Intel Corporation $INTC Stock: Citizens Financial Group Inc. RI Grows Holdings

Citizens Financial Group Inc. RI lifted its holdings in shares of Intel Corporation (NASDAQ:INTC) by 22.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 118,305 shares of the chip maker’s stock after buying an additional 21,454 shares during the period. Citizens Financial Group Inc. RI’s holdings in Intel were worth $14,224,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp boosted its holdings in Intel by 1.2% in the second quarter. State Street Corp now owns 216,849,675 shares of the chip maker’s stock worth $30,278,720,000 after purchasing an additional 2,528,657 shares in the last quarter. Primecap Management Co. CA acquired a new position in Intel during the second quarter worth $10,507,291,000. Amundi increased its position in Intel by 14.9% during the first quarter. Amundi now owns 38,969,192 shares of the chip maker’s stock worth $1,719,710,000 after buying an additional 5,045,936 shares during the last quarter. Bank of America Corp DE raised its holdings in 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 valued at $4,429,673,000 after buying an additional 8,342,514 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Intel by 0.4% during the first quarter. Bank of New York Mellon Corp now owns 30,700,929 shares of the chip maker’s stock valued at $1,354,832,000 after buying an additional 112,054 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel News Summary

Here are the key news stories impacting Intel this week:

• Positive Sentiment: The FCC granted Intel a waiver allowing the company to continue using foreign-made robotic devices, easing a potential regulatory and manufacturing constraint. FCC grants Intel waiver for foreign-made robotic devices
• Positive Sentiment: Wedbush identified a potential boost from Intel’s Arizona chip plant, while continued construction progress at the company’s Ohio project reinforced the turnaround narrative and long-term domestic-foundry strategy. Intel Stock Rises as Wedbush Spots a Potential Boost From Arizona Chip Plant
• Positive Sentiment: Investors are positioning for the October 29 quarterly report. Analysts and bullish commentators point to strong server-CPU demand, recent price increases and Intel’s history of exceeding its own forecasts as possible sources of an earnings or guidance beat. Options markets imply a potentially sizable post-earnings move. Prediction: Intel Stock Will Take Off After Oct. 29
• Positive Sentiment: Erste Group raised its fiscal 2027 EPS forecast for Intel to $1.59 from $1.56, above the broader consensus estimate of $1.05, signaling improving expectations for the company’s earnings recovery.
• Neutral Sentiment: The move also reflected a rebound in selected technology shares despite broader market pressure from higher oil prices and concerns about inflation, interest rates and the cost of AI infrastructure. Why are AMD, Intel stocks gaining today?
• Negative Sentiment: Risks remain ahead of earnings: Intel’s third-quarter outlook called for adjusted EPS of $0.38, below the prior quarter’s $0.42, while analysts continue to question whether its foundry operations can achieve competitive yields and scale. Nvidia’s expansion into CPU markets also presents a longer-term competitive threat. The Foundry Disconnect: Intel Nails the Transistor, But TSMC Holds the Keys to Yield and Scale

Analysts Set New Price Targets

INTC has been the subject of a number of analyst reports. Stifel Nicolaus reduced their price target on Intel from $120.00 to $110.00 and set a “hold” rating for the company in a research report on Friday, July 24th. Wells Fargo & Company raised their price objective on Intel from $110.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. Truist Financial boosted their target price on Intel from $81.00 to $108.00 and gave the stock a “hold” rating in a report on Friday, July 24th. Wall Street Zen cut Intel from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Sanford C. Bernstein raised Intel from a “hold” rating to an “outperform” rating in a research report on Monday, October 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, twenty-seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Intel currently has an average rating of “Hold” and a consensus target price of $107.73.

Intel Stock Up 1.7%

INTC stock opened at $86.96 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 1.25. Intel Corporation has a 52-week low of $32.89 and a 52-week high of $142.35. The company has a 50-day moving average of $101.97 and a two-hundred day moving average of $102.82. The stock has a market capitalization of $438.63 billion, a price-to-earnings ratio of -41.21, a price-to-earnings-growth ratio of 9.23 and a beta of 2.22.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, July 23rd. The chip maker reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.21. The company had revenue of $16.13 billion for the quarter, compared to the consensus estimate of $14.43 billion. Intel had a positive return on equity of 2.62% and a negative net margin of 19.79%. The firm’s revenue was up 25.2% compared to the same quarter last year. During the same period last year, the business posted ($0.10) earnings per share. As a group, equities research analysts anticipate that Intel Corporation will post 1.05 EPS for the current year.

Insider Buying and Selling at Intel

In other Intel news, CEO Lip Bu Tan bought 105,263 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average price of $95.00 per share, for a total transaction of $9,999,985.00. Following the purchase, the chief executive officer directly owned 1,314,669 shares in the company, valued at $124,893,555. This trade represents a 8.70% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.05% of the company’s stock.

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.