Foster & Motley Inc. Makes New $319,000 Investment in Intel Co. (NASDAQ:INTC)

Foster & Motley Inc. acquired a new position in shares of Intel Co. (NASDAQ:INTC) in the fourth quarter, Holdings Channel.com reports. The firm acquired 6,346 shares of the chip maker’s stock, valued at approximately $319,000.

A number of other large investors also recently added to or reduced their stakes in INTC. Barrett & Company Inc. boosted its stake in Intel by 6.1% in the fourth quarter. Barrett & Company Inc. now owns 3,662 shares of the chip maker’s stock valued at $184,000 after acquiring an additional 210 shares during the period. Revolve Wealth Partners LLC boosted its stake in Intel by 3.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 7,397 shares of the chip maker’s stock valued at $372,000 after acquiring an additional 216 shares during the period. New Millennium Group LLC raised its holdings in shares of Intel by 87.2% during the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after buying an additional 231 shares during the last quarter. Waldron Private Wealth LLC raised its holdings in shares of Intel by 0.6% during the fourth quarter. Waldron Private Wealth LLC now owns 41,074 shares of the chip maker’s stock valued at $2,063,000 after buying an additional 232 shares during the last quarter. Finally, Spreng Capital Management Inc. raised its holdings in shares of Intel by 1.3% during the fourth quarter. Spreng Capital Management Inc. now owns 19,644 shares of the chip maker’s stock valued at $987,000 after buying an additional 246 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on INTC. Morgan Stanley lifted their price target on Intel from $39.00 to $48.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a report on Friday, January 26th. Bank of America cut their price target on Intel from $50.00 to $44.00 and set a “neutral” rating on the stock in a report on Friday, April 12th. Benchmark reissued a “buy” rating and set a $62.00 target price on shares of Intel in a report on Wednesday, April 3rd. Finally, Evercore ISI started coverage on Intel in a report on Tuesday, April 16th. They set an “in-line” rating and a $40.00 target price on the stock. Four analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $42.38.

Intel Stock Up 0.6 %

INTC stock opened at $34.50 on Thursday. The company has a current ratio of 1.54, a quick ratio of 1.15 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. The company has a fifty day simple moving average of $41.29 and a 200 day simple moving average of $42.30. The firm has a market cap of $145.87 billion, a PE ratio of 88.46, a PEG ratio of 3.08 and a beta of 1.00.

Intel (NASDAQ:INTC) last released its quarterly earnings data 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. Intel had a net margin of 3.11% and a return on equity of 1.64%. The business had revenue of $15.40 billion during the quarter, compared to analyst estimates of $15.16 billion. During the same quarter in the previous year, the business earned $0.10 EPS. Intel’s quarterly revenue was up 9.7% compared to the same quarter last year. Sell-side analysts anticipate that Intel Co. will post 0.61 EPS for the current fiscal year.

Insider Activity at Intel

In other Intel news, CEO Patrick P. Gelsinger acquired 3,000 shares of Intel stock in a transaction that occurred on Monday, January 29th. The stock was acquired at an average price of $43.36 per share, with a total value of $130,080.00. Following the purchase, the chief executive officer now owns 28,475 shares in the company, valued at $1,234,676. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Patrick P. Gelsinger bought 3,000 shares of the business’s stock in a transaction on Monday, January 29th. The stock was purchased at an average price of $43.36 per share, with a total value of $130,080.00. Following the transaction, the chief executive officer now directly owns 28,475 shares in the company, valued at $1,234,676. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Patrick P. Gelsinger bought 2,800 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were purchased at an average cost of $42.74 per share, with a total value of $119,672.00. Following the transaction, the chief executive officer now owns 31,275 shares in the company, valued at $1,336,693.50. The disclosure for this purchase can be found here. 0.04% of the stock is 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.