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

Bank Hapoalim BM decreased its position in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 25.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,094 shares of the chip maker's stock after selling 16,148 shares during the quarter. Bank Hapoalim BM's holdings in Intel were worth $1,047,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vermillion Wealth Management Inc. purchased a new position in shares of Intel during the 4th quarter valued at approximately $27,000. LFA Lugano Financial Advisors SA purchased a new position in shares of Intel during the 1st quarter valued at approximately $30,000. Olde Wealth Management LLC purchased a new position in shares of Intel during the 1st quarter valued at approximately $31,000. Conquis Financial LLC purchased a new position in shares of Intel during the 4th quarter valued at approximately $32,000. Finally, Mizuho Securities Co. Ltd. purchased a new position in shares of Intel during the 1st quarter valued at approximately $32,000. Institutional investors and hedge funds own 64.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Cantor Fitzgerald decreased their target price on Intel from $29.00 to $20.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. Bank of America upgraded Intel from an "underperform" rating to a "neutral" rating and raised their price objective for the company from $19.00 to $25.00 in a report on Thursday, March 13th. Wells Fargo & Company decreased their price objective on Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Sanford C. Bernstein decreased their price objective on Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd. Finally, Needham & Company LLC restated a "hold" rating on shares of Intel in a report on Friday, April 25th. Five research analysts have rated the stock with a sell rating, twenty-six have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $21.76.

Intel Stock Performance

NASDAQ INTC opened at $22.00 on Tuesday. The company has a market cap of $95.96 billion, a P/E ratio of -4.91 and a beta of 1.15. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.93. The stock has a 50-day moving average of $21.07 and a two-hundred day moving average of $21.23. Intel Corporation has a 1-year low of $17.67 and a 1-year high of $37.16.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.12. The business had revenue of $12.67 billion during the quarter, compared to analysts' expectations of $12.26 billion. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. The business's quarterly revenue was down .4% compared to the same quarter last year. During the same quarter last year, the business posted $0.18 EPS. As a group, analysts anticipate that Intel Corporation will post -0.11 EPS for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.