Intel Co. (NASDAQ:INTC) Shares Sold by Bank Hapoalim BM

Bank Hapoalim BM lowered its stake in Intel Co. (NASDAQ:INTC) by 24.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 62,242 shares of the chip maker’s stock after selling 19,833 shares during the quarter. Bank Hapoalim BM’s holdings in Intel were worth $1,248,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of INTC. Finley Financial LLC acquired a new stake in shares of Intel in the fourth quarter valued at about $25,000. Quest Partners LLC grew its position in shares of Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after acquiring an additional 1,253 shares in the last quarter. West Financial Advisors LLC acquired a new position in shares of Intel in the 4th quarter worth approximately $31,000. Groupama Asset Managment lifted its holdings in shares of Intel by 6.3% in the 3rd quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after purchasing an additional 8,084 shares during the last quarter. Finally, Sawyer & Company Inc bought a new stake in shares of Intel in the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on INTC shares. Mizuho cut their target price on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Benchmark reiterated a “hold” rating on shares of Intel in a research report on Friday, January 31st. Bank of America reiterated an “underperform” rating and set a $21.00 price target on shares of Intel in a research report on Tuesday, December 3rd. Cantor Fitzgerald restated a “neutral” rating and issued a $22.00 target price on shares of Intel in a report on Friday, January 31st. Finally, Needham & Company LLC restated a “hold” rating on shares of Intel in a report on Friday, January 31st. Five investment analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $26.60.

Insider Transactions at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of the transaction, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. The trade was a 8.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.04% of the stock is owned by company insiders.

Intel Stock Down 0.5 %

Shares of INTC opened at $19.29 on Wednesday. The company has a market capitalization of $83.20 billion, a P/E ratio of -4.40, a PEG ratio of 9.49 and a beta of 1.08. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. Intel Co. has a one year low of $18.51 and a one year high of $46.63. The business’s 50 day simple moving average is $20.67 and its 200-day simple moving average is $22.23.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. As a group, sell-side analysts predict that Intel Co. will post 0.19 EPS for the current fiscal year.

About Intel

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.