Insight Holdings Group LLC increased its holdings in Intel Corporation (NASDAQ:INTC – Free Report) by 19.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 125,205 shares of the chip maker’s stock after purchasing an additional 20,660 shares during the period. Intel makes up 0.4% of Insight Holdings Group LLC’s portfolio, making the stock its 21st biggest position. Insight Holdings Group LLC’s holdings in Intel were worth $5,525,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in INTC. Financially Speaking Inc grew its stake in shares of Intel by 69.2% in the 4th quarter. Financially Speaking Inc now owns 682 shares of the chip maker’s stock valued at $25,000 after purchasing an additional 279 shares during the period. Financial Life Planners bought a new position in shares of Intel during the 1st quarter worth approximately $25,000. Legacy Bridge LLC bought a new position in shares of Intel during the 4th quarter worth approximately $26,000. Raleigh Capital Management Inc. acquired a new stake in Intel in the 4th quarter valued at $29,000. Finally, Swiss RE Ltd. acquired a new stake in Intel in the 4th quarter valued at $29,000. Institutional investors own 64.53% of the company’s stock.
Intel Price Performance
Intel stock opened at $92.32 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 firm has a market cap of $464.00 billion, a P/E ratio of -43.75 and a beta of 2.18. The business’s fifty day moving average is $115.84 and its two-hundred day moving average is $78.07. Intel Corporation has a 52 week low of $18.97 and a 52 week high of $142.35.
Analyst Ratings Changes
Several research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $100.00 price objective on shares of Intel in a research note on Tuesday, May 12th. DA Davidson set a $100.00 target price on shares of Intel in a research note on Friday. Rosenblatt Securities upped their target price on shares of Intel from $65.00 to $80.00 and gave the stock a “sell” rating in a report on Friday. Wolfe Research initiated coverage on shares of Intel in a research report on Thursday, June 11th. They set a “peer perform” rating for the company. Finally, Citigroup raised shares of Intel from a “positive” rating to a “buy” rating in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twenty-nine have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $107.67.
Check Out Our Latest Report on Intel
Intel News Summary
Here are the key news stories impacting Intel this week:
- Positive Sentiment: Intel beat Q2 expectations with EPS of $0.42 versus $0.21 expected and revenue of $16.13 billion versus $14.43 billion, marking its fastest revenue growth in more than 15 years. Reuters article
- Positive Sentiment: Intel’s Q3 guidance topped estimates, signaling management sees continued momentum from AI-related server-chip demand and improving foundry execution. CNBC article
- Positive Sentiment: Analysts and media coverage highlighted stronger data-center and AI demand, along with early progress in Intel’s foundry business and 18A manufacturing roadmap. MarketWatch/Fool article
Insiders Place Their Bets
In other Intel news, EVP Boise April Miller sold 40,256 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $99.53, for a total value of $4,006,679.68. Following the completion of the sale, the executive vice president owned 105,077 shares in the company, valued at approximately $10,458,313.81. This trade represents a 27.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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.
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