Candriam S.C.A. increased its stake in shares of Intel Corporation (NASDAQ:INTC – Free Report) by 91.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,200,085 shares of the chip maker’s stock after purchasing an additional 572,302 shares during the quarter. Candriam S.C.A.’s holdings in Intel were worth $144,813,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Pathway Financial Advisers LLC bought a new position in Intel in the 3rd quarter valued at $25,000. Montgomery Financial Services LLC acquired a new stake in shares of Intel in the 2nd quarter valued at $26,000. Next Level Wealth Planning LLC acquired a new stake in shares of Intel in the 3rd quarter valued at $28,000. Glynn Capital Management LLC bought a new stake in shares of Intel during the second quarter worth $29,000. Finally, Knuff & Co LLC bought a new stake in shares of Intel during the second quarter worth $29,000. Institutional investors and hedge funds own 64.53% of the company’s stock.
Key Headlines Impacting Intel
Here are the key news stories impacting Intel this week:
- Positive Sentiment: Intel joined a broad recovery in semiconductor stocks as investors bought shares after Thursday’s steep AI-related selloff. The rebound lifted the Nasdaq, though worries about interest rates and AI spending persisted. Market and chip-stock rebound
- Positive Sentiment: CEO Lip-Bu Tan bought 150,000 shares for about $9.7 million, increasing his direct ownership by 11.4%. The insider purchase may signal confidence, although it does not resolve Intel’s operating challenges. Report on CEO share purchase
- Positive Sentiment: Intel technology is being used in Atsign’s EdgeAI platform, while a separate report highlighted Xeon processors for enterprise AI workloads. These developments support Intel’s effort to build AI-related demand beyond traditional PC chips. Intel EdgeAI and Xeon developments
- Negative Sentiment: The recovery follows pressure from Intel’s fourth-quarter revenue outlook of $15 billion to $16 billion and management’s warning that PC weakness could extend into 2027. A securities law firm has also announced an investigation into potential investor claims; this is an investigation notice, not a finding of wrongdoing. Investigation notice and outlook concerns
- Negative Sentiment: Analyst estimate reductions and ongoing concerns about losses in Intel Foundry add to doubts about earnings momentum and the execution of its turnaround. Analysis of Intel Foundry risks
Intel Stock Up 7.7%
NASDAQ:INTC opened at $56.28 on Friday. Intel Corporation has a 1 year low of $32.89 and a 1 year high of $142.35. The stock has a 50-day moving average price of $97.95 and a two-hundred day moving average price of $86.60. The stock has a market cap of $299.13 billion, a price-to-earnings ratio of -23.35, a PEG ratio of 6.02 and a beta of 2.42. The company has a current ratio of 2.31, a quick ratio of 1.86 and a debt-to-equity ratio of 0.47.
Intel (NASDAQ:INTC – Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The chip maker reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.11. Intel had a positive return on equity of 4.70% and a negative net margin of 20.09%. The company had revenue of $16.51 billion for the quarter, compared to analyst estimates of $16.56 billion. During the same quarter last year, the firm posted $0.23 earnings per share. Intel’s revenue was up 20.9% compared to the same quarter last year. As a group, equities analysts expect that Intel Corporation will post 1.04 earnings per share for the current year.
Insider Transactions at Intel
In related news, CEO Lip Tan bought 150,000 shares of the company’s stock in a transaction on Monday, November 2nd. The shares were purchased at an average cost of $64.73 per share, for a total transaction of $9,709,500.00. Following the acquisition, the chief executive officer owned 1,464,669 shares of the company’s stock, valued at approximately $94,808,024.37. This represents a 11.41% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.05% of the company’s stock.
Analyst Upgrades and Downgrades
INTC has been the topic of several research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research note on Tuesday, October 27th. HSBC reissued a “buy” rating on shares of Intel in a report on Friday, July 24th. Zacks Research upgraded shares of Intel from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 26th. Morgan Stanley set a $85.00 target price on shares of Intel in a research note on Monday, October 19th. Finally, Daiwa Securities Group cut shares of Intel from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, twenty-eight have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $97.42.
Get Our Latest Report on Intel
Intel Company Profile
Featured Articles
- Five stocks we like better than Intel
- Dutch Bros Gave Wall Street What It Wanted, So Why Did the Stock Crater?
- Astera Labs Just Crushed Earnings—So Why Are Analysts Cutting Price Targets?
- Sandisk Shares Are Oversold: Bargain or Value Trap?
- IonQ’s Record Revenue Includes a Big SkyWater Boost: Does That Change the Story?
Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Corporation (NASDAQ:INTC – Free Report).
Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter.
