Bessemer Group Inc. Raises Stock Position in Intel Corporation $INTC

Bessemer Group Inc. boosted its stake in shares of Intel Corporation (NASDAQ:INTCFree Report) by 2,280.6% in the first quarter, HoldingsChannel.com reports. The fund owned 2,478,020 shares of the chip maker’s stock after purchasing an additional 2,373,927 shares during the period. Bessemer Group Inc.’s holdings in Intel were worth $109,355,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in INTC. Financial Life Planners purchased a new stake in shares of Intel during the first quarter worth about $25,000. Financially Speaking Inc lifted its stake in Intel by 69.2% in the 4th quarter. Financially Speaking Inc now owns 682 shares of the chip maker’s stock valued at $25,000 after buying an additional 279 shares in the last quarter. Legacy Bridge LLC acquired a new stake in Intel in the 4th quarter worth about $26,000. Raleigh Capital Management Inc. acquired a new stake in Intel in the 4th quarter worth about $29,000. Finally, Swiss RE Ltd. purchased a new stake in Intel during the 4th quarter worth approximately $29,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Intel news, EVP Boise April Miller sold 40,256 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $99.53, for a total value of $4,006,679.68. Following the transaction, the executive vice president directly owned 105,077 shares in the company, valued at $10,458,313.81. The trade was a 27.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.05% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

INTC has been the subject of a number of research analyst reports. HC Wainwright set a $150.00 target price on Intel in a report on Monday, June 29th. BNP Paribas Exane raised Intel from an “underperform” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Tuesday, April 21st. Sanford C. Bernstein reiterated a “market perform” rating and set a $100.00 price target on shares of Intel in a research report on Wednesday, June 17th. Evercore set a $95.00 price objective on Intel in a research note on Friday, April 24th. Finally, Wolfe Research started coverage on Intel in a report on Thursday, June 11th. They issued a “peer perform” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twenty-eight have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $102.72.

Read Our Latest Research Report on INTC

More Intel News

Here are the key news stories impacting Intel this week:

Intel Stock Down 2.0%

Shares of INTC opened at $95.04 on Friday. Intel Corporation has a 52-week low of $18.97 and a 52-week high of $142.35. The company has a quick ratio of 1.85, a current ratio of 2.31 and a debt-to-equity ratio of 0.34. The stock has a fifty day simple moving average of $117.79 and a two-hundred day simple moving average of $75.90. The company has a market capitalization of $477.67 billion, a PE ratio of -153.29 and a beta of 2.18.

Intel (NASDAQ:INTCGet Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The chip maker reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.28. Intel had a negative net margin of 5.90% and a positive return on equity of 0.39%. The firm had revenue of $13.58 billion for the quarter, compared to analysts’ expectations of $12.32 billion. During the same quarter in the previous year, the company posted $0.13 EPS. The company’s revenue was up 7.4% compared to the same quarter last year. Intel has set its Q2 2026 guidance at 0.200-0.200 EPS. As a group, equities analysts forecast that Intel Corporation will post 0.65 EPS for the current year.

Intel Profile

(Free Report)

Intel Corporation, founded in 1968 by Robert Noyce and Gordon E. Moore and headquartered in Santa Clara, California, is a leading global designer and manufacturer of semiconductor products. The company is historically notable for introducing the first commercial microprocessor and for driving the x86 architecture that underpins many personal computers and servers. Intel’s core business spans the design, fabrication and marketing of processors, chipsets and related components for a wide range of computing applications.

Intel’s product portfolio includes client and mobile processors marketed under brands such as Intel Core and Pentium, as well as high-performance Xeon processors for data centers and cloud infrastructure.

See Also

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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