133,959 Intel Corporation $INTC Shares Purchased by Retirement Systems of Alabama

Key Points

• Retirement Systems of Alabama increased its Intel stake by 10.6%, buying 133,959 shares and ending the quarter with 1,400,535 shares valued at about $168.4 million.
• Analyst views remain mixed: Intel has a consensus “Hold” rating and an average price target of $97.42, with targets ranging widely.
• Intel beat quarterly EPS estimates ($0.52 versus $0.41) but narrowly missed revenue forecasts. CEO Lip-Bu Tan also bought 150,000 shares for about $9.7 million.

Retirement Systems of Alabama lifted its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 10.6% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,400,535 shares of the chip maker's stock after acquiring an additional 133,959 shares during the quarter. Retirement Systems of Alabama's holdings in Intel were worth $168,386,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Southern Financial Group LLC grew its position in Intel by 0.6% during the 1st quarter. Southern Financial Group LLC now owns 14,313 shares of the chip maker's stock worth $632,000 after acquiring an additional 90 shares during the last quarter. Harrell Investment Partners LLC increased its stake in Intel by 0.4% in 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. lifted its position in Intel by 0.4% in the second quarter. TFR Capital LLC. now owns 26,643 shares of the chip maker's stock valued at $3,720,000 after purchasing an additional 100 shares during the last quarter. Walker Asset Management LLC lifted its position in Intel by 1.9% in the third quarter. Walker Asset Management LLC now owns 5,433 shares of the chip maker's stock valued at $653,000 after purchasing an additional 100 shares during the last quarter. Finally, Wynn Capital LLC lifted its position in Intel by 0.4% in the second quarter. Wynn Capital LLC now owns 27,162 shares of the chip maker's stock valued at $3,793,000 after purchasing an additional 104 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

INTC has been the subject of a number of analyst reports. Robert W. Baird set a $83.00 price objective on Intel in a research note on Friday, October 30th. Morgan Stanley set a $85.00 target price on shares of Intel in a research note on Monday, October 19th. Tigress Financial upped their price target on shares of Intel from $118.00 to $145.00 and gave the company a "buy" rating in a report on Tuesday, September 15th. Barclays raised shares of Intel from a "hold" rating to an "overweight" rating in a research report on Wednesday, September 16th. Finally, Wells Fargo & Company dropped their price target on shares of Intel from $120.00 to $80.00 and set an "equal weight" rating for the company in a research report on Friday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, twenty-eight have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $97.42.

Intel Stock Performance

NASDAQ:INTC opened at $59.37 on Tuesday. The company has a quick ratio of 1.86, a current ratio of 2.31 and a debt-to-equity ratio of 0.47. The firm's fifty day simple moving average is $97.35 and its 200 day simple moving average is $86.63. The stock has a market cap of $315.55 billion, a P/E ratio of -24.63, a price-to-earnings-growth ratio of 6.23 and a beta of 2.42. Intel Corporation has a twelve month low of $32.89 and a twelve month high of $142.35.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The chip maker reported $0.52 EPS for the quarter, topping the consensus estimate of $0.41 by $0.11. Intel had a negative net margin of 20.09% and a positive return on equity of 4.70%. The business had revenue of $16.51 billion during the quarter, compared to analyst estimates of $16.56 billion. During the same period in the prior year, the business earned $0.23 EPS. The company's revenue for the quarter was up 20.9% on a year-over-year basis. As a group, research analysts predict that Intel Corporation will post 1.04 EPS for the current year.

Key Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel is collaborating with ZKH’s LingLong Intelligence on an industrial AI model that combines Intel edge processors with industrial data for use in factories and warehouses. The partnership could help Intel grow beyond traditional data-center markets, though the reports provide no near-term revenue estimates. Why Is Intel Pushing Deeper Into Industrial AI With New Edge Tools?
• Neutral Sentiment: Chip shares broadly recovered after a recent selloff, while Nvidia faced reports of a board investigation involving its CEO. That helped keep attention on alternatives such as Intel, but the coverage described Intel as holding steady amid the rival’s decline. NVIDIA Falls as Board Probes CEO; Intel Holds Steady
• Negative Sentiment: Democratic election wins in states with major data-center projects raised investor concerns about tougher AI regulation and constraints on the buildout. That uncertainty has weighed on AI-linked and semiconductor stocks, including Intel. Election Results and the AI Data Center Trade
• Negative Sentiment: Analysts also point to Intel’s weak fourth-quarter earnings outlook and China-related headwinds. Intel’s projected forward earnings multiple is higher than Nvidia’s in one comparison, raising questions about valuation given its ongoing turnaround and money-losing foundry business. Intel Stock Down 57% in the Past 6 Months: Should You Exercise Caution?

Insider Buying and Selling

In related news, CEO Lip Tan acquired 150,000 shares of the stock in a transaction on Monday, November 2nd. The stock was acquired at an average cost of $64.73 per share, for a total transaction of $9,709,500.00. Following the completion of the acquisition, the chief executive officer directly owned 1,464,669 shares of the company's stock, valued at approximately $94,808,024.37. This represents a 11.41% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.05% of the stock is owned by company insiders.

About Intel

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