13,772 Intel Corporation $INTC Shares Purchased by Fulcrum Asset Management LLP

Key Points

• Fulcrum Asset Management increased its Intel stake by 48.8% in the third quarter, buying 13,772 shares and ending the period with 42,022 shares valued at about $4.9 million.
• Intel’s latest quarter beat earnings-per-share estimates ($0.52 versus $0.41) and revenue rose 20.9% year over year, though revenue slightly missed consensus.
• Analysts’ consensus rating is Hold, with an average price target of $97.42; CEO Lip-Bu Tan also bought 150,000 shares for about $9.7 million.

Fulcrum Asset Management LLP raised its holdings in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 48.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,022 shares of the chip maker's stock after purchasing an additional 13,772 shares during the quarter. Fulcrum Asset Management LLP's holdings in Intel were worth $4,872,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of INTC. ABS Investment Management LLC bought a new position in shares of Intel during the second quarter worth about $694,101,000. Montgomery Financial Services LLC bought a new stake in Intel in the second quarter valued at about $26,000. Knuff & Co LLC acquired a new stake in Intel during the second quarter valued at approximately $29,000. Glynn Capital Management LLC acquired a new stake in Intel during the second quarter valued at approximately $29,000. Finally, Pathway Financial Advisers LLC acquired a new stake in Intel during the third quarter valued at approximately $25,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

More 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?

Analyst Ratings Changes

Several research analysts have recently commented on INTC shares. Morgan Stanley set a $85.00 target price on Intel in a research report on Monday, October 19th. Evercore reiterated an "outperform" rating and issued a $133.00 price target on shares of Intel in a report on Friday, October 30th. KeyCorp dropped their price target on Intel from $155.00 to $140.00 and set an "overweight" rating on the stock in a research report on Friday, October 30th. National Bank Financial set a $85.00 price objective on Intel in a research note on Monday, October 19th. Finally, Daiwa Securities Group cut Intel from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 4th. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, twenty-eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Intel presently has an average rating of "Hold" and a consensus target price of $97.42.

Intel Price Performance

Shares of NASDAQ INTC opened at $59.37 on Tuesday. Intel Corporation has a fifty-two week low of $32.89 and a fifty-two week high of $142.35. The firm's 50-day simple moving average is $97.35 and its 200 day simple moving average is $86.63. 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 stock has a market cap of $315.55 billion, a P/E ratio of -24.63, a P/E/G ratio of 6.23 and a beta of 2.42.

Intel (NASDAQ:INTC - Get Free Report) last released its earnings results on Thursday, October 29th. The chip maker reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.11. Intel had a positive return on equity of 4.70% and a negative net margin of 20.09%. The firm had revenue of $16.51 billion during the quarter, compared to the consensus estimate of $16.56 billion. During the same period in the prior year, the firm posted $0.23 earnings per share. The firm's revenue for the quarter was up 20.9% compared to the same quarter last year. Equities analysts expect that Intel Corporation will post 1.04 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Lip Tan bought 150,000 shares of the firm's stock in a transaction that occurred on Monday, November 2nd. The stock was acquired at an average price of $64.73 per share, with a total value of $9,709,500.00. Following the completion of the purchase, the chief executive officer directly owned 1,464,669 shares of the company's stock, valued at $94,808,024.37. This represents a 11.41% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.05% of the stock is owned by corporate insiders.

About Intel

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.