33,874 Intel Corporation $INTC Shares Sold by Profund Advisors LLC

Profund Advisors LLC lessened its position in shares of Intel Corporation (NASDAQ:INTC) by 5.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 640,309 shares of the chip maker’s stock after selling 33,874 shares during the period. Intel comprises 2.2% of Profund Advisors LLC’s investment portfolio, making the stock its 8th biggest holding. Profund Advisors LLC’s holdings in Intel were worth $76,984,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in INTC. State Street Corp lifted its position in Intel by 1.2% in 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 purchasing an additional 2,528,657 shares during the period. Primecap Management Co. CA purchased a new position in shares of Intel in the 2nd quarter valued at $10,507,291,000. Bank of America Corp DE grew its holdings in 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 in the last quarter. Legal & General Group Plc acquired a new stake in shares of Intel in the 2nd quarter valued at about $4,096,110,000. Finally, Assenagon Asset Management S.A. raised its position in shares of Intel by 87.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 30,214,769 shares of the chip maker’s stock worth $3,632,722,000 after purchasing an additional 14,063,302 shares during the period. 64.53% of the stock is owned by institutional investors and hedge funds.

More Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel exceeded third-quarter expectations, reporting adjusted earnings of $0.52 per share versus a roughly $0.41 consensus estimate. Revenue increased 21% year over year to approximately $16.5 billion. Intel third-quarter earnings report
• Positive Sentiment: Data Center and AI revenue rose 78% to $7.3 billion, while Intel Foundry revenue increased 58% to $6.7 billion. CEO Lip-Bu Tan also highlighted the potential for AI agents to expand the server CPU market. Intel server and AI revenue coverage
• Neutral Sentiment: Intel agreed to acquire Israeli quantum software company Classiq Technologies for about $2.3 billion, seeking to build a full-stack quantum-computing business. The deal may provide a long-term growth option but adds to near-term spending and execution demands. Intel Classiq acquisition
• Negative Sentiment: Fourth-quarter guidance was well below Wall Street expectations: revenue is projected at $15 billion-$16 billion, versus approximately $17.1 billion expected, with adjusted earnings of about $0.25 per share versus roughly $0.45 expected. Management said the PC slowdown could persist through at least the first half of 2027. Reuters Intel outlook report
• Negative Sentiment: Memory shortages and higher component prices are making PCs more expensive, while Intel expects client-computing revenue to weaken. A blast at its Israel facility is expected to cause roughly $300 million-$600 million in revenue disruption, adding to manufacturing constraints. Intel PC slowdown and Israel facility report
• Negative Sentiment: Analysts responded with multiple downgrades and price-target reductions, citing weak PC demand, supply bottlenecks, lower margins, heavy foundry investment and the risk that Intel may not generate free cash flow in 2027. The outlook also triggered a broad semiconductor selloff, pressuring AMD, Nvidia, Broadcom and other chip stocks. Analyst reactions to Intel earnings

Intel Stock Performance

Shares of NASDAQ INTC opened at $65.76 on Friday. Intel Corporation has a 1-year low of $32.89 and a 1-year high of $142.35. The company has a current ratio of 1.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.47. The stock’s 50-day moving average is $101.10 and its 200 day moving average is $86.36. The stock has a market cap of $331.69 billion, a price-to-earnings ratio of -27.29, a P/E/G ratio of 6.98 and a beta of 2.22.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 29th. The chip maker reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.11. Intel had a positive return on equity of 4.55% and a negative net margin of 20.09%. The firm had revenue of $16.51 billion during the quarter, compared to analyst estimates of $16.56 billion. During the same quarter in the prior year, the company earned $0.23 EPS. The business’s revenue was up 20.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Intel Corporation will post 1.07 EPS for the current fiscal year.

Insider Transactions at Intel

In other Intel news, CEO Lip Bu Tan purchased 105,263 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average cost of $95.00 per share, with a total value of $9,999,985.00. Following the purchase, the chief executive officer owned 1,314,669 shares of the company’s stock, valued at approximately $124,893,555. The trade was a 8.70% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.05% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on INTC shares. National Bank Financial set a $85.00 target price on shares of Intel in a research note on Monday, October 19th. Evercore restated an “outperform” rating and set a $133.00 target price on shares of Intel in a research report on Friday. Wall Street Zen lowered shares of Intel from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. HSBC restated a “buy” rating on shares of Intel in a research note on Friday, July 24th. Finally, UBS Group lowered Intel from a “buy” rating to a “hold” rating and set a $90.00 target price on the stock. in a report on Friday. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, twenty-seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Intel has an average rating of “Hold” and an average target price of $97.86.

Intel 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.