Intel Corporation $INTC Stock: Phoenix Financial Ltd. Raises Stake

Phoenix Financial Ltd. lifted its holdings in shares of Intel Corporation (NASDAQ:INTC) by 37.4% in the 3rd quarter, Holdings Channel reports. The firm owned 54,483 shares of the chip maker’s stock after acquiring an additional 14,842 shares during the period. Phoenix Financial Ltd.’s holdings in Intel were worth $6,555,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vestor Capital LLC bought a new stake in Intel in the 1st quarter worth approximately $9,441,000. University of Texas Texas AM Investment Management Co. bought a new position in Intel during the second quarter valued at approximately $4,995,000. Western Wealth Management LLC grew its position in Intel by 57.7% during the first quarter. Western Wealth Management LLC now owns 21,223 shares of the chip maker’s stock valued at $937,000 after acquiring an additional 7,764 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Intel by 4.7% during the second quarter. Envestnet Asset Management Inc. now owns 1,493,552 shares of the chip maker’s stock worth $208,541,000 after acquiring an additional 67,588 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Intel by 35.7% during 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 in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Lip Tan purchased 150,000 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The shares were bought at an average cost of $64.73 per share, for a total transaction of $9,709,500.00. Following the completion of the transaction, the chief executive officer directly owned 1,464,669 shares of the company’s stock, valued at $94,808,024.37. This trade represents a 11.41% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.05% of the company’s stock.

Intel Trading Down 2.5%

Shares of Intel stock traded down $1.54 during trading on Friday, reaching $59.66. 102,211,925 shares of the stock were exchanged, compared to its average volume of 146,395,888. The company has a quick ratio of 1.95, a current ratio of 2.31 and a debt-to-equity ratio of 0.47. The stock’s fifty day moving average is $94.97 and its 200 day moving average is $86.90. The firm has a market cap of $317.09 billion, a price-to-earnings ratio of -24.76, a price-to-earnings-growth ratio of 6.55 and a beta of 2.42. Intel Corporation has a 1 year low of $32.89 and a 1 year high of $142.35.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on INTC. Seaport Research Partners cut shares of Intel from a “buy” rating to a “neutral” rating in a research note on Friday, October 30th. Weiss Ratings upgraded shares of Intel from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, November 4th. Sanford C. Bernstein raised shares of Intel from a “hold” rating to an “outperform” rating in a research note on Monday, October 19th. DA Davidson lowered their price target on shares of Intel from $100.00 to $70.00 and set a “neutral” rating for the company in a research note on Friday, October 30th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $100.00 price target on shares of Intel in a research report on Sunday, October 25th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, twenty-eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Intel has a consensus rating of “Hold” and a consensus target price of $96.93.

More Intel News

These are some of the INTC news items that stood out recently:

• Positive Sentiment: Intel drew about $79 million in net ETF buying on Nov. 11, with 54 ETFs adding shares and 11 selling—a source of buying interest amid recent volatility. Article: Intel sees ETF buying
• Positive Sentiment: Intel and RadixArk announced work to optimize open-source SGLang inference on Intel platforms, a move aimed at improving developer choice and performance for AI workloads. Article: Intel and RadixArk collaboration
• Negative Sentiment: Intel fell alongside other chipmakers as technology stocks weakened, with investors assessing inflation data and uncertainty across the semiconductor sector. Article: Chip stocks slide

Intel Profile

Intel Corporation is a semiconductor company that designs and manufactures processors and related technologies. Its products include central processing units for personal computers and servers, graphics and AI accelerators, and platforms and components for data center, networking, and edge computing applications. The company also operates Intel Foundry, which provides semiconductor manufacturing, packaging, and related services for Intel and external customers. Intel serves customers and businesses around the world through its products, technologies, and manufacturing operations.