Beaird Harris Wealth Management LLC Acquires 617 Shares of Intel Co. (NASDAQ:INTC)

Beaird Harris Wealth Management LLC grew its holdings in Intel Co. (NASDAQ:INTC) by 52.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,792 shares of the chip maker’s stock after acquiring an additional 617 shares during the quarter. Beaird Harris Wealth Management LLC’s holdings in Intel were worth $55,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. DDFG Inc bought a new position in shares of Intel during the fourth quarter worth about $205,000. Gryphon Financial Partners LLC grew its holdings in shares of Intel by 8.2% during the fourth quarter. Gryphon Financial Partners LLC now owns 21,024 shares of the chip maker’s stock worth $1,060,000 after buying an additional 1,601 shares in the last quarter. Roundview Capital LLC bought a new position in shares of Intel during the fourth quarter worth about $626,000. Evoke Wealth LLC grew its holdings in shares of Intel by 42.7% during the fourth quarter. Evoke Wealth LLC now owns 24,524 shares of the chip maker’s stock worth $1,232,000 after buying an additional 7,340 shares in the last quarter. Finally, Manhattan West Asset Management LLC bought a new position in shares of Intel during the fourth quarter worth about $207,000. 64.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

INTC has been the subject of several recent research reports. Morgan Stanley reduced their price target on Intel from $36.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, August 2nd. Truist Financial reduced their price target on Intel from $33.00 to $25.00 and set a “hold” rating for the company in a research report on Friday, August 2nd. Roth Mkm reduced their price target on Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Hsbc Global Res cut Intel from a “hold” rating to a “moderate sell” rating in a research report on Friday, August 2nd. Finally, UBS Group reduced their price target on Intel from $37.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Six investment analysts have rated the stock with a sell rating, twenty-four have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $32.04.

Intel Trading Down 0.0 %

Shares of INTC opened at $23.91 on Friday. Intel Co. has a 52-week low of $18.51 and a 52-week high of $51.28. The business’s fifty day moving average is $22.76 and its 200-day moving average is $30.39. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.24 and a current ratio of 1.59. The firm has a market cap of $101.78 billion, a price-to-earnings ratio of 24.91 and a beta of 1.03.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.08). Intel had a net margin of 1.77% and a return on equity of 1.78%. The business had revenue of $12.80 billion during the quarter, compared to the consensus estimate of $12.92 billion. During the same quarter in the previous year, the business posted ($0.05) EPS. The company’s revenue for the quarter was down .8% on a year-over-year basis. Equities analysts anticipate that Intel Co. will post -0.47 EPS for the current fiscal year.

Intel Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Investors of record on Wednesday, August 7th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend was Wednesday, August 7th. Intel’s dividend payout ratio (DPR) is 52.08%.

Insider Activity at Intel

In related news, CEO Patrick P. Gelsinger bought 12,500 shares of the business’s stock in a transaction on Monday, August 5th. The shares were purchased at an average cost of $20.16 per share, with a total value of $252,000.00. Following the acquisition, the chief executive officer now owns 37,975 shares of the company’s stock, valued at $765,576. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.04% of the stock is currently owned by company insiders.

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.