Financial Advisors LLC’s holdings in Intel were worth $467,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of INTC. 1832 Asset Management L.P. raised its holdings in shares of Intel by 23.7% during the 2nd quarter. 1832 Asset Management L.P. now owns 3,977 shares of the chip maker’s stock valued at $123,000 after purchasing an additional 762 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Intel by 61.4% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 815,377 shares of the chip maker’s stock valued at $25,252,000 after buying an additional 310,322 shares in the last quarter. Caxton Associates LP acquired a new stake in shares of Intel in the second quarter worth about $162,592,000. AlTi Global Inc. lifted its holdings in Intel by 1.3% in the 2nd quarter. AlTi Global Inc. now owns 62,568 shares of the chip maker’s stock worth $1,938,000 after purchasing an additional 818 shares during the last quarter. Finally, Affinity Capital Advisors LLC boosted its position in Intel by 46.1% during the second quarter. Affinity Capital Advisors LLC now owns 12,735 shares of the chip maker’s stock worth $394,000 after purchasing an additional 4,018 shares during the period. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction on Thursday, November 7th. The shares were 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 owns 273,258 shares in the company, valued at approximately $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.04% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a report on Thursday, October 3rd. Rosenblatt Securities reissued a “sell” rating and set a $17.00 price objective on shares of Intel in a research report on Tuesday, October 29th. The Goldman Sachs Group decreased their target price on Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research note on Thursday, October 17th. Truist Financial lifted their price target on Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Finally, Benchmark restated a “hold” rating on shares of Intel in a research note on Friday, November 1st. Five 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $28.81.

Intel Stock Up 0.4 %

Shares of NASDAQ:INTC opened at $21.86 on Thursday. The company has a 50 day moving average price of $21.44 and a two-hundred day moving average price of $23.13. The company has a market capitalization of $94.28 billion, a PE ratio of -5.88, a PEG ratio of 9.46 and a beta of 1.07. Intel Co. has a 52 week low of $18.51 and a 52 week high of $50.30. 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 (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.44). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The business had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. During the same quarter last year, the company earned $0.28 earnings per share. The firm’s revenue was down 6.3% compared to the same quarter last year. Analysts forecast that Intel Co. will post -0.87 earnings per share for the current year.

About Intel

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.