12,622 Intel Corporation $INTC Shares Sold by Brookstone Capital Management

Key Points

• Brookstone Capital Management reduced its Intel stake by 14.3%, selling 12,622 shares during the third quarter and retaining 75,837 shares valued at approximately $9.12 million.
• Institutional investors and hedge funds own 64.53% of Intel, while several major firms—including State Street, Amundi and Bank of America—recently increased their positions.
• Intel beat quarterly earnings and revenue expectations, but analyst sentiment remains mixed: the stock carries a consensus “Hold” rating with an average price target of $107.73. CEO Lip-Bu Tan separately purchased nearly $10 million of Intel shares.

Brookstone Capital Management decreased its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 14.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 75,837 shares of the chip maker's stock after selling 12,622 shares during the quarter. Brookstone Capital Management's holdings in Intel were worth $9,118,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. State Street Corp raised its stake in shares of Intel by 1.2% in the second quarter. State Street Corp now owns 216,849,675 shares of the chip maker's stock worth $30,278,720,000 after acquiring an additional 2,528,657 shares during the last quarter. Primecap Management Co. CA acquired a new stake in shares of Intel in the second quarter valued at approximately $10,507,291,000. Amundi increased its holdings in shares of Intel by 14.9% in the first quarter. Amundi now owns 38,969,192 shares of the chip maker's stock valued at $1,719,710,000 after purchasing an additional 5,045,936 shares in the last quarter. Bank of America Corp DE raised its position in Intel by 35.7% in the 2nd 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 last quarter. Finally, Bank of New York Mellon Corp raised its position in Intel by 0.4% in the 1st quarter. Bank of New York Mellon Corp now owns 30,700,929 shares of the chip maker's stock worth $1,354,832,000 after purchasing an additional 112,054 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Trading Up 1.7%

Shares of NASDAQ INTC opened at $86.96 on Friday. Intel Corporation has a twelve month low of $32.89 and a twelve month high of $142.35. The stock has a market cap of $438.63 billion, a price-to-earnings ratio of 137.89, a P/E/G ratio of 9.08 and a beta of 2.22. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.47. The company's fifty day moving average is $101.97 and its 200-day moving average is $102.82.

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

Wall Street Analyst Weigh In

Several research firms have recently commented on INTC. HSBC reissued a "buy" rating on shares of Intel in a research note on Friday, July 24th. JPMorgan Chase & Co. upgraded Intel from an "underweight" rating to a "neutral" rating and set a $85.00 price target on the stock in a report on Monday, October 19th. Sanford C. Bernstein upgraded Intel from a "hold" rating to an "outperform" rating in a report on Monday. Wedbush lifted their price objective on Intel from $60.00 to $98.00 and gave the stock a "neutral" rating in a research report on Friday, July 24th. Finally, Tigress Financial boosted their price objective on Intel from $118.00 to $145.00 and gave the stock a "buy" rating in a report on Tuesday, September 15th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, twenty-seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $107.73.

More Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: The FCC granted Intel a waiver allowing the company to continue using foreign-made robotic devices, easing a potential regulatory and manufacturing constraint. FCC grants Intel waiver for foreign-made robotic devices
• Positive Sentiment: Wedbush identified a potential boost from Intel’s Arizona chip plant, while continued construction progress at the company’s Ohio project reinforced the turnaround narrative and long-term domestic-foundry strategy. Intel Stock Rises as Wedbush Spots a Potential Boost From Arizona Chip Plant
• Positive Sentiment: Investors are positioning for the October 29 quarterly report. Analysts and bullish commentators point to strong server-CPU demand, recent price increases and Intel’s history of exceeding its own forecasts as possible sources of an earnings or guidance beat. Options markets imply a potentially sizable post-earnings move. Prediction: Intel Stock Will Take Off After Oct. 29
• Positive Sentiment: Erste Group raised its fiscal 2027 EPS forecast for Intel to $1.59 from $1.56, above the broader consensus estimate of $1.05, signaling improving expectations for the company’s earnings recovery.
• Neutral Sentiment: The move also reflected a rebound in selected technology shares despite broader market pressure from higher oil prices and concerns about inflation, interest rates and the cost of AI infrastructure. Why are AMD, Intel stocks gaining today?
• Negative Sentiment: Risks remain ahead of earnings: Intel’s third-quarter outlook called for adjusted EPS of $0.38, below the prior quarter’s $0.42, while analysts continue to question whether its foundry operations can achieve competitive yields and scale. Nvidia’s expansion into CPU markets also presents a longer-term competitive threat. The Foundry Disconnect: Intel Nails the Transistor, But TSMC Holds the Keys to Yield and Scale

Insider Activity at Intel

In other Intel news, CEO Lip Bu Tan purchased 105,263 shares of the company's stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 1,314,669 shares in the company, valued at $124,893,555. This trade represents a 8.70% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.05% of the stock is currently owned by corporate insiders.

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.

Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Corporation (NASDAQ:INTC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.