Intel Co. (NASDAQ:INTC) Position Increased by Beacon Harbor Wealth Advisors Inc.

Beacon Harbor Wealth Advisors Inc. raised its position in shares of Intel Co. (NASDAQ:INTC) by 19.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 9,084 shares of the chip maker’s stock after buying an additional 1,471 shares during the period. Beacon Harbor Wealth Advisors Inc.’s holdings in Intel were worth $456,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Slow Capital Inc. lifted its position in shares of Intel by 0.9% in the fourth quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock worth $2,749,000 after purchasing an additional 508 shares in the last quarter. Altus Wealth Group LLC lifted its position in shares of Intel by 29.4% in the fourth quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock worth $1,272,000 after purchasing an additional 5,759 shares in the last quarter. Alera Investment Advisors LLC purchased a new stake in shares of Intel in the fourth quarter worth approximately $201,000. Callan Capital LLC lifted its position in shares of Intel by 9.1% in the fourth quarter. Callan Capital LLC now owns 17,585 shares of the chip maker’s stock worth $884,000 after purchasing an additional 1,474 shares in the last quarter. Finally, Vanguard Capital Wealth Advisors lifted its position in shares of Intel by 1.3% in the third quarter. Vanguard Capital Wealth Advisors now owns 45,368 shares of the chip maker’s stock worth $1,613,000 after purchasing an additional 574 shares in the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on INTC. Roth Mkm reduced their price target on shares of Intel from $45.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, April 26th. Rosenblatt Securities reissued a “sell” rating and issued a $17.00 price target on shares of Intel in a research report on Friday, April 26th. Barclays cut their price objective on shares of Intel from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Morgan Stanley cut their price objective on shares of Intel from $48.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research report on Friday, April 26th. Four investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $39.75.

Insider Buying and Selling

In related news, CEO Patrick P. Gelsinger purchased 4,000 shares of Intel stock in a transaction that occurred on Monday, April 29th. The shares were acquired at an average price of $31.42 per share, for a total transaction of $125,680.00. Following the transaction, the chief executive officer now directly owns 35,275 shares in the company, valued at $1,108,340.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.04% of the stock is owned by corporate insiders.

Intel Price Performance

Shares of NASDAQ:INTC traded down $0.06 on Thursday, hitting $30.31. The stock had a trading volume of 28,426,811 shares, compared to its average volume of 48,452,688. Intel Co. has a twelve month low of $26.85 and a twelve month high of $51.28. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. The firm’s 50 day moving average price is $40.09 and its 200-day moving average price is $42.14. The company has a market capitalization of $129.03 billion, a price-to-earnings ratio of 31.59, a price-to-earnings-growth ratio of 8.39 and a beta of 1.09.

Intel Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th will be paid a $0.125 dividend. The ex-dividend date is Monday, May 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.65%. Intel’s dividend payout ratio is presently 52.08%.

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.