Harel Insurance Investments & Financial Services Ltd. Buys 2,596 Shares of Intel Co. (NASDAQ:INTC)

Harel Insurance Investments & Financial Services Ltd. grew its stake in Intel Co. (NASDAQ:INTC) by 54.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,335 shares of the chip maker’s stock after purchasing an additional 2,596 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Intel were worth $369,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of INTC. New Millennium Group LLC lifted its position in shares of Intel by 87.2% during the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock worth $25,000 after buying an additional 231 shares in the last quarter. Cornerstone Planning Group LLC purchased a new position in Intel in the second quarter worth $25,000. Legacy Financial Group LLC bought a new position in Intel in the 3rd quarter valued at $30,000. Milestone Investment Advisors LLC purchased a new stake in shares of Intel during the 1st quarter valued at $32,000. Finally, Raleigh Capital Management Inc. raised its stake in shares of Intel by 62.8% during the 3rd quarter. Raleigh Capital Management Inc. now owns 938 shares of the chip maker’s stock worth $33,000 after purchasing an additional 362 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Insider Activity

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

Wall Street Analysts Forecast Growth

INTC has been the subject of several research reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of Intel from $38.00 to $42.00 and gave the company a “hold” rating in a research report on Monday, December 18th. Citigroup decreased their price target on shares of Intel from $47.50 to $40.00 and set a “neutral” rating for the company in a research note on Monday. The Goldman Sachs Group upped their price objective on Intel from $34.00 to $39.00 and gave the company a “sell” rating in a research note on Friday, January 26th. Truist Financial reissued a “hold” rating and issued a $45.00 target price on shares of Intel in a research report on Wednesday, April 3rd. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $50.00 price target on shares of Intel in a research report on Wednesday, April 3rd. Four investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $42.69.

Intel Stock Performance

NASDAQ INTC opened at $36.31 on Tuesday. The firm has a market cap of $153.52 billion, a price-to-earnings ratio of 93.10, a PEG ratio of 3.16 and a beta of 1.00. Intel Co. has a 12-month low of $26.85 and a 12-month high of $51.28. The company has a 50-day simple moving average of $42.45 and a two-hundred day simple moving average of $42.39. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share 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 analysts’ expectations of $15.16 billion. During the same quarter in the prior year, the company posted $0.10 EPS. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, equities analysts forecast that Intel Co. will post 0.62 EPS for the current year.

Intel Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Wednesday, February 7th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.50 annualized dividend and a yield of 1.38%. Intel’s payout ratio is 128.21%.

About Intel

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.