29,950 Intel Corporation $INTC Shares Acquired by BOCHK Asset Management Ltd

Key Points

• BOCHK Asset Management increased its Intel position by 31.5%, buying 29,950 additional shares to hold 125,000 shares worth approximately $15.0 million. Institutional investors and hedge funds collectively own 64.53% of Intel.
• Intel exceeded quarterly earnings expectations with adjusted EPS of $0.52 versus a $0.41 consensus, while revenue rose 20.9% year over year to $16.51 billion. CEO Lip-Bu Tan also purchased roughly $10 million of Intel stock.
• Analysts remain cautious: Intel has an average “Hold” rating and a consensus price target of $97.42, despite several Buy or Outperform recommendations and optimism around AI-related server demand and the company’s foundry turnaround.

BOCHK Asset Management Ltd increased its position in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 31.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 125,000 shares of the chip maker's stock after acquiring an additional 29,950 shares during the quarter. Intel makes up approximately 2.1% of BOCHK Asset Management Ltd's holdings, making the stock its 11th biggest holding. BOCHK Asset Management Ltd's holdings in Intel were worth $15,029,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of INTC. ABS Investment Management LLC acquired a new position in Intel in the 2nd quarter valued at $694,101,000. Montgomery Financial Services LLC acquired a new stake in shares of Intel during the second quarter worth $26,000. Knuff & Co LLC acquired a new stake in shares of Intel during the second quarter worth $29,000. Glynn Capital Management LLC acquired a new stake in shares of Intel during the second quarter worth $29,000. Finally, Next Level Wealth Planning LLC purchased a new stake in shares of Intel in the third quarter valued at $28,000. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Stock Down 8.8%

Shares of NASDAQ INTC opened at $59.97 on Tuesday. The stock has a market capitalization of $302.49 billion, a PE ratio of -24.88, a P/E/G ratio of 10.14 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 firm has a fifty day moving average of $100.50 and a 200-day moving average of $86.43. Intel Corporation has a 52-week low of $32.89 and a 52-week high of $142.35.

Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results on Thursday, October 29th. The chip maker reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.11. Intel had a positive return on equity of 2.62% and a negative net margin of 19.79%. The business had revenue of $16.51 billion for the quarter, compared to analyst estimates of $16.56 billion. During the same period last year, the company posted $0.23 EPS. The business's quarterly revenue was up 20.9% on a year-over-year basis. On average, analysts anticipate that Intel Corporation will post 1.07 EPS for the current year.

Insider Buying and Selling

In other news, CEO Lip Bu Tan purchased 105,263 shares of the company's stock in a transaction on Tuesday, August 11th. The stock was bought at an average cost of $95.00 per share, for a total transaction of $9,999,985.00. Following the completion of the purchase, the chief executive officer directly owned 1,314,669 shares of the company's stock, valued at $124,893,555. The trade was a 8.70% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.05% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on INTC shares. Morgan Stanley set a $85.00 target price on Intel in a research note on Monday, October 19th. Wedbush reissued a "neutral" rating and issued a $98.00 price target on shares of Intel in a research note on Tuesday, October 27th. Sanford C. Bernstein raised Intel from a "hold" rating to an "outperform" rating in a research note on Monday, October 19th. Stifel Nicolaus set a $90.00 price target on Intel in a report on Friday. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $100.00 price objective on shares of Intel in a research note on Sunday, October 25th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, twenty-eight have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $97.42.

Trending Headlines about Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel reported third-quarter revenue of approximately $16.5 billion, up 21% year over year, and earnings that exceeded analyst expectations. Data-center and AI-driven server demand remains a key growth opportunity, with Intel projecting substantial expansion in the server CPU market. INTC Q3 Earnings Call Highlights AI Demand and PC Weakness
• Positive Sentiment: Intel’s 18A manufacturing process has begun shipping in real products, while investments from the U.S. government, Nvidia and SoftBank provide financial and strategic support for the company’s foundry turnaround. Prediction: This Will Be Intel's Stock Price by Year-End 2027
• Positive Sentiment: Some analysts argue that the recent selloff has pushed Intel into technically oversold territory and created a potentially attractive long-term entry point, particularly if server growth and foundry execution improve. Why Intel Looks Ripe for a Turnaround

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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