Harel Insurance Investments & Financial Services Ltd. Has $260,000 Position in Intel Corporation (NASDAQ:INTC)

Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Intel Corporation (NASDAQ:INTC) by 2,731.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 11,466 shares of the chip maker’s stock after purchasing an additional 11,061 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Intel were worth $260,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. LFA Lugano Financial Advisors SA acquired a new stake in shares of Intel in the first quarter valued at $30,000. Vermillion Wealth Management Inc. acquired a new stake in shares of Intel in the fourth quarter valued at $27,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of Intel in the first quarter valued at $32,000. EQ Wealth Advisors LLC acquired a new stake in shares of Intel in the first quarter valued at $33,000. Finally, Conquis Financial LLC acquired a new stake in shares of Intel in the fourth quarter valued at $32,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Price Performance

Shares of INTC opened at $22.41 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. Intel Corporation has a 1 year low of $17.67 and a 1 year high of $37.16. The stock has a market cap of $97.73 billion, a P/E ratio of -5.00 and a beta of 1.15. The stock’s 50-day moving average price is $21.04 and its two-hundred day moving average price is $21.20.

Intel (NASDAQ:INTC) last released its quarterly earnings data 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. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. The business had revenue of $12.67 billion for the quarter, compared to analysts’ expectations of $12.26 billion. During the same quarter in the previous year, the business posted $0.18 EPS. Intel’s revenue for the quarter was down .4% on a year-over-year basis. On average, equities analysts predict that Intel Corporation will post -0.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

INTC has been the subject of a number of research reports. Bank of America upgraded Intel from an “underperform” rating to a “neutral” rating and raised their target price for the company from $19.00 to $25.00 in a research note on Thursday, March 13th. Needham & Company LLC restated a “hold” rating on shares of Intel in a research note on Friday, April 25th. Sanford C. Bernstein lowered their target price on Intel from $25.00 to $21.00 and set a “market perform” rating for the company in a research note on Tuesday, April 22nd. Susquehanna decreased their price target on Intel from $24.00 to $22.00 and set a “neutral” rating on the stock in a report on Wednesday, April 16th. Finally, Mizuho raised their price target on Intel from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday. Six equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Intel currently has a consensus rating of “Hold” and a consensus target price of $21.62.

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.