New Jersey Better Educational Savings Trust Acquires Shares of 4,121 Intel Co. (NASDAQ:INTC)

New Jersey Better Educational Savings Trust acquired a new stake in shares of Intel Co. (NASDAQ:INTC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,121 shares of the chip maker’s stock, valued at approximately $207,000.

A number of other hedge funds have also recently bought and sold shares of the business. Slow Capital Inc. grew its position in shares of Intel by 0.9% in the 4th quarter. Slow Capital Inc. now owns 54,708 shares of the chip maker’s stock worth $2,749,000 after acquiring an additional 508 shares in the last quarter. Altus Wealth Group LLC boosted its position in Intel by 29.4% during the 4th quarter. Altus Wealth Group LLC now owns 25,315 shares of the chip maker’s stock valued at $1,272,000 after purchasing an additional 5,759 shares during the period. Alera Investment Advisors LLC acquired a new position in Intel during the 4th quarter valued at approximately $201,000. Vanguard Capital Wealth Advisors boosted its position in Intel by 1.3% during the 3rd quarter. Vanguard Capital Wealth Advisors now owns 45,368 shares of the chip maker’s stock valued at $1,613,000 after purchasing an additional 574 shares during the period. Finally, Prosperity Wealth Management Inc. acquired a new position in Intel during the 4th quarter valued at approximately $293,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Up 1.8 %

Shares of INTC stock traded up $0.61 on Thursday, reaching $35.11. 66,064,457 shares of the company’s stock traded hands, compared to its average volume of 47,235,727. Intel Co. has a 12-month low of $26.85 and a 12-month high of $51.28. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.54. The company has a market capitalization of $148.45 billion, a P/E ratio of 90.03, a price-to-earnings-growth ratio of 3.08 and a beta of 1.00. The business’s 50 day moving average price is $41.29 and its two-hundred day moving average price is $42.30.

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, beating analysts’ consensus estimates of $0.27 by $0.27. Intel had a return on equity of 1.64% and a net margin of 3.11%. The business had revenue of $15.40 billion for the quarter, compared to the consensus estimate of $15.16 billion. During the same quarter in the previous year, the company posted $0.10 earnings per share. Intel’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, equities analysts forecast that Intel Co. will post 0.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. UBS Group boosted their price objective on Intel from $46.00 to $50.00 and gave the company a “neutral” rating in a research report on Monday, April 1st. Mizuho cut their target price on Intel from $58.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, January 26th. Rosenblatt Securities reaffirmed a “sell” rating and set a $17.00 target price on shares of Intel in a research note on Friday, February 23rd. Stifel Nicolaus reaffirmed a “hold” rating and set a $45.00 target price on shares of Intel in a research note on Wednesday, April 3rd. Finally, Citigroup dropped their price objective on Intel from $47.50 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, April 15th. Four investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Intel presently has a consensus rating of “Hold” and an average target price of $42.38.

Insider Activity

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

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.