Intel Corporation $INTC Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. reduced its stake in Intel Corporation (NASDAQ:INTC) by 1.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,401,145 shares of the chip maker’s stock after selling 199,555 shares during the quarter. Intel makes up approximately 0.7% of Sumitomo Mitsui Trust Group Inc.’s investment portfolio, making the stock its 19th largest position. Sumitomo Mitsui Trust Group Inc. owned about 0.21% of Intel worth $1,250,530,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Vestor Capital LLC acquired a new position in Intel during the 1st quarter worth about $9,441,000. World Investment Advisors grew its position in Intel by 11.2% in the 1st quarter. World Investment Advisors now owns 62,876 shares of the chip maker’s stock valued at $2,775,000 after acquiring an additional 6,326 shares in the last quarter. University of Texas Texas AM Investment Management Co. acquired a new position in Intel in the 2nd quarter valued at about $4,995,000. Western Wealth Management LLC increased its stake in Intel by 57.7% during the first quarter. Western Wealth Management LLC now owns 21,223 shares of the chip maker’s stock worth $937,000 after purchasing an additional 7,764 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in 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 purchasing an additional 67,588 shares during the period. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

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

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Daiwa Securities Group cut shares of Intel from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Mizuho lifted their price objective on shares of Intel from $92.00 to $114.00 and gave the company a “neutral” rating in a report on Tuesday, October 6th. Morgan Stanley set a $85.00 target price on shares of Intel in a research note on Monday, October 19th. Cantor Fitzgerald reduced their target price on shares of Intel from $125.00 to $90.00 and set a “neutral” rating on the stock in a report on Friday. Finally, KGI Securities raised shares of Intel from a “neutral” rating to an “outperform” rating and set a $95.00 price target for the company in a research report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, twenty-seven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $97.86.

Insider Buying and Selling

In other Intel news, CEO Lip Bu Tan purchased 105,263 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were bought at an average cost of $95.00 per share, for a total transaction of $9,999,985.00. Following the completion of the purchase, the chief executive officer directly owned 1,314,669 shares in the company, valued at approximately $124,893,555. This represents a 8.70% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.05% of the stock is owned by company insiders.

Intel Trading Down 28.6%

Shares of NASDAQ:INTC opened at $65.76 on Friday. Intel Corporation has a 52 week low of $32.89 and a 52 week high of $142.35. The company’s 50 day moving average is $101.10 and its two-hundred day moving average is $86.36. The company has a market cap of $331.69 billion, a PE ratio of -27.29, a P/E/G ratio of 6.98 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 (NASDAQ:INTC) last released its quarterly earnings data 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. The business had revenue of $16.51 billion during the quarter, compared to analysts’ expectations of $16.56 billion. Intel had a negative net margin of 20.09% and a positive return on equity of 4.55%. The company’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.23 EPS. Equities analysts predict that Intel Corporation will post 1.07 earnings per share for the current fiscal year.

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.