Beaird Harris Wealth Management LLC Has $55,000 Stock Holdings in Intel Co. (NASDAQ:INTC)

Beaird Harris Wealth Management LLC grew its holdings in Intel Co. (NASDAQ:INTC) by 52.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,792 shares of the chip maker’s stock after purchasing an additional 617 shares during the quarter. Beaird Harris Wealth Management LLC’s holdings in Intel were worth $55,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in INTC. Smith Thornton Advisors LLC bought a new stake in Intel in the 2nd quarter valued at about $350,000. Legal & General Group Plc increased its position in Intel by 1.3% in the 2nd quarter. Legal & General Group Plc now owns 37,513,226 shares of the chip maker’s stock valued at $1,161,779,000 after buying an additional 487,191 shares in the last quarter. Mackenzie Financial Corp increased its position in Intel by 15.2% in the 2nd quarter. Mackenzie Financial Corp now owns 1,585,764 shares of the chip maker’s stock valued at $49,111,000 after buying an additional 208,771 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Intel by 2.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,298,169 shares of the chip maker’s stock valued at $102,144,000 after buying an additional 75,685 shares in the last quarter. Finally, Daymark Wealth Partners LLC increased its position in Intel by 1.9% in the 2nd quarter. Daymark Wealth Partners LLC now owns 366,674 shares of the chip maker’s stock valued at $11,356,000 after buying an additional 6,938 shares in the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on INTC shares. JPMorgan Chase & Co. decreased their target price on Intel from $35.00 to $26.00 and set an “underweight” rating for the company in a research report on Friday, August 2nd. Roth Mkm decreased their price objective on Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Hsbc Global Res lowered Intel from a “hold” rating to a “moderate sell” rating in a report on Friday, August 2nd. Rosenblatt Securities reissued a “sell” rating and set a $17.00 price objective on shares of Intel in a report on Friday, August 2nd. Finally, Argus lowered Intel from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Six research 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 data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $32.04.

Insiders Place Their Bets

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

Intel Price Performance

Intel stock opened at $23.91 on Friday. Intel Co. has a 12 month low of $18.51 and a 12 month high of $51.28. The company has a current ratio of 1.59, a quick ratio of 1.24 and a debt-to-equity ratio of 0.40. The business’s 50 day simple moving average is $22.76 and its 200 day simple moving average is $30.39. The company 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 posted its quarterly earnings data on Thursday, August 1st. The chip maker reported $0.02 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 firm had revenue of $12.80 billion during the quarter, compared to analysts’ expectations of $12.92 billion. During the same quarter in the previous year, the company posted ($0.05) EPS. Intel’s revenue for the quarter was down .8% on a year-over-year basis. Sell-side analysts forecast that Intel Co. will post -0.47 EPS for the current year.

Intel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.50 annualized dividend and a dividend yield of 2.09%. Intel’s dividend payout ratio is currently 52.08%.

Intel 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.