Intel Corporation $INTC Holdings Cut by Keynote Financial Services LLC

Key Points

• Keynote Financial Services LLC cut its Intel stake by 6.5% in the first quarter, selling 5,519 shares and ending with 78,898 shares valued at about $3.48 million.
• Intel’s latest quarterly results came in ahead of expectations, with EPS of $0.29 versus a $0.01 estimate and revenue of $13.58 billion versus $12.32 billion expected. Revenue also rose 7.4% year over year.
• Analyst sentiment has improved, with several firms raising price targets or upgrading the stock, while recent news pointed to foundry momentum and a first named outside customer, Fortinet, for Intel Foundry.

Keynote Financial Services LLC lowered its position in Intel Corporation (NASDAQ:INTC - Free Report) by 6.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,898 shares of the chip maker's stock after selling 5,519 shares during the quarter. Intel accounts for approximately 1.9% of Keynote Financial Services LLC's holdings, making the stock its 10th biggest holding. Keynote Financial Services LLC's holdings in Intel were worth $3,482,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in INTC. iA Global Asset Management Inc. increased its holdings in Intel by 17.0% during the 4th quarter. iA Global Asset Management Inc. now owns 593,043 shares of the chip maker's stock worth $21,883,000 after purchasing an additional 86,189 shares during the last quarter. Whalerock Point Partners LLC acquired a new position in shares of Intel in the 4th quarter valued at approximately $205,000. Heritage Investment Group Inc. purchased a new position in shares of Intel during the 4th quarter valued at approximately $219,000. Dixon Mitchell Investment Counsel Inc. purchased a new position in shares of Intel during the 4th quarter valued at approximately $185,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Intel by 5.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 255,261 shares of the chip maker's stock valued at $9,419,000 after buying an additional 13,858 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Price Performance

Shares of NASDAQ INTC opened at $102.62 on Thursday. The company has a current ratio of 2.31, a quick ratio of 1.85 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $515.77 billion, a price-to-earnings ratio of -165.51 and a beta of 2.18. Intel Corporation has a twelve month low of $18.97 and a twelve month high of $142.35. The business has a 50 day simple moving average of $116.48 and a 200-day simple moving average of $77.54.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The chip maker reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.28. The firm had revenue of $13.58 billion for the quarter, compared to analysts' expectations of $12.32 billion. Intel had a positive return on equity of 0.39% and a negative net margin of 5.90%.The firm's revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the business posted $0.13 earnings per share. As a group, equities research analysts expect that Intel Corporation will post 0.65 earnings per share for the current year.

Insiders Place Their Bets

In other Intel news, EVP Boise April Miller sold 40,256 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $99.53, for a total transaction of $4,006,679.68. Following the sale, the executive vice president directly owned 105,077 shares of the company's stock, valued at approximately $10,458,313.81. This represents a 27.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.05% of the stock is currently owned by insiders.

Key Headlines Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel’s foundry business landed its first named outside customer under CEO Lip-Bu Tan, with Fortinet signing on to use Intel Foundry for its Security Processor 6 on Intel 4. The announcement also reinforced the idea that Intel is gaining traction in contract manufacturing. Intel's foundry lands first named customer under CEO Lip-Bu Tan, as Fortinet signs on for security chips
• Positive Sentiment: Analyst and market commentary turned more constructive ahead of earnings, with reports citing stronger server demand, pricing gains, and a likely Q2 revenue beat. Several funds were also said to be buying Intel stock ahead of the results. Wedbush delivers bold verdict on Intel stock ahead of earnings
• Positive Sentiment: Intel also benefited from a broader chip rebound and optimism around AI demand, with several stories suggesting its turnaround, foundry efforts, and AI infrastructure exposure could support upside if Thursday’s report confirms momentum. Intel results test if AI-fueled rally has room to run
• Neutral Sentiment: There were also reports that Intel is seeking a partner for its Ohio chip fab, rather than selling it outright, and SK hynix quickly denied acquisition talks. That kept the rumor mill active but did not create a clear new strategic catalyst. Intel mulls partnership for Ohio chip fab, SK Hynix among candidates - report
• Negative Sentiment: Pressure remains from a sluggish PC market, high expectations after a huge year-to-date run, and reports of fresh data-center layoffs as CEO Lip-Bu Tan continues restructuring. Investors appear concerned that earnings may need to be very strong to justify the recent rally. Intel plans layoffs within its data center group

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Bank of America lifted their price target on shares of Intel from $135.00 to $160.00 and gave the stock a "buy" rating in a research note on Tuesday, June 23rd. Freedom Capital upgraded shares of Intel from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 28th. BNP Paribas Exane raised shares of Intel from an "underperform" rating to a "buy" rating and set a $60.00 price objective for the company in a report on Tuesday, April 21st. Citigroup raised shares of Intel from a "buy" rating to a "buy" rating in a report on Thursday, June 11th. Finally, Tigress Financial boosted their target price on shares of Intel from $66.00 to $118.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twenty-nine have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $102.77.

Intel Company Profile

Intel Corporation, founded in 1968 by Robert Noyce and Gordon E. Moore and headquartered in Santa Clara, California, is a leading global designer and manufacturer of semiconductor products. The company is historically notable for introducing the first commercial microprocessor and for driving the x86 architecture that underpins many personal computers and servers. Intel's core business spans the design, fabrication and marketing of processors, chipsets and related components for a wide range of computing applications.

Intel's product portfolio includes client and mobile processors marketed under brands such as Intel Core and Pentium, as well as high-performance Xeon processors for data centers and cloud infrastructure.

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