Intel Co. (NASDAQ:INTC) Shares Sold by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. lessened its stake in shares of Intel Co. (NASDAQ:INTC) by 14.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 12,132 shares of the chip maker’s stock after selling 2,016 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Intel were worth $610,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. New Millennium Group LLC increased its stake in shares of Intel by 87.2% during the fourth quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after acquiring an additional 231 shares during the period. Valued Wealth Advisors LLC acquired a new position in shares of Intel during the fourth quarter valued at approximately $36,000. Cornerstone Planning Group LLC acquired a new position in shares of Intel during the second quarter valued at approximately $25,000. Lumature Wealth Partners LLC increased its stake in shares of Intel by 146.7% during the first quarter. Lumature Wealth Partners LLC now owns 824 shares of the chip maker’s stock valued at $41,000 after acquiring an additional 490 shares during the period. Finally, Legacy Financial Group LLC acquired a new position in Intel in the third quarter worth approximately $30,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Down 1.6 %

INTC stock opened at $35.68 on Thursday. The company has a current ratio of 1.54, a quick ratio of 1.15 and a debt-to-equity ratio of 0.43. Intel Co. has a 1 year low of $26.85 and a 1 year high of $51.28. The company has a fifty day simple moving average of $42.18 and a 200 day simple moving average of $42.35. The firm has a market cap of $150.86 billion, a PE ratio of 91.49, a PEG ratio of 3.21 and a beta of 1.00.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.27. Intel had a net margin of 3.11% and a return on equity of 1.64%. The business had revenue of $15.40 billion during the quarter, compared to analyst estimates of $15.16 billion. During the same quarter in the previous year, the business earned $0.10 EPS. Intel’s quarterly revenue was up 9.7% compared to the same quarter last year. Sell-side analysts anticipate that Intel Co. will post 0.62 EPS for the current fiscal year.

Intel Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were issued a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.50 annualized dividend and a yield of 1.40%. Intel’s dividend payout ratio (DPR) is presently 128.21%.

Insider Buying and Selling

In other news, CEO Patrick P. Gelsinger bought 2,800 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were purchased at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the acquisition, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Patrick P. Gelsinger bought 2,800 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were purchased at an average price of $42.74 per share, for a total transaction of $119,672.00. Following the acquisition, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Patrick P. Gelsinger bought 3,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was purchased at an average price of $43.36 per share, for a total transaction of $130,080.00. Following the acquisition, the chief executive officer now directly owns 28,475 shares in the company, valued at $1,234,676. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. UBS Group lifted their price target on shares of Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a research report on Monday, April 1st. Mizuho decreased their price target on shares of Intel from $58.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, January 26th. Citigroup decreased their price target on shares of Intel from $47.50 to $40.00 and set a “neutral” rating on the stock in a research report on Monday. Rosenblatt Securities restated a “sell” rating and issued a $17.00 price target on shares of Intel in a research report on Friday, February 23rd. Finally, Barclays lifted their price target on shares of Intel from $32.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 16th. Four equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Intel presently has a consensus rating of “Hold” and a consensus target price of $42.62.

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.