Beam Wealth Advisors Inc. Grows Stock Holdings in Intel Co. (NASDAQ:INTC)

Beam Wealth Advisors Inc. grew its holdings in shares of Intel Co. (NASDAQ:INTC) by 29.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 17,144 shares of the chip maker’s stock after acquiring an additional 3,871 shares during the quarter. Beam Wealth Advisors Inc.’s holdings in Intel were worth $402,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. William B. Walkup & Associates Inc. purchased a new position in shares of Intel in the 2nd quarter worth approximately $2,178,000. Fortis Group Advisors LLC lifted its position in Intel by 1,052.9% in the third quarter. Fortis Group Advisors LLC now owns 172,996 shares of the chip maker’s stock worth $4,058,000 after buying an additional 157,991 shares during the last quarter. Private Advisory Group LLC purchased a new position in Intel during the third quarter worth $8,045,000. Catalyst Capital Advisors LLC increased its position in Intel by 1,110.8% during the third quarter. Catalyst Capital Advisors LLC now owns 49,522 shares of the chip maker’s stock valued at $1,162,000 after acquiring an additional 45,432 shares during the last quarter. Finally, Sanibel Captiva Trust Company Inc. raised its stake in shares of Intel by 21.1% in the third quarter. Sanibel Captiva Trust Company Inc. now owns 279,591 shares of the chip maker’s stock valued at $6,559,000 after acquiring an additional 48,765 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Stock Down 0.1 %

Shares of INTC stock opened at $26.20 on Monday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. Intel Co. has a twelve month low of $18.51 and a twelve month high of $51.28. The stock has a 50 day moving average of $22.22 and a 200 day moving average of $26.61. The stock has a market cap of $113.00 billion, a P/E ratio of -7.04 and a beta of 1.03.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $13.02 billion. During the same quarter last year, the firm earned $0.28 earnings per share. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. As a group, sell-side analysts expect that Intel Co. will post -0.83 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on INTC. Morgan Stanley dropped their target price on Intel from $36.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, August 2nd. Stifel Nicolaus restated a “hold” rating and issued a $25.00 price objective (down from $28.00) on shares of Intel in a report on Friday, October 25th. JPMorgan Chase & Co. dropped their target price on shares of Intel from $35.00 to $26.00 and set an “underweight” rating on the stock in a report on Friday, August 2nd. TD Cowen raised shares of Intel to a “hold” rating in a research report on Monday, September 16th. Finally, Susquehanna cut their price objective on shares of Intel from $35.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Six 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 company’s stock. Based on data from MarketBeat, Intel has an average rating of “Hold” and an average price target of $30.12.

Insider Transactions at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the sale, the executive vice president now directly owns 273,258 shares in the company, valued at approximately $7,104,708. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.04% of the company’s stock.

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.