10,270 Intel Corporation $INTC Shares Acquired by Indiana Trust & Investment Management Co

Key Points

• Indiana Trust & Investment Management increased its Intel stake by 23%, acquiring 10,270 shares to hold 54,892 shares valued at approximately $6.6 million. Institutional investors collectively own 64.53% of Intel.
• CEO Lip-Bu Tan purchased 105,263 Intel shares for roughly $10 million, increasing his holdings by 8.7%, while the company also reported quarterly revenue growth of 25.2% and an earnings beat.
• Analyst sentiment remains mixed: UBS upgraded Intel to “buy,” but the broader consensus is “hold”, with an average price target of $107.73. Recent positive developments include progress on Intel’s Ohio chip project and an FCC waiver for foreign-made manufacturing robots.

Indiana Trust & Investment Management Co lifted its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 23.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,892 shares of the chip maker's stock after acquiring an additional 10,270 shares during the quarter. Intel accounts for 1.8% of Indiana Trust & Investment Management Co's holdings, making the stock its 11th biggest position. Indiana Trust & Investment Management Co's holdings in Intel were worth $6,600,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Southern Financial Group LLC boosted its holdings in Intel by 0.6% in the first quarter. Southern Financial Group LLC now owns 14,313 shares of the chip maker's stock valued at $632,000 after purchasing an additional 90 shares during the last quarter. Harrell Investment Partners LLC grew its position in Intel by 0.4% during the 2nd quarter. Harrell Investment Partners LLC now owns 23,277 shares of the chip maker's stock worth $3,250,000 after purchasing an additional 100 shares during the period. TFR Capital LLC. grew its position in Intel by 0.4% during the 2nd quarter. TFR Capital LLC. now owns 26,643 shares of the chip maker's stock worth $3,720,000 after purchasing an additional 100 shares during the period. Walker Asset Management LLC raised its stake in shares of Intel by 1.9% during the 3rd quarter. Walker Asset Management LLC now owns 5,433 shares of the chip maker's stock valued at $653,000 after buying an additional 100 shares during the last quarter. Finally, Wynn Capital LLC raised its stake in shares of Intel by 0.4% during the 2nd quarter. Wynn Capital LLC now owns 27,162 shares of the chip maker's stock valued at $3,793,000 after buying an additional 104 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company's stock.

Key Headlines 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

Insiders Place Their Bets

In related news, CEO Lip Bu Tan purchased 105,263 shares of the firm's stock in a transaction that occurred on Tuesday, August 11th. The shares were purchased at an average cost of $95.00 per share, with a total value of $9,999,985.00. Following the purchase, the chief executive officer owned 1,314,669 shares of the company's stock, valued at $124,893,555. This represents a 8.70% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.05% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. UBS Group raised Intel from a "hold" rating to a "buy" rating in a report on Tuesday, September 8th. Robert W. Baird upped their target price on Intel from $75.00 to $125.00 and gave the stock a "neutral" rating in a research note on Friday, July 24th. The Goldman Sachs Group started coverage on Intel in a report on Monday. They set a "neutral" rating on the stock. DA Davidson lifted their price target on Intel from $77.00 to $100.00 and gave the company a "neutral" rating in a research report on Friday, July 24th. Finally, Truist Financial raised their price objective on shares of Intel from $81.00 to $108.00 and gave the stock a "hold" rating in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twenty-seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Intel presently has a consensus rating of "Hold" and an average target price of $107.73.

Intel Stock Performance

NASDAQ:INTC opened at $85.48 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.25 and a current ratio of 1.60. The company has a fifty day moving average of $102.28 and a two-hundred day moving average of $102.93. The stock has a market capitalization of $431.16 billion, a PE ratio of -40.51, a P/E/G ratio of 9.87 and a beta of 2.22. Intel Corporation has a fifty-two week low of $32.89 and a fifty-two week high of $142.35.

Intel (NASDAQ:INTC - Get Free Report) last released its earnings results on Thursday, July 23rd. The chip maker reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.21. Intel had a negative net margin of 19.79% and a positive return on equity of 2.62%. The business had revenue of $16.13 billion during the quarter, compared to analysts' expectations of $14.43 billion. During the same quarter in the previous year, the company earned ($0.10) earnings per share. The company's quarterly revenue was up 25.2% on a year-over-year basis. As a group, research analysts forecast that Intel Corporation will post 1.05 earnings per share for the current fiscal year.

Intel Company 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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