Trek Financial LLC trimmed its stake in Intel Corporation (NASDAQ:INTC – Free Report) by 57.8% in the third quarter, Holdings Channel.com reports. 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.
Several other large investors also recently bought and sold shares of the company. ABS Investment Management LLC acquired a new position in Intel during the 2nd quarter worth $694,101,000. Montgomery Financial Services LLC purchased a new stake in Intel during the second quarter valued at about $26,000. Knuff & Co LLC acquired a new stake in Intel during the 2nd quarter worth about $29,000. Glynn Capital Management LLC acquired a new stake in Intel during the second quarter valued at $29,000. Finally, Beaird Harris Wealth Management LLC raised its holdings in shares of Intel by 3,185.7% during the 2nd quarter. Beaird Harris Wealth Management LLC now owns 230 shares of the chip maker’s stock valued at $32,000 after purchasing an additional 223 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.
Insider Activity at Intel
In other Intel news, CEO Lip Bu Tan bought 105,263 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was acquired at an average price of $95.00 per share, for a total transaction of $9,999,985.00. Following the completion of the purchase, the chief executive officer owned 1,314,669 shares of the company’s stock, valued at approximately $124,893,555. This represents a 8.70% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.05% of the company’s stock.
Intel Price Performance
Shares of NASDAQ:INTC opened at $65.76 on Monday. The business has a fifty day moving average price of $101.10 and a 200-day moving average price of $86.36. The company has a market capitalization of $331.69 billion, a PE ratio of -27.29, a PEG ratio of 6.85 and a beta of 2.42. 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 1-year low of $32.89 and a 1-year high of $142.35.
Intel (NASDAQ:INTC – Get Free Report) last released its earnings results on Thursday, October 29th. The chip maker reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.11. Intel had a positive return on equity of 4.42% and a negative net margin of 20.09%. The firm had revenue of $16.51 billion for the quarter, compared to the consensus estimate of $16.56 billion. During the same quarter in the previous year, the company posted $0.23 EPS. The company’s revenue for the quarter was up 20.9% compared to the same quarter last year. As a group, equities analysts expect that Intel Corporation will post 1.07 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on INTC. DA Davidson dropped their price objective on shares of Intel from $100.00 to $70.00 and set a “neutral” rating on the stock in a report on Friday. Truist Financial lowered their price target on Intel from $108.00 to $72.00 and set a “hold” rating for the company in a report on Friday. Freedom Broker lowered shares of Intel from a “buy” rating to a “hold” rating and cut their price objective for the stock from $100.00 to $90.00 in a research report on Friday. Roth Capital cut shares of Intel from a “buy” rating to a “neutral” rating and cut their target price for the stock from $120.00 to $70.00 in a research note on Friday. Finally, Pivotal Research began coverage on shares of Intel in a research note on Tuesday, September 8th. They issued a “buy” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, twenty-eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $97.42.
Check Out Our Latest Report on INTC
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
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.
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