MBL Wealth LLC lifted its position in shares of Intel Corporation (NASDAQ:INTC – Free Report) by 106.4% in the third quarter, HoldingsChannel reports. The fund owned 27,926 shares of the chip maker’s stock after buying an additional 14,393 shares during the period. MBL Wealth LLC’s holdings in Intel were worth $3,358,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Vestor Capital LLC acquired a new stake in shares of Intel during the first quarter worth $9,441,000. World Investment Advisors increased its holdings in Intel by 11.2% in the first quarter. World Investment Advisors now owns 62,876 shares of the chip maker’s stock valued at $2,775,000 after purchasing an additional 6,326 shares during the last quarter. University of Texas Texas AM Investment Management Co. acquired a new position in Intel in the second quarter valued at about $4,995,000. Apollon Wealth Management LLC lifted its stake in Intel by 19.7% in the first quarter. Apollon Wealth Management LLC now owns 245,436 shares of the chip maker’s stock valued at $10,831,000 after buying an additional 40,331 shares during the period. Finally, Western Wealth Management LLC lifted its stake in Intel by 57.7% in the first quarter. Western Wealth Management LLC now owns 21,223 shares of the chip maker’s stock valued at $937,000 after buying an additional 7,764 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.
Intel Price Performance
INTC opened at $85.48 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.47. Intel Corporation has a 12 month low of $32.89 and a 12 month high of $142.35. The company has a fifty day simple moving average of $102.28 and a 200 day simple moving average of $102.93. The stock has a market cap of $431.16 billion, a P/E ratio of -40.51, a P/E/G ratio of 9.87 and a beta of 2.22.
Intel (NASDAQ:INTC – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The chip maker reported $0.42 EPS for the quarter, topping the consensus estimate of $0.21 by $0.21. The business had revenue of $16.13 billion for the quarter, compared to the consensus estimate of $14.43 billion. Intel had a positive return on equity of 2.62% and a negative net margin of 19.79%. The firm’s revenue was up 25.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.10) EPS. On average, research analysts expect that Intel Corporation will post 1.05 EPS for the current year.
Key Stories Impacting Intel
Here are the key news stories impacting Intel this week:
- Positive Sentiment: The FCC granted Intel a waiver allowing the company to use foreign-made robotic devices, potentially easing equipment and supply-chain constraints for its manufacturing operations. FCC grants Intel waiver for foreign-made robotic devices
- Positive Sentiment: Construction progress at Intel’s long-delayed $28 billion Ohio chip project provided evidence that the company is advancing its domestic foundry strategy, while an Arizona fab remains targeted for a 2028 start. Intel Ohio chip project construction milestone
- Positive Sentiment: Analysts expect Intel’s upcoming earnings report to show continued growth, and Nvidia’s investment in Intel was highlighted as a potential vote of confidence in the company’s strategic importance. Intel earnings expectations
Insider Transactions at Intel
In other Intel news, CEO Lip Bu Tan purchased 105,263 shares of the stock in a transaction on Tuesday, August 11th. The stock was bought at an average cost of $95.00 per share, for a total transaction of $9,999,985.00. Following the completion of the acquisition, the chief executive officer directly owned 1,314,669 shares of the company’s stock, valued at $124,893,555. The trade was a 8.70% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.05% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have issued reports on INTC. Weiss Ratings upgraded Intel from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 9th. Roth Capital upped their price target on Intel from $100.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Cantor Fitzgerald lowered their price target on Intel from $150.00 to $125.00 and set a “neutral” rating for the company in a research note on Friday, July 24th. Truist Financial increased their price target on shares of Intel from $81.00 to $108.00 and gave the company a “hold” rating in a research report on Friday, July 24th. Finally, Royal Bank Of Canada began coverage on shares of Intel in a research note on Tuesday, September 8th. They set an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twenty-seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Intel presently has a consensus rating of “Hold” and an average price target of $107.73.
Read Our Latest Analysis on INTC
About Intel
Intel Corporation (NASDAQ:INTC) is a global semiconductor company that designs and manufactures computing and connectivity products. Its portfolio includes Intel Core processors for personal computers, Xeon processors for data centers and enterprise systems, and products for networking, edge computing, graphics, and artificial intelligence workloads.
Through Intel Foundry, the company also provides semiconductor manufacturing and technology-development services for external customers. Intel develops process technologies, advanced packaging, and other manufacturing capabilities intended to support its own products and third-party chip designs.
Founded in 1968 by Robert Noyce and Gordon Moore, Intel helped establish the modern microprocessor industry and has historically supplied processors for PCs, servers, and other computing systems.
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