Investment House LLC Purchases 78,413 Shares of Intel Corporation $INTC

Investment House LLC grew its position in shares of Intel Corporation (NASDAQ:INTC) by 723.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 89,252 shares of the chip maker’s stock after buying an additional 78,413 shares during the quarter. Investment House LLC’s holdings in Intel were worth $10,731,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Financial Life Planners acquired a new position in Intel in the 1st quarter valued at $25,000. Montgomery Financial Services LLC acquired a new position in Intel in the second quarter valued at about $26,000. Glynn Capital Management LLC bought a new stake in Intel during the second quarter worth about $29,000. Knuff & Co LLC bought a new stake in Intel during the second quarter worth about $29,000. Finally, Beaird Harris Wealth Management LLC grew its stake in Intel by 3,185.7% during the second quarter. Beaird Harris Wealth Management LLC now owns 230 shares of the chip maker’s stock worth $32,000 after buying an additional 223 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Key Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: The FCC granted Intel a waiver allowing the company to use foreign-made robotic devices, potentially easing equipment and supply-chain constraints for its manufacturing operations. FCC grants Intel waiver for foreign-made robotic devices
• Positive Sentiment: Construction progress at Intel’s long-delayed $28 billion Ohio chip project provided evidence that the company is advancing its domestic foundry strategy, while an Arizona fab remains targeted for a 2028 start. Intel Ohio chip project construction milestone
• Positive Sentiment: Analysts expect Intel’s upcoming earnings report to show continued growth, and Nvidia’s investment in Intel was highlighted as a potential vote of confidence in the company’s strategic importance. Intel earnings expectations

Insider Activity

In related news, CEO Lip Bu Tan purchased 105,263 shares of the stock in a transaction dated Tuesday, August 11th. The stock was bought at an average cost of $95.00 per share, for a total transaction of $9,999,985.00. Following the completion of the acquisition, the chief executive officer owned 1,314,669 shares of the company’s stock, valued at approximately $124,893,555. This represents a 8.70% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on INTC shares. Mizuho raised their target price on shares of Intel from $92.00 to $114.00 and gave the company a “neutral” rating in a report on Tuesday, October 6th. Wedbush boosted their target price on shares of Intel from $60.00 to $98.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Robert W. Baird upped their price target on shares of Intel from $75.00 to $125.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Daiwa Securities Group lowered shares of Intel from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Finally, The Goldman Sachs Group initiated coverage on shares of Intel in a research report on Monday. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, twenty-seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $107.73.

Intel Stock Down 8.0%

Shares of NASDAQ INTC opened at $85.48 on Friday. The company has a market cap of $431.16 billion, a price-to-earnings ratio of 149.93, a PEG ratio of 9.87 and a beta of 2.22. The company has a current ratio of 1.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.47. Intel Corporation has a 12 month low of $32.89 and a 12 month high of $142.35. The stock has a 50-day moving average price of $102.28 and a two-hundred day moving average price of $102.93.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, July 23rd. The chip maker reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.21. The business had revenue of $16.13 billion during the quarter, compared to analysts’ expectations of $14.43 billion. Intel had a negative net margin of 19.79% and a positive return on equity of 2.62%. The firm’s quarterly revenue was up 25.2% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.10) EPS. As a group, analysts forecast that Intel Corporation will post 1.05 earnings per share for the current fiscal year.

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.