Beacon Pointe Advisors LLC Cuts Stock Holdings in Intel Co. (NASDAQ:INTC)

Beacon Pointe Advisors LLC cut its stake in Intel Co. (NASDAQ:INTC - Free Report) by 5.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 485,093 shares of the chip maker's stock after selling 30,531 shares during the quarter. Beacon Pointe Advisors LLC's holdings in Intel were worth $24,376,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. New Millennium Group LLC increased its position in Intel by 87.2% during the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker's stock worth $25,000 after acquiring an additional 231 shares during the period. Raleigh Capital Management Inc. increased its position in Intel by 62.8% during the third quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker's stock worth $33,000 after acquiring an additional 362 shares during the period. Valued Wealth Advisors LLC bought a new position in Intel during the fourth quarter worth about $36,000. Signature Resources Capital Management LLC bought a new position in Intel during the fourth quarter worth about $37,000. Finally, Bare Financial Services Inc bought a new position in Intel during the fourth quarter worth about $39,000. 64.53% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Patrick P. Gelsinger bought 4,000 shares of the business's stock in a transaction on Monday, April 29th. The stock was acquired at an average price of $31.42 per share, with a total value of $125,680.00. Following the completion of the purchase, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Patrick P. Gelsinger acquired 4,000 shares of the company's stock in a transaction dated Monday, April 29th. The stock was purchased at an average price of $31.42 per share, with a total value of $125,680.00. Following the completion of the purchase, the chief executive officer now owns 35,275 shares in the company, valued at approximately $1,108,340.50. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Patrick P. Gelsinger acquired 4,100 shares of the company's stock in a transaction dated Wednesday, May 1st. The shares were bought at an average cost of $30.29 per share, with a total value of $124,189.00. Following the purchase, the chief executive officer now owns 39,375 shares of the company's stock, valued at approximately $1,192,668.75. The disclosure for this purchase can be found here. 0.04% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on INTC. Mizuho decreased their target price on shares of Intel from $55.00 to $45.00 and set a "buy" rating on the stock in a report on Friday, April 26th. Truist Financial decreased their target price on shares of Intel from $45.00 to $33.00 and set a "hold" rating on the stock in a report on Friday, April 26th. Susquehanna decreased their target price on shares of Intel from $40.00 to $35.00 and set a "neutral" rating on the stock in a report on Friday, April 26th. Wolfe Research raised shares of Intel from an "underperform" rating to a "peer perform" rating in a report on Thursday. Finally, JPMorgan Chase & Co. decreased their target price on shares of Intel from $37.00 to $35.00 and set an "underweight" rating on the stock in a report on Friday, April 26th. Three equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Intel presently has an average rating of "Hold" and a consensus target price of $39.58.

Intel Trading Down 0.6 %

Shares of NASDAQ:INTC traded down $0.20 during mid-day trading on Friday, hitting $31.83. The company had a trading volume of 41,431,048 shares, compared to its average volume of 48,302,965. The company has a market capitalization of $135.50 billion, a PE ratio of 33.16, a price-to-earnings-growth ratio of 10.24 and a beta of 1.09. The firm has a fifty day moving average price of $37.25 and a 200 day moving average price of $41.78. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14. Intel Co. has a one year low of $26.85 and a one year high of $51.28.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The chip maker reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.03). The business had revenue of $12.72 billion for the quarter, compared to analysts' expectations of $12.76 billion. Intel had a net margin of 7.36% and a return on equity of 2.19%. As a group, research analysts forecast that Intel Co. will post 0.13 EPS for the current year.

Intel Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Monday, May 6th. Intel's dividend payout ratio (DPR) is 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.