Psagot Investment House Ltd. boosted its position in Intel Co. (NASDAQ:INTC) by 56.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,178 shares of the chip maker’s stock after buying an additional 19,860 shares during the period. Psagot Investment House Ltd.’s holdings in Intel were worth $2,590,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in INTC. Tributary Capital Management LLC acquired a new position in Intel in the fourth quarter valued at $28,000. Next Capital Management LLC acquired a new position in Intel in the fourth quarter valued at $46,000. Virtus ETF Advisers LLC acquired a new position in Intel in the fourth quarter valued at $48,000. Stevens First Principles Investment Advisors acquired a new position in Intel in the fourth quarter valued at $53,000. Finally, Tortoise Investment Management LLC increased its stake in Intel by 86.7% in the third quarter. Tortoise Investment Management LLC now owns 1,249 shares of the chip maker’s stock valued at $59,000 after purchasing an additional 580 shares in the last quarter. Institutional investors and hedge funds own 66.03% of the company’s stock.

Shares of INTC stock opened at $46.19 on Friday. Intel Co. has a 52-week low of $42.36 and a 52-week high of $59.59. The company has a quick ratio of 1.13, a current ratio of 1.54 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $209.08 billion, a price-to-earnings ratio of 10.09, a PEG ratio of 1.47 and a beta of 0.84.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, April 25th. The chip maker reported $0.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.02. Intel had a net margin of 29.04% and a return on equity of 29.54%. The business had revenue of $16.10 million during the quarter, compared to the consensus estimate of $16.03 billion. During the same period in the prior year, the firm posted $0.87 EPS. The firm’s quarterly revenue was up .0% compared to the same quarter last year. On average, equities analysts expect that Intel Co. will post 4.25 EPS for the current year.

Several research firms have weighed in on INTC. Morgan Stanley decreased their price target on shares of Intel from $63.00 to $61.00 and set an “overweight” rating for the company in a research note on Monday, June 10th. BidaskClub downgraded shares of Intel from a “buy” rating to a “hold” rating in a research note on Tuesday, May 14th. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $41.00 price target on shares of Intel in a research note on Monday, May 13th. Mizuho decreased their price target on shares of Intel from $58.00 to $56.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Finally, ValuEngine downgraded shares of Intel from a “hold” rating to a “sell” rating in a research note on Thursday, May 9th. Eight investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty have assigned a buy rating to the company. Intel presently has an average rating of “Hold” and an average target price of $54.17.

In other Intel news, EVP Navin Shenoy sold 611 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $51.00, for a total value of $31,161.00. Following the completion of the sale, the executive vice president now directly owns 51,619 shares of the company’s stock, valued at approximately $2,632,569. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Venkata S. M. Renduchintala sold 37,989 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $52.19, for a total transaction of $1,982,645.91. Following the completion of the sale, the insider now directly owns 76,855 shares of the company’s stock, valued at $4,011,062.45. The disclosure for this sale can be found here. Insiders sold a total of 73,575 shares of company stock valued at $3,926,436 over the last ninety days. 0.02% of the stock is currently owned by insiders.

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About Intel

Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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