Intel Corporation $INTC Stock: Murphy Pohlad Asset Management LLC Decreases Stake

Murphy Pohlad Asset Management LLC decreased its stake in shares of Intel Corporation (NASDAQ:INTC) by 11.5% during the 3rd quarter, Holdings Channel reports. The firm owned 61,296 shares of the chip maker’s stock after selling 7,956 shares during the period. Intel comprises about 2.4% of Murphy Pohlad Asset Management LLC’s investment portfolio, making the stock its 6th biggest position. Murphy Pohlad Asset Management LLC’s holdings in Intel were worth $7,370,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp grew its stake in shares of 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 buying an additional 2,528,657 shares in the last quarter. Primecap Management Co. CA bought a new stake in Intel during the second quarter worth $10,507,291,000. Amundi raised its position in Intel by 14.9% during the first quarter. Amundi now owns 38,969,192 shares of the chip maker’s stock worth $1,719,710,000 after acquiring an additional 5,045,936 shares in the last quarter. Bank of America Corp DE lifted its stake in Intel by 35.7% in the second 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 acquiring an additional 8,342,514 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Intel by 0.4% in the first quarter. Bank of New York Mellon Corp now owns 30,700,929 shares of the chip maker’s stock valued at $1,354,832,000 after acquiring an additional 112,054 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. KeyCorp set a $125.00 price objective on shares of Intel in a research report on Friday, July 24th. DA Davidson raised their target price on shares of Intel from $77.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research note on Friday, July 24th. Barclays upgraded Intel from a “hold” rating to an “overweight” rating in a report on Wednesday, September 16th. Finally, Royal Bank Of Canada assumed coverage on Intel in a research note on Tuesday, September 8th. They issued an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twenty-seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $107.73.

Key Stories Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: The FCC granted Intel a waiver allowing the company to continue using foreign-made robotic devices, easing a potential regulatory and manufacturing constraint. FCC grants Intel waiver for foreign-made robotic devices
• Positive Sentiment: Wedbush identified a potential boost from Intel’s Arizona chip plant, while continued construction progress at the company’s Ohio project reinforced the turnaround narrative and long-term domestic-foundry strategy. Intel Stock Rises as Wedbush Spots a Potential Boost From Arizona Chip Plant
• Positive Sentiment: Investors are positioning for the October 29 quarterly report. Analysts and bullish commentators point to strong server-CPU demand, recent price increases and Intel’s history of exceeding its own forecasts as possible sources of an earnings or guidance beat. Options markets imply a potentially sizable post-earnings move. Prediction: Intel Stock Will Take Off After Oct. 29
• Positive Sentiment: Erste Group raised its fiscal 2027 EPS forecast for Intel to $1.59 from $1.56, above the broader consensus estimate of $1.05, signaling improving expectations for the company’s earnings recovery.
• Neutral Sentiment: The move also reflected a rebound in selected technology shares despite broader market pressure from higher oil prices and concerns about inflation, interest rates and the cost of AI infrastructure. Why are AMD, Intel stocks gaining today?
• Negative Sentiment: Risks remain ahead of earnings: Intel’s third-quarter outlook called for adjusted EPS of $0.38, below the prior quarter’s $0.42, while analysts continue to question whether its foundry operations can achieve competitive yields and scale. Nvidia’s expansion into CPU markets also presents a longer-term competitive threat. The Foundry Disconnect: Intel Nails the Transistor, But TSMC Holds the Keys to Yield and Scale

Intel Stock Performance

Shares of NASDAQ INTC traded up $1.47 during mid-day trading on Friday, reaching $86.96. 71,777,241 shares of the company were exchanged, compared to its average volume of 99,333,760. The stock has a market capitalization of $438.63 billion, a P/E ratio of -41.21, a P/E/G ratio of 9.08 and a beta of 2.22. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.47. The company’s 50-day simple moving average is $101.97 and its 200-day simple moving average is $102.82. Intel Corporation has a twelve month low of $32.89 and a twelve month high of $142.35.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, July 23rd. The chip maker reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.21. The business had revenue of $16.13 billion for the quarter, compared to analyst estimates of $14.43 billion. Intel had a negative net margin of 19.79% and a positive return on equity of 2.62%. Intel’s quarterly revenue was up 25.2% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.10) EPS. As a group, research analysts predict that Intel Corporation will post 1.05 earnings per share for the current year.

Insider Transactions at Intel

In other news, CEO Lip Bu Tan acquired 105,263 shares of Intel stock in a transaction dated Tuesday, August 11th. The stock was bought at an average price of $95.00 per share, for a total transaction of $9,999,985.00. Following the completion of the acquisition, the chief executive officer directly owned 1,314,669 shares in the company, valued at approximately $124,893,555. The trade was a 8.70% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.05% of the stock is owned by company insiders.

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.