Intel Corporation $INTC Holdings Reduced by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al trimmed its position in Intel Corporation (NASDAQ:INTC - Free Report) by 53.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 349,150 shares of the chip maker's stock after selling 393,594 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al's holdings in Intel were worth $41,978,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Southern Financial Group LLC boosted its position in shares of Intel by 0.6% during the 1st quarter. Southern Financial Group LLC now owns 14,313 shares of the chip maker's stock worth $632,000 after acquiring an additional 90 shares in the last quarter. Harrell Investment Partners LLC boosted its position in shares of Intel by 0.4% in the 2nd quarter. Harrell Investment Partners LLC now owns 23,277 shares of the chip maker's stock valued at $3,250,000 after purchasing an additional 100 shares during the period. TFR Capital LLC. lifted its stake in Intel by 0.4% in the second quarter. TFR Capital LLC. now owns 26,643 shares of the chip maker's stock valued at $3,720,000 after buying an additional 100 shares during the last quarter. Walker Asset Management LLC grew its position in shares of Intel by 1.9% during the third quarter. Walker Asset Management LLC now owns 5,433 shares of the chip maker's stock worth $653,000 after acquiring an additional 100 shares during the last quarter. Finally, Wynn Capital LLC grew its position in Intel by 0.4% during the 2nd quarter. Wynn Capital LLC now owns 27,162 shares of the chip maker's stock worth $3,793,000 after purchasing an additional 104 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on INTC. Piper Sandler assumed coverage on Intel in a research note on Wednesday, September 9th. They set a "neutral" rating and a $110.00 price objective for the company. Wedbush reissued a "neutral" rating and issued a $98.00 price objective on shares of Intel in a research note on Tuesday. Roth Capital cut shares of Intel from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $120.00 to $70.00 in a research note on Friday. Wells Fargo & Company dropped their price target on shares of Intel from $120.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Friday. Finally, Tigress Financial raised their price objective on shares of Intel from $118.00 to $145.00 and gave the company a "buy" rating in a research report on Tuesday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, twenty-seven have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $97.86.

Intel Stock Performance

INTC opened at $65.76 on Friday. The stock's 50 day simple moving average is $101.10 and its 200 day simple moving average is $86.36. The stock has a market cap of $331.69 billion, a P/E ratio of -27.29, a P/E/G ratio of 9.78 and a beta of 2.22. Intel Corporation has a 1-year low of $32.89 and a 1-year high of $142.35. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 1.25.

Intel (NASDAQ:INTC - Get Free Report) last announced its earnings results on Thursday, October 29th. The chip maker reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.11. Intel had a negative net margin of 20.09% and a positive return on equity of 4.55%. The company had revenue of $16.51 billion during the quarter, compared to analysts' expectations of $16.56 billion. During the same quarter in the previous year, the business 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, equities analysts anticipate that Intel Corporation will post 1.05 EPS for the current fiscal year.

Insider Activity

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

Key Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel exceeded third-quarter expectations, reporting adjusted earnings of $0.52 per share versus a roughly $0.41 consensus estimate. Revenue increased 21% year over year to approximately $16.5 billion. Intel third-quarter earnings report
• Positive Sentiment: Data Center and AI revenue rose 78% to $7.3 billion, while Intel Foundry revenue increased 58% to $6.7 billion. CEO Lip-Bu Tan also highlighted the potential for AI agents to expand the server CPU market. Intel server and AI revenue coverage
• Neutral Sentiment: Intel agreed to acquire Israeli quantum software company Classiq Technologies for about $2.3 billion, seeking to build a full-stack quantum-computing business. The deal may provide a long-term growth option but adds to near-term spending and execution demands. Intel Classiq acquisition
• Negative Sentiment: Fourth-quarter guidance was well below Wall Street expectations: revenue is projected at $15 billion-$16 billion, versus approximately $17.1 billion expected, with adjusted earnings of about $0.25 per share versus roughly $0.45 expected. Management said the PC slowdown could persist through at least the first half of 2027. Reuters Intel outlook report
• Negative Sentiment: Memory shortages and higher component prices are making PCs more expensive, while Intel expects client-computing revenue to weaken. A blast at its Israel facility is expected to cause roughly $300 million-$600 million in revenue disruption, adding to manufacturing constraints. Intel PC slowdown and Israel facility report
• Negative Sentiment: Analysts responded with multiple downgrades and price-target reductions, citing weak PC demand, supply bottlenecks, lower margins, heavy foundry investment and the risk that Intel may not generate free cash flow in 2027. The outlook also triggered a broad semiconductor selloff, pressuring AMD, Nvidia, Broadcom and other chip stocks. Analyst reactions to Intel earnings

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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