Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Intel Corporation (NASDAQ:INTC – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,409 shares of the chip maker’s stock, valued at approximately $495,000.
Other hedge funds have also made changes to their positions in the company. Legacy Bridge LLC acquired a new stake in shares of Intel during the fourth quarter worth approximately $26,000. Raleigh Capital Management Inc. acquired a new stake in shares of Intel during the fourth quarter worth approximately $29,000. HighMark Wealth Management LLC boosted its holdings in Intel by 177.7% in the fourth quarter. HighMark Wealth Management LLC now owns 886 shares of the chip maker’s stock worth $33,000 after purchasing an additional 567 shares during the period. Provenance Wealth Advisors LLC boosted its holdings in Intel by 89.2% in the third quarter. Provenance Wealth Advisors LLC now owns 946 shares of the chip maker’s stock worth $32,000 after purchasing an additional 446 shares during the period. Finally, Winch Advisory Services LLC boosted its holdings in Intel by 28.3% in the fourth quarter. Winch Advisory Services LLC now owns 966 shares of the chip maker’s stock worth $36,000 after purchasing an additional 213 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.
Intel Stock Performance
INTC stock opened at $119.84 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.85 and a current ratio of 2.31. The stock has a market capitalization of $602.32 billion, a price-to-earnings ratio of -193.29 and a beta of 2.18. Intel Corporation has a 1 year low of $18.97 and a 1 year high of $132.75. The stock’s fifty day moving average is $74.44 and its two-hundred day moving average is $53.45.
Analyst Ratings Changes
A number of equities analysts have commented on the stock. Scotiabank assumed coverage on shares of Intel in a report on Tuesday, April 21st. They issued a “sector perform” rating for the company. Evercore set a $95.00 price objective on shares of Intel in a report on Friday, April 24th. Sanford C. Bernstein reaffirmed a “neutral” rating on shares of Intel in a report on Friday, April 24th. JPMorgan Chase & Co. lifted their price objective on shares of Intel from $35.00 to $45.00 and gave the stock an “underweight” rating in a report on Friday, April 24th. Finally, Daiwa Securities Group lifted their price objective on shares of Intel from $41.00 to $50.00 in a report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-five have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $81.52.
View Our Latest Stock Analysis on Intel
Insider Transactions at Intel
In other Intel news, EVP Boise April Miller sold 40,256 shares of the firm’s stock in a transaction 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 directly owned 105,077 shares in the company, valued at approximately $10,458,313.81. This trade represents a 27.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.05% of the company’s stock.
Intel News Summary
Here are the key news stories impacting Intel this week:
- Positive Sentiment: Intel introduced its Core Ultra Series 3 processors for edge AI and robotics, a product update that highlights progress in its AI hardware roadmap and could help it compete for next-generation embedded and industrial workloads. Intel (INTC) Introduces Core Ultra Series 3 Processors for Edge AI Robotics
- Positive Sentiment: Reports said Intel may be pursuing AI startup Tenstorrent, suggesting the company is still willing to make bold moves to strengthen its AI strategy and expand its technology portfolio. Intel Joins Race To Buy AI Startup Tenstorrent: Report
- Positive Sentiment: Coverage comparing Nvidia, AMD and Intel keeps INTC in the center of the AI-chip trade, and investor attention remains elevated as traders look for the next beneficiary of the broader AI buildout. Nvidia vs. AMD vs. Intel: Which is the best chip stock to own?
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.
Featured Stories
- Five stocks we like better than Intel
- Workday Validates AI Flywheel: Stock Price Recovery Begins
- HubSpot at 2019 Levels Is an Opportunity—Not a Warning
- Was Decker’s Double Beat a Bullish Signal—Or Mere HOKA’s-Pocus?
- Kiniksa Pharmaceuticals Still Has Room to Run After 100% Rally
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.
