Intel Co. (NASDAQ:INTC) Shares Acquired by Bank of New Hampshire

Bank of New Hampshire increased its stake in shares of Intel Co. (NASDAQ:INTC) by 14.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,051 shares of the chip maker’s stock after purchasing an additional 1,267 shares during the period. Bank of New Hampshire’s holdings in Intel were worth $505,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of INTC. New Millennium Group LLC grew its position in shares of Intel by 87.2% in the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after purchasing an additional 231 shares in the last quarter. Valued Wealth Advisors LLC acquired a new position in Intel in the fourth quarter valued at approximately $36,000. Legacy Financial Group LLC acquired a new stake in Intel during the third quarter worth $30,000. Raleigh Capital Management Inc. raised its position in Intel by 62.8% in the third quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock valued at $33,000 after purchasing an additional 362 shares during the period. Finally, Financial Connections Group Inc. acquired a new position in shares of Intel in the 4th quarter valued at $52,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Stock Performance

Shares of NASDAQ INTC traded up $0.61 during trading hours on Thursday, reaching $35.11. The stock had a trading volume of 59,756,433 shares, compared to its average volume of 47,138,848. The firm has a market cap of $148.45 billion, a price-to-earnings ratio of 89.03, a PEG ratio of 3.08 and a beta of 1.00. Intel Co. has a fifty-two week low of $26.85 and a fifty-two week high of $51.28. The firm has a 50-day moving average of $41.29 and a 200-day moving average of $42.30. 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 (NASDAQ:INTC) last announced its earnings results on Thursday, January 25th. The chip maker reported $0.54 EPS for the quarter, beating analysts’ consensus estimates 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 quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.10 EPS. Equities research analysts predict that Intel Co. will post 0.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on INTC shares. Morgan Stanley upped their target price on shares of Intel from $39.00 to $48.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Rosenblatt Securities reiterated a “sell” rating and issued a $17.00 target price on shares of Intel in a report on Friday, February 23rd. Wedbush restated a “neutral” rating and set a $40.00 price target on shares of Intel in a research note on Wednesday, April 17th. Evercore ISI began coverage on Intel in a research note on Tuesday, April 16th. They issued an “in-line” rating and a $40.00 price objective for the company. Finally, HSBC decreased their target price on Intel from $44.00 to $37.00 and set a “hold” rating on the stock in a research note on Tuesday. Four research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $42.38.

Insider Buying and Selling at Intel

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