Beacon Financial Group Sells 880 Shares of Intel Co. (NASDAQ:INTC)

Beacon Financial Group lessened its stake in shares of Intel Co. (NASDAQ:INTC) by 7.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,184 shares of the chip maker’s stock after selling 880 shares during the period. Beacon Financial Group’s holdings in Intel were worth $254,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Synergy Investment Management LLC bought a new position in shares of Intel in the 4th quarter valued at about $27,000. Vermillion Wealth Management Inc. bought a new position in shares of Intel in the 4th quarter valued at about $27,000. BankPlus Trust Department bought a new position in shares of Intel in the 4th quarter valued at about $28,000. Keystone Financial Group Inc. bought a new position in shares of Intel in the 4th quarter valued at about $29,000. Finally, Conquis Financial LLC bought a new position in shares of Intel in the 4th quarter valued at about $32,000. Institutional investors own 64.53% of the company’s stock.

Intel Price Performance

Shares of INTC opened at $20.06 on Friday. The company has a market cap of $87.50 billion, a price-to-earnings ratio of -4.58 and a beta of 1.15. Intel Co. has a twelve month low of $17.67 and a twelve month high of $37.16. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The company has a 50 day moving average of $20.39 and a two-hundred day moving average of $21.28.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.12. The company had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. Intel’s revenue was down .4% compared to the same quarter last year. During the same period last year, the firm earned $0.18 earnings per share. As a group, analysts predict that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. lowered their price target on shares of Intel from $23.00 to $20.00 and set an “underweight” rating for the company in a report on Friday, April 25th. Citigroup reissued a “sell” rating on shares of Intel in a research report on Friday, April 25th. Sanford C. Bernstein reduced their price objective on shares of Intel from $25.00 to $21.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 22nd. Morgan Stanley reduced their price objective on shares of Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Friday, April 25th. Finally, Rosenblatt Securities reduced their price objective on shares of Intel from $18.00 to $14.00 and set a “sell” rating on the stock in a research report on Friday, April 25th. Six research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $21.57.

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.