Intel Corporation $INTC Shares Acquired by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments Holdings increased its Intel stake by 98.9% in the third quarter, adding 521,774 shares to reach 1,049,167 shares valued at $125.9 million.
• Analyst sentiment is mixed: Intel has a consensus “Hold” rating and an average price target of $97.42, based on 28 Hold, 21 Buy or Strong Buy, and 2 Sell ratings.
• Intel reported quarterly EPS of $0.52, beating estimates of $0.41, while revenue of $16.51 billion came in slightly below estimates; revenue grew 20.9% year over year.

Allspring Global Investments Holdings LLC raised its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 98.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,049,167 shares of the chip maker's stock after acquiring an additional 521,774 shares during the period. Allspring Global Investments Holdings LLC's holdings in Intel were worth $125,900,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of INTC. Vestor Capital LLC bought a new position in shares of Intel in the 1st quarter worth $9,441,000. University of Texas Texas AM Investment Management Co. acquired a new stake in Intel in the 2nd quarter valued at $4,995,000. Western Wealth Management LLC grew its position in Intel by 57.7% in the 1st quarter. Western Wealth Management LLC now owns 21,223 shares of the chip maker's stock valued at $937,000 after purchasing an additional 7,764 shares during the period. Bank of America Corp DE grew its position in Intel by 35.7% in the 2nd quarter. Bank of America Corp DE now owns 31,724,362 shares of the chip maker's stock valued at $4,429,673,000 after purchasing an additional 8,342,514 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in Intel by 4.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,493,552 shares of the chip maker's stock valued at $208,541,000 after purchasing an additional 67,588 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Intel from $85.00 to $80.00 and set a "neutral" rating on the stock in a report on Friday, October 30th. Wall Street Zen cut shares of Intel from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Barclays raised shares of Intel from a "hold" rating to an "overweight" rating in a research report on Wednesday, September 16th. National Bank Financial set a $85.00 target price on shares of Intel in a report on Monday, October 19th. Finally, Northland Securities set a $93.00 price target on shares of Intel in a research report on Friday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, twenty-eight have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Intel has a consensus rating of "Hold" and a consensus price target of $97.42.

Intel Price Performance

INTC opened at $56.28 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.31 and a quick ratio of 1.95. The company has a market capitalization of $299.13 billion, a price-to-earnings ratio of -23.35, a P/E/G ratio of 6.02 and a beta of 2.42. The firm's fifty day moving average price is $97.95 and its two-hundred day moving average price is $86.60. Intel Corporation has a 1 year low of $32.89 and a 1 year high of $142.35.

Intel (NASDAQ:INTC - Get Free Report) last posted its earnings results on Thursday, October 29th. The chip maker reported $0.52 earnings per share (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 firm had revenue of $16.51 billion during the quarter, compared to analyst estimates of $16.56 billion. During the same quarter in the prior year, the business posted $0.23 EPS. The business's revenue was up 20.9% compared to the same quarter last year. As a group, analysts anticipate that Intel Corporation will post 1.04 earnings per share for the current fiscal year.

Trending Headlines about Intel

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 Activity

In other Intel news, CEO Lip Tan purchased 150,000 shares of the firm's stock in a transaction that occurred on Monday, November 2nd. The stock was bought at an average cost of $64.73 per share, with a total value of $9,709,500.00. Following the completion of the transaction, the chief executive officer owned 1,464,669 shares of the company's stock, valued at $94,808,024.37. The trade was a 11.41% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 0.05% of the stock is currently owned by corporate insiders.

Intel Profile

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.