Oslo Pensjonsforsikring AS bought a new stake in shares of Intel Corporation (NASDAQ:INTC – Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 21,249 shares of the chip maker’s stock, valued at approximately $938,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financially Speaking Inc increased its position in Intel by 69.2% during the 4th quarter. Financially Speaking Inc now owns 682 shares of the chip maker’s stock valued at $25,000 after purchasing an additional 279 shares during the period. Financial Life Planners purchased a new stake in shares of Intel in the 1st quarter worth about $25,000. Legacy Bridge LLC purchased a new stake in shares of Intel in the 4th quarter worth about $26,000. Raleigh Capital Management Inc. bought a new stake in shares of Intel during the 4th quarter valued at about $29,000. Finally, Swiss RE Ltd. bought a new stake in shares of Intel during the 4th quarter valued at about $29,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.
Intel Trading Up 8.6%
NASDAQ:INTC opened at $105.45 on Wednesday. Intel Corporation has a one year low of $18.97 and a one year high of $142.35. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.31 and a quick ratio of 1.85. The company’s 50-day simple moving average is $116.84 and its 200 day simple moving average is $77.08. The firm has a market capitalization of $529.99 billion, a P/E ratio of -170.08 and a beta of 2.18.
Intel News Summary
Here are the key news stories impacting Intel this week:
- Positive Sentiment: RBC and other bullish previews said Intel could beat Q2 revenue expectations, helped by stronger server demand and improving data center momentum. Intel Jumps 6% on RBC’s Q2 Beat Call, AMD Rises 4%, Broadcom Climbs 3% as the Chip Rally Resumes
- Positive Sentiment: Intel’s foundry business landed Fortinet as its first named customer under CEO Lip-Bu Tan, a win that supports the turnaround story and signals outside interest in Intel’s manufacturing capabilities. Intel’s foundry lands first named customer under CEO Lip-Bu Tan, as Fortinet signs on for security chips
- Positive Sentiment: Intel also announced a Fortinet partnership on security chips and reported progress tied to memory upgrades, Google Cloud AI expansion, and restructuring, which added to the pre-earnings rally. Intel Stock (NASDAQ:INTC) Blasts Up After Fortinet Team-Up
- Positive Sentiment: Chip stocks broadly rebounded, and Intel was one of the leaders as investors rotated back into semiconductors after the recent selloff. Chip Stocks Extend Rebound on Tuesday as Nvidia, AMD, SNDK, Micron, and Intel Rise. Here’s Why
- Neutral Sentiment: Intel faces a large implied post-earnings move, showing traders expect a meaningful reaction either way after results. Intel Could Swing $61.4 Billion in Value After Earnings This Week
- Negative Sentiment: Some analysts warned the stock’s valuation is stretched and that sentiment could overwhelm even solid earnings, especially if guidance disappoints. Intel set to beat but valuation leaves it exposed to sentiment swings
- Negative Sentiment: Reports of fresh layoffs in Intel’s data center and AI unit underscore the ongoing turnaround effort and suggest management is still making tough cuts to improve efficiency. Intel Launches Fresh Layoffs in Data Center and AI Unit Ahead of Earnings as Lip-Bu Tan Pushes Turnaround Strategy
Insider Buying and Selling at Intel
In related news, EVP Boise April Miller sold 40,256 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $99.53, for a total value of $4,006,679.68. Following the sale, the executive vice president owned 105,077 shares in the company, valued at $10,458,313.81. This represents a 27.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.05% of the stock is owned by insiders.
Analysts Set New Price Targets
INTC has been the subject of several research analyst reports. Northland Securities lowered shares of Intel from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 26th. Mizuho set a $135.00 target price on Intel in a report on Sunday, June 21st. New Street Research increased their target price on Intel from $100.00 to $122.00 in a research report on Friday, June 26th. TD Cowen increased their target price on Intel from $75.00 to $115.00 and gave the stock a “hold” rating in a research report on Monday, July 13th. Finally, Wall Street Zen upgraded Intel from a “hold” rating to a “buy” rating in a research note on Saturday. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twenty-nine have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $102.77.
View Our Latest Stock Analysis on Intel
Intel Profile
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.
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