CenterBook Partners LP Acquires 143,157 Shares of Intel Corporation $INTC

Key Points

• CenterBook Partners sharply increased its Intel stake, buying 143,157 shares in the third quarter to bring its holdings to 153,514 shares, valued at about $18.5 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) but narrowly missed revenue expectations; analysts’ overall rating was Hold, reflecting a mixed outlook.

CenterBook Partners LP raised its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 1,382.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 153,514 shares of the chip maker's stock after buying an additional 143,157 shares during the period. Intel makes up approximately 0.8% of CenterBook Partners LP's portfolio, making the stock its 16th largest position. CenterBook Partners LP's holdings in Intel were worth $18,457,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vestor Capital LLC acquired a new position in shares of Intel during the first quarter worth about $9,441,000. University of Texas Texas AM Investment Management Co. acquired a new stake in Intel in the second quarter valued at approximately $4,995,000. Western Wealth Management LLC raised its holdings in Intel by 57.7% in the first quarter. Western Wealth Management LLC now owns 21,223 shares of the chip maker's stock valued at $937,000 after acquiring an additional 7,764 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Intel by 4.7% in the second quarter. Envestnet Asset Management Inc. now owns 1,493,552 shares of the chip maker's stock valued at $208,541,000 after acquiring an additional 67,588 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in Intel by 35.7% in 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 acquiring an additional 8,342,514 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel News Summary

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

Insider Buying and Selling at Intel

In related news, CEO Lip Tan bought 150,000 shares of the stock in a transaction dated Monday, November 2nd. The stock was acquired at an average price of $64.73 per share, for a total transaction of $9,709,500.00. Following the acquisition, the chief executive officer owned 1,464,669 shares in the company, valued at approximately $94,808,024.37. This represents a 11.41% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.05% of the company's stock.

Intel Stock Up 7.7%

INTC stock traded up $4.03 during trading on Friday, hitting $56.28. 173,647,728 shares of the company's stock were exchanged, compared to its average volume of 123,848,320. The business has a 50-day moving average price of $97.95 and a two-hundred day moving average price of $86.60. The stock has a market capitalization of $299.13 billion, a price-to-earnings ratio of -23.35, a PEG ratio of 6.25 and a beta of 2.42. Intel Corporation has a 52-week low of $32.89 and a 52-week high of $142.35. The company has a current ratio of 2.31, a quick ratio of 1.86 and a debt-to-equity ratio of 0.47.

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

Wall Street Analysts Forecast Growth

INTC has been the subject of several analyst reports. Morgan Stanley set a $85.00 price target on shares of Intel in a report on Monday, October 19th. Pivotal Research started coverage on shares of Intel in a research report on Tuesday, September 8th. They issued a "buy" rating on the stock. Piper Sandler assumed coverage on shares of Intel in a report on Wednesday, September 9th. They issued a "neutral" rating and a $110.00 price objective on the stock. The Goldman Sachs Group restated a "neutral" rating and issued a $100.00 price objective on shares of Intel in a report on Friday, October 30th. Finally, TD Cowen decreased their price objective on shares of Intel from $95.00 to $75.00 and set a "hold" rating for the company in a research report on Friday, October 30th. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, twenty-eight have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $97.42.

Intel Company Profile

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