Bank Hapoalim BM lowered its stake in Intel Co. (NASDAQ:INTC – Free Report) by 4.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,075 shares of the chip maker’s stock after selling 3,824 shares during the quarter. Bank Hapoalim BM’s holdings in Intel were worth $1,925,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC lifted its holdings in Intel by 19.3% during the first quarter. Ashton Thomas Private Wealth LLC now owns 37,561 shares of the chip maker’s stock valued at $1,659,000 after purchasing an additional 6,084 shares in the last quarter. Norden Group LLC raised its holdings in Intel by 27.8% during the first quarter. Norden Group LLC now owns 14,412 shares of the chip maker’s stock valued at $637,000 after acquiring an additional 3,133 shares during the period. J.W. Cole Advisors Inc. raised its holdings in Intel by 2.7% during the first quarter. J.W. Cole Advisors Inc. now owns 61,678 shares of the chip maker’s stock valued at $2,726,000 after acquiring an additional 1,609 shares during the period. Consolidated Portfolio Review Corp lifted its position in shares of Intel by 4.9% in the first quarter. Consolidated Portfolio Review Corp now owns 61,641 shares of the chip maker’s stock valued at $2,723,000 after acquiring an additional 2,896 shares in the last quarter. Finally, Diversify Advisory Services LLC bought a new position in shares of Intel in the first quarter worth about $1,265,000. Institutional investors own 64.53% of the company’s stock.
Analyst Ratings Changes
Several brokerages recently issued reports on INTC. Morgan Stanley decreased their target price on Intel from $36.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, August 2nd. Mizuho downgraded shares of Intel from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $36.00 to $22.00 in a report on Thursday, August 8th. New Street Research lowered shares of Intel from a “buy” rating to a “neutral” rating in a research report on Friday, August 2nd. Stifel Nicolaus reiterated a “hold” rating and issued a $25.00 price target (down from $28.00) on shares of Intel in a report on Friday, October 25th. Finally, Argus downgraded shares of Intel from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Six analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $30.80.
Intel Price Performance
INTC opened at $22.13 on Thursday. The company has a quick ratio of 1.24, a current ratio of 1.59 and a debt-to-equity ratio of 0.40. The business has a fifty day moving average of $21.71 and a 200 day moving average of $27.15. Intel Co. has a 52-week low of $18.51 and a 52-week high of $51.28. The stock has a market cap of $94.21 billion, a P/E ratio of 23.23 and a beta of 1.03.
Intel (NASDAQ:INTC – Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The chip maker reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). Intel had a return on equity of 1.78% and a net margin of 1.77%. The company had revenue of $12.80 billion during the quarter, compared to the consensus estimate of $12.92 billion. During the same quarter in the previous year, the company posted ($0.05) earnings per share. The company’s revenue for the quarter was down .8% on a year-over-year basis. As a group, sell-side analysts anticipate that Intel Co. will post -0.47 EPS for the current year.
Insider Buying and Selling at Intel
In related news, CEO Patrick P. Gelsinger bought 12,500 shares of Intel stock in a transaction dated Monday, August 5th. The shares were acquired at an average cost of $20.16 per share, with a total value of $252,000.00. Following the completion of the transaction, the chief executive officer now owns 37,975 shares in the company, valued at $765,576. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.04% of the stock is 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.
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