Intel Co. (NASDAQ:INTC) Position Boosted by Psagot Investment House Ltd.
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.
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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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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