Intel Corporation $INTC Stock: Maryland State Retirement & Pension System Boosts Stake

Maryland State Retirement & Pension System boosted its position in Intel Corporation (NASDAQ:INTC) by 56.0% during the third quarter, Holdings Channel reports. The institutional investor owned 368,282 shares of the chip maker’s stock after purchasing an additional 132,191 shares during the quarter. Intel comprises approximately 0.7% of Maryland State Retirement & Pension System’s portfolio, making the stock its 27th largest holding. Maryland State Retirement & Pension System’s holdings in Intel were worth $44,279,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. UNIVEST FINANCIAL Corp increased its stake in Intel by 8.8% in the 3rd quarter. UNIVEST FINANCIAL Corp now owns 13,167 shares of the chip maker’s stock valued at $1,583,000 after buying an additional 1,067 shares during the last quarter. NBH Bank lifted its position in Intel by 12.5% during the 3rd quarter. NBH Bank now owns 4,054 shares of the chip maker’s stock worth $487,000 after buying an additional 449 shares in the last quarter. Joel Isaacson & Co. LLC lifted its position in Intel by 23.5% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 63,702 shares of the chip maker’s stock worth $7,659,000 after buying an additional 12,121 shares in the last quarter. First Command Advisory Services Inc. boosted its stake in shares of Intel by 11.1% during the 3rd quarter. First Command Advisory Services Inc. now owns 12,617 shares of the chip maker’s stock worth $1,517,000 after buying an additional 1,264 shares during the last quarter. Finally, DSG Capital Advisors LLC acquired a new position in shares of Intel during the 3rd quarter worth about $254,000. Institutional investors own 64.53% of the company’s stock.

Insider Buying and Selling

In other Intel news, CEO Lip Tan purchased 150,000 shares of the stock in a transaction on Monday, November 2nd. The shares were purchased at an average price of $64.73 per share, with a total value of $9,709,500.00. Following the completion of the transaction, the chief executive officer directly owned 1,464,669 shares in the company, valued at $94,808,024.37. This represents a 11.41% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.05% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on INTC shares. Truist Financial decreased their price objective on Intel from $108.00 to $72.00 and set a “hold” rating for the company in a report on Friday, October 30th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $100.00 target price on shares of Intel in a research report on Friday, October 30th. Weiss Ratings upgraded Intel from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, November 4th. JPMorgan Chase & Co. reduced their price target on Intel from $85.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, October 30th. Finally, Susquehanna decreased their price target on Intel from $105.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, twenty-eight have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $97.42.

Key Intel News

Investors following INTC have been watching these news items:

• Positive Sentiment: A broader chip rally followed stronger-than-expected results from AI cloud provider CoreWeave, which helped revive confidence in AI infrastructure spending and lifted Intel alongside other semiconductor names. Marvell and Intel Rally as CoreWeave Results Reignite the AI Chip Trade
• Positive Sentiment: Investors also have recent operating results to point to: Intel reported third-quarter revenue growth and strong data-center performance, while adjusted earnings exceeded analysts’ expectations. CEO Lip-Bu Tan’s reported stock purchases may also support confidence in the turnaround, though they do not resolve execution risks. Intel Rises as Chip Stocks Rebound and Investors Revisit Recent Data-Center Strength
• Negative Sentiment: Intel’s near-term outlook remains a counterweight: its latest guidance and expectations for continued PC weakness have raised concerns about the coming quarters, despite data-center strength. SoftBank’s reported losses on its Intel stake and related hedges add to worries about volatility and possible selling pressure. Intel Stock Faces 87 Million-Share Risk After SoftBank Deal

Intel Stock Performance

Shares of INTC stock opened at $62.50 on Thursday. The company has a fifty day moving average price of $96.19 and a two-hundred day moving average price of $86.73. Intel Corporation has a one year low of $32.89 and a one year high of $142.35. The stock has a market cap of $332.19 billion, a P/E ratio of -25.93, a P/E/G ratio of 6.22 and a beta of 2.42. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.31 and a quick ratio of 1.95.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, October 29th. The chip maker reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.11. The company had revenue of $16.51 billion for the quarter, compared to analyst estimates of $16.56 billion. Intel had a negative net margin of 20.09% and a positive return on equity of 4.70%. Intel’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.23 EPS. As a group, equities analysts predict that Intel Corporation will post 1.04 EPS for the current year.

Intel Company Profile

Intel Corporation is a semiconductor company that designs and manufactures processors and related technologies. Its products include central processing units for personal computers and servers, graphics and AI accelerators, and platforms and components for data center, networking, and edge computing applications. The company also operates Intel Foundry, which provides semiconductor manufacturing, packaging, and related services for Intel and external customers. Intel serves customers and businesses around the world through its products, technologies, and manufacturing operations.