Migdal Insurance & Financial Holdings Ltd. Sells 24,676 Shares of Intel Corporation $INTC

Migdal Insurance & Financial Holdings Ltd. trimmed its holdings in shares of Intel Corporation (NASDAQ:INTC) by 86.7% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,771 shares of the chip maker’s stock after selling 24,676 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Intel were worth $84,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Westbourne Investments Inc. grew its stake in shares of Intel by 319.4% during the 1st quarter. Westbourne Investments Inc. now owns 71,425 shares of the chip maker’s stock worth $1,622,000 after acquiring an additional 54,395 shares in the last quarter. Pacific Wealth Management bought a new position in shares of Intel during the 2nd quarter worth approximately $1,593,000. Y Intercept Hong Kong Ltd grew its stake in shares of Intel by 6,865.7% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 1,151,425 shares of the chip maker’s stock worth $25,792,000 after acquiring an additional 1,134,895 shares in the last quarter. First Bancorp Inc ME bought a new position in shares of Intel during the 2nd quarter worth approximately $207,000. Finally, KLP Kapitalforvaltning AS grew its stake in shares of Intel by 6.4% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 1,558,908 shares of the chip maker’s stock worth $34,920,000 after acquiring an additional 93,900 shares in the last quarter. 64.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on INTC shares. Benchmark raised their price target on shares of Intel from $43.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Morgan Stanley raised their price target on shares of Intel from $23.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Monday, October 20th. Loop Capital raised their target price on shares of Intel from $25.00 to $40.00 and gave the company a “hold” rating in a research note on Friday, October 24th. DZ Bank reissued a “sell” rating on shares of Intel in a research note on Friday, October 24th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Intel in a research note on Friday, October 24th. Two analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and eight have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $33.84.

Intel Trading Down 0.5%

Shares of Intel stock opened at $41.34 on Thursday. The business has a fifty day simple moving average of $31.37 and a two-hundred day simple moving average of $24.82. Intel Corporation has a 1 year low of $17.67 and a 1 year high of $42.48. The company has a market capitalization of $180.95 billion, a price-to-earnings ratio of 4,138.14 and a beta of 1.33. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.60 and a quick ratio of 1.25.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, October 23rd. The chip maker reported $0.23 earnings per share (EPS) for the quarter. Intel had a negative return on equity of 0.75% and a net margin of 0.37%.The business had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.10 billion. During the same quarter last year, the firm posted ($0.46) EPS. The company’s quarterly revenue was up 3.0% on a year-over-year basis. Intel has set its Q4 2025 guidance at 0.080-0.080 EPS. Research analysts forecast that Intel Corporation will post -0.11 EPS for the current year.

Intel Company 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.