Beacon Financial Group Boosts Holdings in Intel Co. (INTC)

Beacon Financial Group grew its holdings in shares of Intel Co. (NASDAQ:INTC) by 39.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,367 shares of the chip maker’s stock after acquiring an additional 12,571 shares during the quarter. Beacon Financial Group’s holdings in Intel were worth $1,689,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of INTC. Janus Henderson Group PLC raised its stake in shares of Intel by 4,951.1% during the second quarter. Janus Henderson Group PLC now owns 20,455,051 shares of the chip maker’s stock worth $690,156,000 after acquiring an additional 20,050,088 shares in the last quarter. Capital Research Global Investors raised its stake in shares of Intel by 9.1% during the second quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock worth $4,338,344,000 after acquiring an additional 10,744,753 shares in the last quarter. Capital World Investors raised its stake in shares of Intel by 5.5% during the second quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock worth $6,672,097,000 after acquiring an additional 10,257,260 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Intel by 2.5% during the second quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock worth $11,252,292,000 after acquiring an additional 8,087,302 shares in the last quarter. Finally, Glenview Capital Management LLC purchased a new position in shares of Intel during the first quarter worth approximately $177,881,000. 67.69% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CEO Brian M. Krzanich sold 889,878 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $44.19, for a total transaction of $39,323,708.82. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Brian M. Krzanich sold 61,860 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $38.74, for a total transaction of $2,396,456.40. Following the sale, the chief executive officer now owns 543,948 shares in the company, valued at approximately $21,072,545.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,548,914 shares of company stock worth $68,196,589. Company insiders own 0.08% of the company’s stock.

Several research analysts have recently issued reports on INTC shares. Credit Suisse Group restated an “outperform” rating on shares of Intel in a report on Thursday, August 31st. Stifel Nicolaus raised their target price on shares of Intel from $41.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, October 20th. Zacks Investment Research upgraded shares of Intel from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Wednesday, September 6th. BidaskClub cut shares of Intel from a “hold” rating to a “sell” rating in a report on Friday, August 25th. Finally, Vetr upgraded shares of Intel from a “buy” rating to a “strong-buy” rating and set a $44.36 target price on the stock in a report on Wednesday, October 11th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $43.94.

Shares of Intel Co. (NASDAQ:INTC) opened at $44.56 on Monday. The firm has a market cap of $208,540.81, a price-to-earnings ratio of 14.01, a P/E/G ratio of 1.63 and a beta of 1.06. Intel Co. has a fifty-two week low of $33.23 and a fifty-two week high of $47.30. The company has a quick ratio of 1.27, a current ratio of 1.60 and a debt-to-equity ratio of 0.39.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.21. Intel had a net margin of 22.31% and a return on equity of 22.65%. The business had revenue of $16.15 billion for the quarter, compared to analysts’ expectations of $15.73 billion. During the same quarter in the previous year, the business posted $0.80 earnings per share. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. equities analysts expect that Intel Co. will post 3.25 EPS for the current year.

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Intel Profile

Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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