Foster & Motley Inc. Purchases Shares of 6,346 Intel Co. (NASDAQ:INTC)

Foster & Motley Inc. acquired a new position in Intel Co. (NASDAQ:INTC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,346 shares of the chip maker’s stock, valued at approximately $319,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. New Millennium Group LLC lifted its stake in shares of Intel by 87.2% in the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after acquiring an additional 231 shares during the last quarter. Valued Wealth Advisors LLC bought a new position in shares of Intel in the fourth quarter worth approximately $36,000. Legacy Financial Group LLC purchased a new position in shares of Intel in the third quarter worth $30,000. Raleigh Capital Management Inc. boosted its position in Intel by 62.8% during the 3rd quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock valued at $33,000 after buying an additional 362 shares during the period. Finally, Financial Connections Group Inc. bought a new stake in Intel in the 4th quarter worth $52,000. Institutional investors own 64.53% of the company’s stock.

Insider Transactions at Intel

In other news, CEO Patrick P. Gelsinger acquired 3,000 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were purchased at an average cost of $43.36 per share, for a total transaction of $130,080.00. Following the transaction, the chief executive officer now directly owns 28,475 shares of the company’s stock, valued at $1,234,676. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Patrick P. Gelsinger purchased 2,800 shares of Intel stock in a transaction on 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 acquisition, 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 Securities & Exchange Commission, which is available through the SEC website. Also, CEO Patrick P. Gelsinger purchased 3,000 shares of Intel stock in a transaction on Monday, January 29th. The stock was bought at an average price of $43.36 per share, for a total transaction of $130,080.00. Following the completion of the acquisition, 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. Corporate insiders own 0.04% of the company’s stock.

Wall Street Analysts Forecast Growth

INTC has been the subject of several recent analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research note on Friday, January 26th. Benchmark reaffirmed a “buy” rating and set a $62.00 price objective on shares of Intel in a research note on Wednesday, April 3rd. Mizuho lowered their price objective on shares of Intel from $58.00 to $55.00 and set a “buy” rating for the company in a research note on Friday, January 26th. Rosenblatt Securities reaffirmed a “sell” rating and set a $17.00 price objective on shares of Intel in a research note on Friday, February 23rd. Finally, UBS Group upped their price objective on shares of Intel from $46.00 to $50.00 and gave the company a “neutral” rating in a research note on Monday, April 1st. Four equities 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 company. Based on data from MarketBeat, Intel has a consensus rating of “Hold” and a consensus target price of $42.38.

Intel Trading Up 0.6 %

Shares of Intel stock opened at $34.50 on Thursday. The company’s fifty day simple moving average is $41.29 and its 200-day simple moving average is $42.30. The stock has a market capitalization of $145.87 billion, a PE ratio of 88.46, a P/E/G ratio of 3.08 and a beta of 1.00. Intel Co. has a 1-year low of $26.85 and a 1-year high of $51.28. 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 (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.27. The business 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 company’s revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.10 EPS. As a group, equities analysts anticipate that Intel Co. will post 0.61 earnings per share for the current year.

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.