Intel Corporation $INTC Shares Newly Bought by Nippon Life Global Investors Americas Inc.

Nippon Life Global Investors Americas Inc. acquired a new stake in shares of Intel Corporation (NASDAQ:INTC) in the third quarter, HoldingsChannel.com reports. The fund acquired 134,510 shares of the chip maker’s stock, valued at approximately $16,172,000.

Several other hedge funds also recently made changes to their positions in the company. Primecap Management Co. CA purchased a new position in shares of Intel during the second quarter valued at approximately $10,507,291,000. Legal & General Group Plc bought a new position in shares of Intel during the second quarter valued at approximately $4,096,110,000. Assenagon Asset Management S.A. lifted its holdings 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 purchasing an additional 14,063,302 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Intel during the second quarter valued at approximately $1,848,438,000. Finally, Bank of America Corp DE boosted its position in shares of Intel by 35.7% in the 2nd quarter. Bank of America Corp DE now owns 31,724,362 shares of the chip maker’s stock worth $4,429,673,000 after purchasing an additional 8,342,514 shares in the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Stock Performance

Shares of INTC stock opened at $65.76 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.21 and a quick ratio of 1.86. The company has a market cap of $331.69 billion, a price-to-earnings ratio of -27.29, a PEG 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 firm has a fifty day moving average price of $101.10 and a 200-day moving average price of $86.36.

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

More Intel News

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

Insider Buying and Selling

In other Intel news, CEO Lip Bu Tan purchased 105,263 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was acquired at an average cost 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 of the company’s stock, valued at $124,893,555. This trade represents a 8.70% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.05% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on INTC shares. HSBC reaffirmed a “buy” rating on shares of Intel in a report on Friday, July 24th. Rosenblatt Securities lowered their price objective on Intel from $80.00 to $70.00 and set a “sell” rating on the stock in a research report on Friday. Wedbush reissued a “neutral” rating and issued a $98.00 target price on shares of Intel in a report on Tuesday, October 27th. Robert W. Baird set a $83.00 price target on Intel in a report on Friday. Finally, Wall Street Zen downgraded Intel from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, twenty-seven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $97.86.

About Intel

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.