Intel Corporation $INTC Shares Sold by Trek Financial LLC

Trek Financial LLC decreased its holdings in shares of Intel Corporation (NASDAQ:INTC) by 57.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,988 shares of the chip maker’s stock after selling 56,182 shares during the quarter. Trek Financial LLC’s holdings in Intel were worth $4,928,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. State Street Corp raised its holdings 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 purchasing an additional 2,528,657 shares during the last quarter. Primecap Management Co. CA acquired a new stake in shares of Intel in the 2nd quarter valued at approximately $10,507,291,000. Amundi grew its holdings in Intel by 14.9% during the 1st 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 during the last quarter. Bank of America Corp DE lifted its stake in shares of Intel by 35.7% in 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 during the period. Finally, Bank of New York Mellon Corp boosted its holdings 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 worth $1,354,832,000 after acquiring an additional 112,054 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Morgan Stanley set a $85.00 price target on Intel in a research report on Monday, October 19th. DA Davidson decreased their price objective on Intel from $100.00 to $70.00 and set a “neutral” rating for the company in a report on Friday. Freedom Broker cut shares of Intel from a “buy” rating to a “hold” rating and dropped their price target for the stock from $100.00 to $90.00 in a research note on Friday. Mizuho raised their price objective on Intel from $92.00 to $114.00 and gave the company a “neutral” rating in a research note on Tuesday, October 6th. Finally, HSBC reaffirmed a “buy” rating on shares of Intel in a research report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, twenty-eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $97.42.

Intel Stock Performance

Shares of Intel stock opened at $65.76 on Monday. The business has a 50-day moving average of $101.10 and a 200 day moving average of $86.36. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.21 and a quick ratio of 1.86. Intel Corporation has a 12 month low of $32.89 and a 12 month high of $142.35. The stock has a market capitalization of $331.69 billion, a price-to-earnings ratio of -27.29, a price-to-earnings-growth ratio of 6.85 and a beta of 2.42.

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

Key Intel News

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

Insider Buying and Selling at Intel

In other news, CEO Lip Bu Tan acquired 105,263 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were purchased at an average cost of $95.00 per share, for a total transaction of $9,999,985.00. Following the transaction, 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 position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.05% of the stock is currently owned by corporate insiders.

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.