Pinkerton Wealth LLC Purchases New Stake in Intel Corporation $INTC

Pinkerton Wealth LLC purchased a new position in Intel Corporation (NASDAQ:INTC) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,987 shares of the chip maker’s stock, valued at approximately $1,201,000.

Other institutional investors have also added to or reduced their stakes in the company. Montgomery Financial Services LLC purchased a new position in shares of Intel in the second quarter worth $26,000. Glynn Capital Management LLC bought a new position in shares of Intel during the second quarter worth $29,000. Knuff & Co LLC purchased a new position in Intel during the second quarter valued at $29,000. 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 valued at $32,000 after acquiring an additional 223 shares in the last quarter. Finally, Aventus Investment Advisors Inc. purchased a new position in Intel during the second quarter valued at $33,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Intel

In related news, CEO Lip Bu Tan purchased 105,263 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 1,314,669 shares in the company, valued at $124,893,555. This represents a 8.70% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.05% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. DA Davidson reduced their price target on shares of Intel from $100.00 to $70.00 and set a “neutral” rating on the stock in a report on Friday. Robert W. Baird set a $83.00 price objective on shares of Intel in a report on Friday. Piper Sandler assumed coverage on Intel in a research report on Wednesday, September 9th. They set a “neutral” rating and a $110.00 price objective for the company. National Bank Financial set a $85.00 target price on Intel in a report on Monday, October 19th. Finally, Wedbush reiterated a “neutral” rating and issued a $98.00 target price on shares of Intel in a research report on Tuesday, October 27th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, twenty-seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Intel has a consensus rating of “Hold” and an average price target of $97.86.

Intel Price Performance

INTC stock opened at $65.76 on Monday. Intel Corporation has a 52 week low of $32.89 and a 52 week high of $142.35. The company has a quick ratio of 1.86, a current ratio of 2.21 and a debt-to-equity ratio of 0.35. The company has a fifty day simple moving average of $101.10 and a two-hundred day simple moving average of $86.36. The firm has a market capitalization of $331.69 billion, a P/E ratio of -27.29, a price-to-earnings-growth ratio of 6.85 and a beta of 2.42.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, October 29th. The chip maker reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.11. Intel had a negative net margin of 20.09% and a positive return on equity of 4.42%. The firm had revenue of $16.51 billion for the quarter, compared to the consensus estimate of $16.56 billion. During the same period in the previous year, the firm posted $0.23 EPS. The business’s quarterly revenue was up 20.9% on a year-over-year basis. Analysts anticipate that Intel Corporation will post 1.07 earnings per share for the current fiscal year.

Intel News Roundup

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel’s third-quarter revenue rose 20.9% year over year to $16.51 billion, while adjusted earnings of $0.52 per share exceeded consensus estimates. Data-center growth and the company’s shipment of products built on its advanced 18A process provide evidence that its turnaround remains possible. INTC Q3 deep dive
• Positive Sentiment: Northland Securities raised its earnings estimates for Intel, and some longer-term commentary points to potential benefits from 18A production and strategic investments by the U.S. government, Nvidia and SoftBank. These factors may attract dip buyers, although they have not offset near-term concerns. Northland Securities boosts earnings estimates
• Neutral Sentiment: The broader technology market is also under pressure, with chip stocks contributing to a sharp Nasdaq selloff and investors reducing exposure to cash-intensive artificial-intelligence investments. This market backdrop is amplifying Intel-specific volatility. Nasdaq tumbles as chip stocks fall
• Negative Sentiment: Intel’s outlook is the principal catalyst for selling. Next-quarter revenue guidance of approximately $15.5 billion was materially below analyst expectations, reflecting weaker PC demand and supply or capacity constraints that could limit the recovery. Analyst warns on Intel capacity woes
• Negative Sentiment: Multiple firms, including Seaport Global, Bank of America, Roth Capital and Freedom Broker, downgraded Intel to neutral or hold, while Citigroup, Cantor Fitzgerald, Susquehanna, Truist and other firms cut price targets. Analysts cited execution risk, capacity missteps and a slowing PC market, reinforcing concerns that the stock may remain “dead money” until planning and production problems improve. Seaport Global downgrades Intel

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.