Bfsg LLC Buys New Stake in Intel Co. (NASDAQ:INTC)

Bfsg LLC bought a new stake in Intel Co. (NASDAQ:INTC) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 1,633 shares of the chip maker’s stock, valued at approximately $82,000.

A number of other hedge funds have also recently modified their holdings of INTC. Vanguard Group Inc. grew its position in Intel by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 381,109,738 shares of the chip maker’s stock worth $13,548,451,000 after purchasing an additional 1,624,453 shares during the last quarter. Primecap Management Co. CA grew its position in Intel by 6.0% during the 3rd quarter. Primecap Management Co. CA now owns 74,762,291 shares of the chip maker’s stock worth $2,657,799,000 after purchasing an additional 4,226,790 shares during the last quarter. Northern Trust Corp grew its position in Intel by 3.7% during the 3rd quarter. Northern Trust Corp now owns 46,003,776 shares of the chip maker’s stock worth $1,635,434,000 after purchasing an additional 1,626,127 shares during the last quarter. Bank of New York Mellon Corp grew its position in Intel by 18.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 38,720,686 shares of the chip maker’s stock worth $1,376,520,000 after purchasing an additional 6,064,950 shares during the last quarter. Finally, Invesco Ltd. grew its position in Intel by 13.4% during the 3rd quarter. Invesco Ltd. now owns 35,788,068 shares of the chip maker’s stock worth $1,272,266,000 after purchasing an additional 4,222,381 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Stock Up 0.5 %

INTC traded up $0.17 during trading on Thursday, hitting $34.67. The company had a trading volume of 15,803,013 shares, compared to its average volume of 46,590,020. The company has a market cap of $146.58 billion, a PE ratio of 89.03, a P/E/G ratio of 3.08 and a beta of 1.00. The business has a 50-day moving average of $41.29 and a 200-day moving average of $42.30. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15. Intel Co. has a 1-year low of $26.85 and a 1-year high of $51.28.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.27. The firm had revenue of $15.40 billion for the quarter, compared to analysts’ expectations of $15.16 billion. Intel had a net margin of 3.11% and a return on equity of 1.64%. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.10 earnings per share. As a group, analysts forecast that Intel Co. will post 0.61 earnings per share for the current year.

Insider Buying and Selling at Intel

In other Intel news, CEO Patrick P. Gelsinger purchased 2,800 shares of Intel stock in a transaction dated Thursday, February 1st. The shares were bought at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the transaction, the chief executive officer now owns 31,275 shares in the company, valued at approximately $1,336,693.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Intel news, CEO Patrick P. Gelsinger purchased 2,800 shares of Intel stock in a transaction dated Thursday, February 1st. The shares were bought at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the transaction, the chief executive officer now owns 31,275 shares in the company, valued at approximately $1,336,693.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Patrick P. Gelsinger purchased 3,000 shares of Intel stock in a transaction dated Monday, January 29th. The stock was acquired at an average price of $43.36 per share, for a total transaction of $130,080.00. Following the completion of the transaction, the chief executive officer now owns 28,475 shares in the company, valued at approximately $1,234,676. The disclosure for this purchase can be found here. 0.04% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

INTC has been the topic of several research reports. Barclays raised their price objective on shares of Intel from $32.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 16th. Evercore ISI began coverage on shares of Intel in a research note on Tuesday, April 16th. They issued an “in-line” rating and a $40.00 target price for the company. TD Cowen reduced their target price on shares of Intel from $45.00 to $42.00 and set a “market perform” rating for the company in a research note on Friday, January 26th. Morgan Stanley raised their target price on shares of Intel from $39.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. Finally, Citigroup reduced their target price on shares of Intel from $47.50 to $40.00 and set a “neutral” rating for the company in a research note on Monday, April 15th. Four research analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $42.38.

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.