Migdal Insurance & Financial Holdings Ltd. Increases Holdings in Intel Corporation (NASDAQ:INTC)

Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 489.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,447 shares of the chip maker's stock after purchasing an additional 23,622 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.'s holdings in Intel were worth $646,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Intel in the fourth quarter valued at approximately $1,246,569,000. Two Sigma Advisers LP acquired a new position in Intel in the 4th quarter valued at $289,752,000. Two Sigma Investments LP acquired a new position in shares of Intel during the 4th quarter worth $237,457,000. Toronto Dominion Bank grew its stake in shares of Intel by 286.8% during the 4th quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock worth $211,114,000 after purchasing an additional 7,806,882 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd increased its holdings in Intel by 1,180.8% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 7,209,637 shares of the chip maker's stock valued at $163,731,000 after acquiring an additional 6,646,727 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Stock Performance

NASDAQ:INTC traded up $0.30 during trading hours on Friday, reaching $23.10. The stock had a trading volume of 60,111,927 shares, compared to its average volume of 86,265,232. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.31. The stock has a 50 day simple moving average of $21.57 and a 200 day simple moving average of $21.40. Intel Corporation has a 12-month low of $17.67 and a 12-month high of $33.41. The stock has a market cap of $100.76 billion, a P/E ratio of -5.16 and a beta of 1.15.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.12. The company 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 firm's quarterly revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.18 earnings per share. On average, research analysts forecast that Intel Corporation will post -0.11 EPS for the current fiscal year.

Analysts Set New Price Targets

INTC has been the topic of a number of analyst reports. Cfra Research upgraded shares of Intel to a "hold" rating in a research note on Friday, April 25th. Susquehanna lowered their target price on Intel from $24.00 to $22.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. JPMorgan Chase & Co. lowered their price target on Intel from $23.00 to $20.00 and set an "underweight" rating for the company in a research note on Friday, April 25th. Barclays reaffirmed a "reduce" rating on shares of Intel in a research report on Tuesday, April 22nd. Finally, Benchmark reiterated a "hold" rating on shares of Intel in a report on Friday, April 25th. Five equities research analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $21.95.

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.