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

Bank Hapoalim BM reduced its position in Intel Co. (NASDAQ:INTC - Free Report) by 24.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in INTC. Czech National Bank grew its holdings in shares of Intel by 7.2% during the 3rd quarter. Czech National Bank now owns 869,233 shares of the chip maker's stock worth $20,392,000 after purchasing an additional 58,021 shares during the period. Azzad Asset Management Inc. ADV grew its holdings in shares of Intel by 2.9% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 35,489 shares of the chip maker's stock worth $833,000 after purchasing an additional 998 shares during the period. Everpar Advisors LLC grew its holdings in shares of Intel by 5.1% during the 3rd quarter. Everpar Advisors LLC now owns 10,326 shares of the chip maker's stock worth $242,000 after purchasing an additional 504 shares during the period. Affinity Capital Advisors LLC grew its holdings in shares of Intel by 15.6% during the 3rd quarter. Affinity Capital Advisors LLC now owns 14,717 shares of the chip maker's stock worth $345,000 after purchasing an additional 1,982 shares during the period. Finally, Werlinich Asset Management LLC grew its holdings in shares of Intel by 38.2% during the 3rd quarter. Werlinich Asset Management LLC now owns 60,550 shares of the chip maker's stock worth $1,421,000 after purchasing an additional 16,725 shares during the period. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Stock Performance

NASDAQ INTC opened at $19.29 on Wednesday. The business's 50-day moving average price is $20.67 and its 200 day moving average price is $22.23. Intel Co. has a twelve month low of $18.51 and a twelve month high of $46.63. The company has a market capitalization of $83.20 billion, a PE ratio of -4.40, a price-to-earnings-growth ratio of 9.49 and a beta of 1.08. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC - Get Free Report) last released its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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%. On average, research analysts predict that Intel Co. will post 0.19 earnings per share for the current year.

Insider Transactions at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the transaction, the executive vice president now directly owns 273,258 shares in the company, valued at $7,104,708. This trade represents a 8.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.04% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on INTC. Roth Mkm lowered their target price on Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Wells Fargo & Company lowered their target price on Intel from $28.00 to $25.00 and set an "equal weight" rating for the company in a report on Friday, January 31st. Hsbc Global Res upgraded Intel from a "moderate sell" rating to a "hold" rating in a report on Tuesday, January 21st. Cantor Fitzgerald restated a "neutral" rating and set a $22.00 target price on shares of Intel in a report on Friday, January 31st. Finally, UBS Group lowered their target price on Intel from $26.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday, January 21st. Five investment analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $26.60.

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.

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