Beacon Harbor Wealth Advisors Inc. Boosts Holdings in Intel Co. (NASDAQ:INTC)

Beacon Harbor Wealth Advisors Inc. grew its position in Intel Co. (NASDAQ:INTC) by 19.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Slow Capital Inc. boosted its position in shares of Intel by 0.9% during the 4th 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 during the period. Altus Wealth Group LLC boosted its position in shares of Intel by 29.4% during the 4th 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 during the period. Alera Investment Advisors LLC purchased a new position in shares of Intel during the 4th quarter worth approximately $201,000. Callan Capital LLC boosted its position in shares of Intel by 9.1% during the 4th 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 during the period. Finally, Vanguard Capital Wealth Advisors boosted its position in shares of Intel by 1.3% during the 3rd 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 during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Stock Performance

Shares of NASDAQ:INTC traded down $0.06 during midday trading 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. The company has a market capitalization of $129.03 billion, a PE ratio of 31.59, a P/E/G ratio of 8.39 and a beta of 1.09. The stock has a 50 day moving average price of $40.09 and a two-hundred day moving average price of $42.14. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.43. Intel Co. has a 1 year low of $26.85 and a 1 year high of $51.28.

Intel Dividend Announcement

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 paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.65%. The ex-dividend date is Monday, May 6th. Intel’s dividend payout ratio (DPR) is 52.08%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group lowered their price objective on shares of Intel from $39.00 to $34.00 and set a “sell” rating for the company in a research report on Friday, April 26th. Susquehanna reduced 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. Barclays reduced their target price on shares of Intel from $44.00 to $40.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Stifel Nicolaus reiterated a “hold” rating and set a $45.00 target price on shares of Intel in a report on Wednesday, April 3rd. Finally, Evercore ISI reduced their target price on shares of Intel from $40.00 to $36.00 and set an “in-line” rating on the stock in a report on Friday, April 26th. Four equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Intel has a consensus rating of “Hold” and an average target price of $39.75.

Insider Activity at Intel

In related news, CEO Patrick P. Gelsinger acquired 4,000 shares of Intel stock in a transaction that occurred on Monday, April 29th. The stock was purchased at an average price of $31.42 per share, for a total transaction of $125,680.00. Following the completion of the purchase, the chief executive officer now directly owns 35,275 shares of the company’s stock, valued at $1,108,340.50. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.04% of the company’s stock.

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.