Kovack Advisors Inc. grew its position in shares of Intel Corporation (NASDAQ:INTC – Free Report) by 238.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 217,675 shares of the chip maker’s stock after buying an additional 153,375 shares during the period. Kovack Advisors Inc.’s holdings in Intel were worth $8,032,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the business. Norges Bank bought a new position in Intel during the fourth quarter worth about $2,233,159,000. Capital World Investors increased its position in Intel by 32.5% during the third quarter. Capital World Investors now owns 86,503,121 shares of the chip maker’s stock worth $2,902,180,000 after acquiring an additional 21,230,715 shares during the period. Capital Research Global Investors increased its position in Intel by 285.9% during the fourth quarter. Capital Research Global Investors now owns 26,619,928 shares of the chip maker’s stock worth $982,279,000 after acquiring an additional 19,722,010 shares during the period. Vanguard Group Inc. increased its position in Intel by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 404,522,308 shares of the chip maker’s stock worth $14,926,873,000 after acquiring an additional 13,692,624 shares during the period. Finally, AQR Capital Management LLC increased its position in Intel by 61.3% during the third quarter. AQR Capital Management LLC now owns 25,001,621 shares of the chip maker’s stock worth $838,804,000 after acquiring an additional 9,503,402 shares during the period. Institutional investors own 64.53% of the company’s stock.
Intel Stock Up 9.3%
Intel stock opened at $116.96 on Friday. The firm has a market capitalization of $587.84 billion, a price-to-earnings ratio of -188.64 and a beta of 2.21. The firm’s fifty day moving average price is $93.64 and its two-hundred day moving average price is $61.12. Intel Corporation has a 1-year low of $18.97 and a 1-year high of $132.75. The company has a current ratio of 2.31, a quick ratio of 1.85 and a debt-to-equity ratio of 0.34.
Wall Street Analyst Weigh In
A number of research firms recently commented on INTC. Evercore set a $95.00 price target on shares of Intel in a research report on Friday, April 24th. Cantor Fitzgerald raised their price target on shares of Intel from $65.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Melius Research set a $150.00 target price on shares of Intel in a report on Monday, May 18th. Oppenheimer began coverage on shares of Intel in a report on Thursday. They issued an “outperform” rating on the stock. Finally, Northland Securities lowered shares of Intel from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, twenty-seven have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Intel presently has an average rating of “Hold” and a consensus price target of $87.31.
Get Our Latest Analysis on INTC
Insiders Place Their Bets
In related news, EVP Boise April Miller sold 40,256 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president owned 105,077 shares in the company, valued at approximately $10,458,313.81. This represents a 27.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.05% of the company’s stock.
More Intel News
Here are the key news stories impacting Intel this week:
- Positive Sentiment: Bank of America’s double upgrade and higher target are the main catalyst, reinforcing the view that Intel’s CPU and foundry businesses could drive meaningful longer-term growth. Intel rallies as BofA double-upgrades stock on increased CPU, foundry visibility
- Positive Sentiment: Analysts also lifted earnings estimates, suggesting the market is becoming more optimistic about Intel’s profitability outlook over the next couple of years.
- Positive Sentiment: Broader semiconductor stocks are rebounding as investors return to beaten-down AI and chip names, adding support to Intel’s advance.
- Neutral Sentiment: Intel’s recent rally has been amplified by growing enthusiasm around its foundry turnaround and possible AI-related opportunities, but these remain longer-term execution stories rather than near-term fundamentals.
- Negative Sentiment: One item investors may watch closely is an insider sale reported today, which can sometimes temper sentiment even when the stock is rallying.
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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