Bank Hapoalim BM acquired a new position in Intel Corporation (NASDAQ:INTC – Free Report) during the fourth quarter, Holdings Channel.com reports. The firm acquired 6,282 shares of the chip maker’s stock, valued at approximately $232,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Winch Advisory Services LLC increased its stake in shares of Intel by 28.3% in the fourth quarter. Winch Advisory Services LLC now owns 966 shares of the chip maker’s stock worth $36,000 after acquiring an additional 213 shares during the period. ROI Financial Advisors LLC increased its stake in shares of Intel by 1.7% in the fourth quarter. ROI Financial Advisors LLC now owns 12,967 shares of the chip maker’s stock worth $478,000 after acquiring an additional 217 shares during the period. Focus Financial Network Inc. increased its stake in shares of Intel by 2.1% in the fourth quarter. Focus Financial Network Inc. now owns 10,788 shares of the chip maker’s stock worth $398,000 after acquiring an additional 223 shares during the period. Successful Portfolios LLC increased its stake in shares of Intel by 2.6% in the fourth quarter. Successful Portfolios LLC now owns 8,715 shares of the chip maker’s stock worth $322,000 after acquiring an additional 223 shares during the period. Finally, Providence Wealth Advisors LLC increased its stake in shares of Intel by 1.7% in the fourth quarter. Providence Wealth Advisors LLC now owns 13,340 shares of the chip maker’s stock worth $527,000 after acquiring an additional 225 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.
Intel Stock Down 8.5%
INTC stock opened at $117.05 on Wednesday. The firm has a market cap of $588.29 billion, a PE ratio of -188.79 and a beta of 2.21. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.85 and a current ratio of 2.31. The firm’s fifty day moving average is $98.06 and its 200 day moving average is $62.96. Intel Corporation has a one year low of $18.97 and a one year high of $132.75.
Wall Street Analysts Forecast Growth
INTC has been the topic of a number of research reports. HSBC upgraded shares of Intel from a “hold” rating to a “buy” rating and increased their price objective for the stock from $50.00 to $95.00 in a research note on Tuesday, April 21st. Bank of America upgraded shares of Intel from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $96.00 to $135.00 in a research note on Thursday, June 11th. TD Cowen increased their price objective on shares of Intel from $60.00 to $75.00 and gave the stock a “hold” rating in a research note on Friday, April 24th. Evercore set a $95.00 price objective on shares of Intel in a research note on Friday, April 24th. Finally, Wells Fargo & Company raised their price target on shares of Intel from $85.00 to $110.00 and gave the company an “equal weight” rating in a research report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twenty-seven have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $85.98.
Read Our Latest Research Report on Intel
Insider Buying and Selling
In other Intel news, EVP Boise April Miller sold 40,256 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $99.53, for a total transaction of $4,006,679.68. Following the transaction, the executive vice president directly owned 105,077 shares of the company’s stock, valued at $10,458,313.81. This trade represents a 27.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.05% of the company’s stock.
More Intel News
Here are the key news stories impacting Intel this week:
- Positive Sentiment: Intel said its advanced 18A-P manufacturing node has entered risk production, signaling progress toward attracting outside foundry customers and improving the company’s turnaround prospects. Intel takes a major step toward turning around a business that’s bleeding cash
- Positive Sentiment: Intel’s 18A-P update also highlighted better performance, lower power use, and improved thermal characteristics, which should strengthen its competitiveness in AI and server chips. Intel begins production of anticipated 18A-P chips, as AI continues to drive CPU demand
- Positive Sentiment: Broad investor optimism around Intel’s comeback, foundry potential, and AI-related CPU demand is helping the stock stay in focus after its strong recent rally. Next Stop For Intel Stock (NASDAQ:INTC): $5 Trillion?
Intel Company Profile
Intel Corporation, founded in 1968 by Robert Noyce and Gordon E. Moore and headquartered in Santa Clara, California, is a leading global designer and manufacturer of semiconductor products. The company is historically notable for introducing the first commercial microprocessor and for driving the x86 architecture that underpins many personal computers and servers. Intel’s core business spans the design, fabrication and marketing of processors, chipsets and related components for a wide range of computing applications.
Intel’s product portfolio includes client and mobile processors marketed under brands such as Intel Core and Pentium, as well as high-performance Xeon processors for data centers and cloud infrastructure.
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