16,470 Shares of Intel Corporation $INTC Bought by True Freedom Investing LLC

True Freedom Investing LLC purchased a new position in Intel Corporation (NASDAQ:INTC) during the third quarter, HoldingsChannel reports. The institutional investor purchased 16,470 shares of the chip maker’s stock, valued at approximately $1,980,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Primecap Management Co. CA acquired a new position in shares of Intel during the 2nd quarter valued at about $10,507,291,000. Legal & General Group Plc purchased a new position in shares of Intel during the 2nd quarter worth about $4,096,110,000. Assenagon Asset Management S.A. boosted its position in shares of Intel by 87.1% in the third quarter. Assenagon Asset Management S.A. now owns 30,214,769 shares of the chip maker’s stock worth $3,632,722,000 after acquiring an additional 14,063,302 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Intel in the second quarter worth approximately $1,848,438,000. Finally, Bank of America Corp DE boosted its position in shares of Intel by 35.7% in the second quarter. Bank of America Corp DE now owns 31,724,362 shares of the chip maker’s stock worth $4,429,673,000 after acquiring an additional 8,342,514 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Key Stories Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel’s third-quarter revenue rose 20.9% year over year to $16.51 billion, while adjusted earnings of $0.52 per share exceeded consensus estimates. Data-center growth and the company’s shipment of products built on its advanced 18A process provide evidence that its turnaround remains possible. INTC Q3 deep dive
• Positive Sentiment: Northland Securities raised its earnings estimates for Intel, and some longer-term commentary points to potential benefits from 18A production and strategic investments by the U.S. government, Nvidia and SoftBank. These factors may attract dip buyers, although they have not offset near-term concerns. Northland Securities boosts earnings estimates
• Neutral Sentiment: The broader technology market is also under pressure, with chip stocks contributing to a sharp Nasdaq selloff and investors reducing exposure to cash-intensive artificial-intelligence investments. This market backdrop is amplifying Intel-specific volatility. Nasdaq tumbles as chip stocks fall
• Negative Sentiment: Intel’s outlook is the principal catalyst for selling. Next-quarter revenue guidance of approximately $15.5 billion was materially below analyst expectations, reflecting weaker PC demand and supply or capacity constraints that could limit the recovery. Analyst warns on Intel capacity woes
• Negative Sentiment: Multiple firms, including Seaport Global, Bank of America, Roth Capital and Freedom Broker, downgraded Intel to neutral or hold, while Citigroup, Cantor Fitzgerald, Susquehanna, Truist and other firms cut price targets. Analysts cited execution risk, capacity missteps and a slowing PC market, reinforcing concerns that the stock may remain “dead money” until planning and production problems improve. Seaport Global downgrades Intel

Intel Price Performance

INTC opened at $65.76 on Monday. The firm has a 50 day moving average price of $101.10 and a 200 day moving average price of $86.36. The company has a market cap of $331.69 billion, a PE ratio of -27.29, a price-to-earnings-growth ratio of 6.85 and a beta of 2.42. Intel Corporation has a 1 year low of $32.89 and a 1 year high of $142.35. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.86 and a current ratio of 2.21.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, October 29th. The chip maker reported $0.52 EPS for the quarter, beating the consensus estimate of $0.41 by $0.11. The firm had revenue of $16.51 billion for the quarter, compared to analyst estimates of $16.56 billion. Intel had a negative net margin of 20.09% and a positive return on equity of 4.42%. Intel’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.23 earnings per share. Sell-side analysts expect that Intel Corporation will post 1.07 earnings per share for the current year.

Insider Activity

In other Intel news, CEO Lip Bu Tan bought 105,263 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average price of $95.00 per share, with a total value of $9,999,985.00. Following the purchase, the chief executive officer owned 1,314,669 shares in the company, valued at approximately $124,893,555. The trade was a 8.70% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.05% of the stock is owned by insiders.

Analyst Ratings Changes

INTC has been the subject of several research analyst reports. Piper Sandler started coverage on shares of Intel in a research report on Wednesday, September 9th. They set a “neutral” rating and a $110.00 price target for the company. Robert W. Baird set a $83.00 price target on shares of Intel in a report on Friday. Wall Street Zen cut shares of Intel from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Seaport Research Partners cut shares of Intel from a “buy” rating to a “neutral” rating in a research note on Friday. Finally, Susquehanna dropped their price objective on Intel from $105.00 to $75.00 and set a “neutral” rating for the company in a report on Friday. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, twenty-seven have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $97.86.

Intel Company Profile

Intel Corporation (NASDAQ:INTC) is a global semiconductor company that designs and manufactures computing and connectivity products. Its portfolio includes Intel Core processors for personal computers, Xeon processors for data centers and enterprise systems, and products for networking, edge computing, graphics, and artificial intelligence workloads.

Through Intel Foundry, the company also provides semiconductor manufacturing and technology-development services for external customers. Intel develops process technologies, advanced packaging, and other manufacturing capabilities intended to support its own products and third-party chip designs.

Founded in 1968 by Robert Noyce and Gordon Moore, Intel helped establish the modern microprocessor industry and has historically supplied processors for PCs, servers, and other computing systems.