TD Asset Management Inc grew its stake in shares of Intel Corporation (NASDAQ:INTC – Free Report) by 20.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,356,213 shares of the chip maker’s stock after buying an additional 565,099 shares during the quarter. TD Asset Management Inc’s holdings in Intel were worth $123,844,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Intel by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 404,522,308 shares of the chip maker’s stock valued at $14,926,873,000 after buying an additional 13,692,624 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Intel by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 101,931,512 shares of the chip maker’s stock valued at $3,744,406,000 after buying an additional 3,124,798 shares during the last quarter. Capital World Investors grew its stake in shares of Intel by 32.5% during the third quarter. Capital World Investors now owns 86,503,121 shares of the chip maker’s stock valued at $2,902,180,000 after buying an additional 21,230,715 shares during the last quarter. Norges Bank bought a new position in shares of Intel during the fourth quarter valued at about $2,233,159,000. Finally, Van ECK Associates Corp grew its stake in shares of Intel by 18.3% during the third quarter. Van ECK Associates Corp now owns 55,521,741 shares of the chip maker’s stock valued at $1,862,755,000 after buying an additional 8,569,812 shares during the last quarter. 64.53% of the stock is owned by institutional investors.
Intel Stock Down 0.8%
Shares of Intel stock opened at $111.78 on Friday. The company has a current ratio of 2.31, a quick ratio of 1.85 and a debt-to-equity ratio of 0.34. The company’s fifty day simple moving average is $87.21 and its two-hundred day simple moving average is $58.52. The company has a market cap of $561.81 billion, a P/E ratio of -180.29 and a beta of 2.21. Intel Corporation has a 12-month low of $18.97 and a 12-month high of $132.75.
Trending Headlines about Intel
Here are the key news stories impacting Intel this week:
- Positive Sentiment: Intel announced a strategic collaboration with Foxconn to jointly develop next-generation AI infrastructure and intelligent computing platforms, reinforcing Intel’s role in the AI data-center buildout. Reuters: Foxconn announces strategic collaboration with Intel on next-gen AI infrastructure
- Positive Sentiment: Multiple reports highlighted Intel’s improving positioning in AI inference and stronger CPU demand, helping explain recent optimism around the stock. Motley Fool: Why Intel Stock Rallied Today
- Positive Sentiment: Intel’s CEO Lip-Bu Tan also continued to draw attention after Computex comments that analysts interpreted as supportive of Intel’s turnaround and AI strategy. Yahoo Finance: Intel (INTC) Stock Is Up, What You Need To Know
- Neutral Sentiment: Intel’s stock remains very strong year to date, but recent gains leave it vulnerable to profit-taking when the semiconductor group weakens. Zacks: Intel Surges 192.5% Year to Date
- Negative Sentiment: Broadcom’s disappointing AI-chip outlook triggered a sector-wide semiconductor selloff, pressuring Intel along with peers like AMD and Micron despite Intel’s own news flow. Yahoo Finance: Intel, AMD, Micron shares sink as Broadcom results spark semiconductor sector sell-off
- Negative Sentiment: Coverage notes that AMD continued to gain CPU market share in the May Steam Hardware Survey, underscoring ongoing competitive pressure in Intel’s core PC processor business. TipRanks: AMD Continues to Gain on Intel & Nvidia
Analysts Set New Price Targets
A number of research firms recently commented on INTC. Wall Street Zen lowered shares of Intel from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Robert W. Baird upped their price target on shares of Intel from $50.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Wells Fargo & Company upped their price target on shares of Intel from $85.00 to $110.00 and gave the company an “equal weight” rating in a report on Monday. KeyCorp upped their price target on shares of Intel from $70.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Finally, Royal Bank Of Canada reiterated a “neutral” rating and set a $80.00 price target on shares of Intel in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twenty-six have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Intel currently has an average rating of “Hold” and an average price target of $83.35.
Get Our Latest Stock Analysis on Intel
Insider Transactions at Intel
In other Intel news, EVP Boise April Miller sold 40,256 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $99.53, for a total transaction of $4,006,679.68. Following the transaction, the executive vice president directly owned 105,077 shares of the company’s stock, valued at approximately $10,458,313.81. The trade was a 27.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.05% of the company’s stock.
Intel Company 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.
Further Reading
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