Ashton Thomas Private Wealth LLC Buys 20,202 Shares of Intel Corporation $INTC

Key Points

• Ashton Thomas Private Wealth increased its Intel stake by 98.3% in the third quarter, adding 20,202 shares to hold 40,759 shares valued at about $4.9 million.
• Intel CEO Lip-Bu Tan purchased 150,000 shares for approximately $9.7 million, increasing his direct ownership by 11.4%.
• Intel beat quarterly EPS estimates ($0.52 versus $0.41), while revenue rose 20.9% year over year but slightly missed expectations. Analysts’ consensus rating was Hold, with an average price target of $97.42.

Ashton Thomas Private Wealth LLC raised its stake in Intel Corporation (NASDAQ:INTC - Free Report) by 98.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,759 shares of the chip maker's stock after acquiring an additional 20,202 shares during the period. Ashton Thomas Private Wealth LLC's holdings in Intel were worth $4,900,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp lifted its holdings in 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 purchasing an additional 2,528,657 shares during the period. Primecap Management Co. CA acquired a new position in Intel during the 2nd quarter valued at about $10,507,291,000. Amundi lifted its stake in shares of Intel by 14.9% in the 1st quarter. Amundi now owns 38,969,192 shares of the chip maker's stock worth $1,719,710,000 after acquiring an additional 5,045,936 shares during the period. Bank of America Corp DE raised its holdings in Intel by 35.7% during the second 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 in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Intel by 0.4% in the first 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 period. 64.53% of the stock is owned by institutional investors.

More Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel joined a broad recovery in semiconductor stocks as investors bought shares after Thursday’s steep AI-related selloff. The rebound lifted the Nasdaq, though worries about interest rates and AI spending persisted. Market and chip-stock rebound
• Positive Sentiment: CEO Lip-Bu Tan bought 150,000 shares for about $9.7 million, increasing his direct ownership by 11.4%. The insider purchase may signal confidence, although it does not resolve Intel’s operating challenges. Report on CEO share purchase
• Positive Sentiment: Intel technology is being used in Atsign’s EdgeAI platform, while a separate report highlighted Xeon processors for enterprise AI workloads. These developments support Intel’s effort to build AI-related demand beyond traditional PC chips. Intel EdgeAI and Xeon developments
• Negative Sentiment: The recovery follows pressure from Intel’s fourth-quarter revenue outlook of $15 billion to $16 billion and management’s warning that PC weakness could extend into 2027. A securities law firm has also announced an investigation into potential investor claims; this is an investigation notice, not a finding of wrongdoing. Investigation notice and outlook concerns
• Negative Sentiment: Analyst estimate reductions and ongoing concerns about losses in Intel Foundry add to doubts about earnings momentum and the execution of its turnaround. Analysis of Intel Foundry risks

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Zacks Research upgraded shares of Intel from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 26th. Daiwa Securities Group downgraded shares of Intel from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 4th. Piper Sandler started coverage on shares of Intel in a report on Wednesday, September 9th. They issued a "neutral" rating and a $110.00 target price on the stock. DA Davidson cut their target price on shares of Intel from $100.00 to $70.00 and set a "neutral" rating for the company in a research note on Friday, October 30th. Finally, National Bank Financial set a $85.00 target price on shares of Intel in a report on Monday, October 19th. 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 given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $97.42.

Intel Stock Up 7.7%

Shares of Intel stock opened at $56.28 on Friday. Intel Corporation has a 1 year low of $32.89 and a 1 year high of $142.35. The company has a market cap of $299.13 billion, a P/E ratio of -23.35, a P/E/G ratio of 6.02 and a beta of 2.42. The company has a current ratio of 2.31, a quick ratio of 1.86 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average price of $97.95 and a 200 day moving average price of $86.60.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings results 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 analysts' expectations of $16.56 billion. During the same period last year, the company posted $0.23 earnings per share. The firm's quarterly revenue was up 20.9% compared to the same quarter last year. As a group, analysts expect that Intel Corporation will post 1.04 EPS for the current fiscal year.

About Intel

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