Intel Corporation $INTC Stake Increased by Vestor Capital LLC

Vestor Capital LLC lifted its stake in shares of Intel Corporation (NASDAQ:INTC) by 2,384.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 140,047 shares of the chip maker’s stock after acquiring an additional 134,411 shares during the period. Vestor Capital LLC’s holdings in Intel were worth $16,838,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. State Street Corp grew its position in Intel by 1.2% during the second quarter. State Street Corp now owns 216,849,675 shares of the chip maker’s stock valued at $30,278,720,000 after acquiring an additional 2,528,657 shares during the last quarter. Primecap Management Co. CA bought a new position in shares of Intel during the 2nd quarter valued at $10,507,291,000. Bank of America Corp DE grew its holdings in shares of Intel by 35.7% during the 2nd quarter. Bank of America Corp DE now owns 31,724,362 shares of the chip maker’s stock valued at $4,429,673,000 after purchasing an additional 8,342,514 shares during the last quarter. Legal & General Group Plc purchased a new position in Intel in the 2nd quarter worth $4,096,110,000. Finally, Assenagon Asset Management S.A. grew its stake in shares of Intel by 87.1% during the third quarter. Assenagon Asset Management S.A. now owns 30,214,769 shares of the chip maker’s stock valued at $3,632,722,000 after buying an additional 14,063,302 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Lip Tan acquired 150,000 shares of Intel stock in a transaction that occurred on Monday, November 2nd. The stock was bought at an average price of $64.73 per share, with a total value of $9,709,500.00. Following the transaction, the chief executive officer directly owned 1,464,669 shares in the company, valued at approximately $94,808,024.37. This represents a 11.41% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.05% of the stock is currently owned by company insiders.

Key Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel is collaborating with ZKH’s LingLong Intelligence on an industrial AI model that combines Intel edge processors with industrial data for use in factories and warehouses. The partnership could help Intel grow beyond traditional data-center markets, though the reports provide no near-term revenue estimates. Why Is Intel Pushing Deeper Into Industrial AI With New Edge Tools?
• Neutral Sentiment: Chip shares broadly recovered after a recent selloff, while Nvidia faced reports of a board investigation involving its CEO. That helped keep attention on alternatives such as Intel, but the coverage described Intel as holding steady amid the rival’s decline. NVIDIA Falls as Board Probes CEO; Intel Holds Steady
• Negative Sentiment: Democratic election wins in states with major data-center projects raised investor concerns about tougher AI regulation and constraints on the buildout. That uncertainty has weighed on AI-linked and semiconductor stocks, including Intel. Election Results and the AI Data Center Trade
• Negative Sentiment: Analysts also point to Intel’s weak fourth-quarter earnings outlook and China-related headwinds. Intel’s projected forward earnings multiple is higher than Nvidia’s in one comparison, raising questions about valuation given its ongoing turnaround and money-losing foundry business. Intel Stock Down 57% in the Past 6 Months: Should You Exercise Caution?

Analyst Upgrades and Downgrades

INTC has been the subject of several analyst reports. Freedom Broker cut Intel from a “buy” rating to a “hold” rating and dropped their target price for the company from $100.00 to $90.00 in a report on Friday, October 30th. Pivotal Research initiated coverage on Intel in a research note on Tuesday, September 8th. They set a “buy” rating for the company. Seaport Research Partners cut shares of Intel from a “buy” rating to a “neutral” rating in a research report on Friday, October 30th. Susquehanna lowered their price objective on shares of Intel from $105.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, October 30th. Finally, Zacks Research upgraded Intel from a “hold” rating to a “strong-buy” rating in a report on Monday, October 26th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, twenty-eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Intel currently has a consensus rating of “Hold” and an average price target of $97.42.

Intel Stock Performance

Shares of Intel stock opened at $59.37 on Tuesday. The company has a current ratio of 2.31, a quick ratio of 1.86 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $315.55 billion, a P/E ratio of -24.63, a P/E/G ratio of 6.23 and a beta of 2.42. The business has a fifty day simple moving average of $97.35 and a two-hundred day simple moving average of $86.63. Intel Corporation has a 12 month low of $32.89 and a 12 month high of $142.35.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, October 29th. The chip maker reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.11. Intel had a negative net margin of 20.09% and a positive return on equity of 4.70%. The firm had revenue of $16.51 billion for the quarter, compared to the consensus estimate of $16.56 billion. During the same period in the prior year, the firm earned $0.23 EPS. The company’s revenue was up 20.9% compared to the same quarter last year. On average, equities analysts forecast that Intel Corporation will post 1.04 earnings per share for the current fiscal year.

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