DMC Group LLC trimmed its holdings in shares of Intel Corporation (NASDAQ:INTC – Free Report) by 24.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 20,373 shares of the chip maker’s stock after selling 6,549 shares during the quarter. Intel accounts for about 1.7% of DMC Group LLC’s portfolio, making the stock its 11th largest holding. DMC Group LLC’s holdings in Intel were worth $2,449,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Primecap Management Co. CA bought a new stake in shares of Intel during the 2nd quarter worth $10,507,291,000. Legal & General Group Plc acquired a new position in shares of Intel in the 2nd quarter worth $4,096,110,000. Assenagon Asset Management S.A. grew its holdings in shares of Intel by 87.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 30,214,769 shares of the chip maker’s stock worth $3,632,722,000 after acquiring an additional 14,063,302 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Intel during the second quarter worth $1,848,438,000. Finally, Bank of America Corp DE raised its position in shares of Intel by 35.7% during the second quarter. Bank of America Corp DE now owns 31,724,362 shares of the chip maker’s stock worth $4,429,673,000 after purchasing an additional 8,342,514 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.
Intel News Summary
Here are the key news stories impacting Intel this week:
- Positive Sentiment: Intel agreed to acquire Israeli quantum-software company Classiq for approximately $2.3 billion, aiming to build a full-stack quantum-computing platform. The deal strengthens Intel’s longer-term positioning in a new growth market, although it also adds execution and investment risk. Intel to buy quantum firm Classiq
- Positive Sentiment: New Street Research upgraded Intel to Buy with a reported $125 target, citing a shortage of server CPUs and improving demand. Wedbush maintained Neutral but raised its target to $98, describing the setup ahead of earnings as balanced with server performance the key issue.
- Positive Sentiment: Several earnings previews point to stronger data-center revenue, AI infrastructure demand, Xeon processor sales, and possible pricing benefits from constrained server-CPU supply. Investors are looking for evidence that server strength can offset weaker PC demand and support margins. Intel Q3 earnings preview
- Positive Sentiment: Intel’s Crescent Island GPU D-series and Xeon-based rack designs target memory-intensive agentic-AI inference, offering a potential avenue for growth beyond traditional CPUs. The company is also benefiting from broader semiconductor-sector momentum and optimism surrounding its turnaround.
- Neutral Sentiment: Intel, along with IBM, Oracle and IonQ, objected to having its shares listed in tokenized form on the proposed OKX-ICE exchange. The move has limited direct financial impact but signals that major issuers want greater control over how their shares are traded. Companies object to tokenized stocks
- Negative Sentiment: Rosenblatt reaffirmed its Sell rating and assigned an $80 price target, well below prevailing levels. The bearish view underscores concerns about Intel’s valuation, profitability, and the difficulty of executing its costly foundry turnaround.
- Negative Sentiment: Nvidia’s emerging Vera CPU business is already shipping to hyperscalers, creating a new competitive threat to Intel in data-center processors. Investors also face elevated volatility, with options markets implying a large move around Thursday’s earnings report.
Intel Price Performance
NASDAQ:INTC opened at $93.74 on Wednesday. Intel Corporation has a 1-year low of $32.89 and a 1-year high of $142.35. The business’s fifty day moving average price is $101.67 and its 200 day moving average price is $85.75.
Analyst Upgrades and Downgrades
INTC has been the subject of several analyst reports. Sanford C. Bernstein raised Intel from a “hold” rating to an “outperform” rating in a report on Monday, October 19th. Citigroup began coverage on Intel in a research note on Monday, October 19th. They issued an “outperform” rating on the stock. Northland Securities upgraded Intel from a “market perform” rating to an “outperform” rating and set a $120.00 price objective on the stock in a report on Tuesday, September 8th. HSBC reaffirmed a “buy” rating on shares of Intel in a research note on Friday, July 24th. Finally, Cantor Fitzgerald decreased their target price on shares of Intel from $150.00 to $125.00 and set a “neutral” rating for the company in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, twenty-seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Intel currently has an average rating of “Hold” and a consensus price target of $108.23.
Get Our Latest Analysis on Intel
Insiders Place Their Bets
In other Intel news, CEO Lip Bu Tan bought 105,263 shares of the stock in a transaction on Tuesday, August 11th. The shares were bought at an average price of $95.00 per share, with a total value of $9,999,985.00. Following the purchase, the chief executive officer directly owned 1,314,669 shares in the company, valued at $124,893,555. The trade was a 8.70% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.05% of the stock is currently owned by company insiders.
Intel Profile
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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