Intel Corporation $INTC Shares Bought by Citizens Financial Group Inc. RI

Key Points

• Citizens Financial Group increased its Intel stake by 22.2% in the third quarter, adding 21,454 shares for a total of 118,305 shares valued at approximately $14.2 million. Institutional investors collectively own 64.53% of Intel.
• Intel is seeing potential catalysts from its Arizona and Ohio manufacturing projects, an FCC waiver, improving earnings forecasts and anticipation of its October 29 results. CEO Lip-Bu Tan also purchased nearly $10 million of Intel stock.
• Risks remain, including questions about foundry yields and scalability, competition from Nvidia, and a consensus analyst rating of “Hold” with a $107.73 price target versus the reported $86.96 opening price.

Citizens Financial Group Inc. RI grew its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 22.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 118,305 shares of the chip maker's stock after purchasing an additional 21,454 shares during the period. Citizens Financial Group Inc. RI's holdings in Intel were worth $14,224,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Primecap Management Co. CA acquired a new stake in Intel during the 2nd quarter worth about $10,507,291,000. Legal & General Group Plc purchased a new stake in Intel during the second quarter valued at about $4,096,110,000. Assenagon Asset Management S.A. lifted its stake in Intel by 87.1% during the third quarter. Assenagon Asset Management S.A. now owns 30,214,769 shares of the chip maker's stock valued at $3,632,722,000 after buying an additional 14,063,302 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in Intel during the second quarter valued at about $1,848,438,000. Finally, Bank of America Corp DE boosted its holdings in shares of 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 buying an additional 8,342,514 shares during the period. Institutional investors and hedge funds own 64.53% of the company's stock.

Key Stories Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: The FCC granted Intel a waiver allowing the company to continue using foreign-made robotic devices, easing a potential regulatory and manufacturing constraint. FCC grants Intel waiver for foreign-made robotic devices
• Positive Sentiment: Wedbush identified a potential boost from Intel’s Arizona chip plant, while continued construction progress at the company’s Ohio project reinforced the turnaround narrative and long-term domestic-foundry strategy. Intel Stock Rises as Wedbush Spots a Potential Boost From Arizona Chip Plant
• Positive Sentiment: Investors are positioning for the October 29 quarterly report. Analysts and bullish commentators point to strong server-CPU demand, recent price increases and Intel’s history of exceeding its own forecasts as possible sources of an earnings or guidance beat. Options markets imply a potentially sizable post-earnings move. Prediction: Intel Stock Will Take Off After Oct. 29
• Positive Sentiment: Erste Group raised its fiscal 2027 EPS forecast for Intel to $1.59 from $1.56, above the broader consensus estimate of $1.05, signaling improving expectations for the company’s earnings recovery.
• Neutral Sentiment: The move also reflected a rebound in selected technology shares despite broader market pressure from higher oil prices and concerns about inflation, interest rates and the cost of AI infrastructure. Why are AMD, Intel stocks gaining today?
• Negative Sentiment: Risks remain ahead of earnings: Intel’s third-quarter outlook called for adjusted EPS of $0.38, below the prior quarter’s $0.42, while analysts continue to question whether its foundry operations can achieve competitive yields and scale. Nvidia’s expansion into CPU markets also presents a longer-term competitive threat. The Foundry Disconnect: Intel Nails the Transistor, But TSMC Holds the Keys to Yield and Scale

Intel Trading Up 1.7%

Shares of NASDAQ INTC opened at $86.96 on Friday. Intel Corporation has a one year low of $32.89 and a one year high of $142.35. The firm has a market capitalization of $438.63 billion, a PE ratio of -41.21, a PEG ratio of 9.23 and a beta of 2.22. The company has a current ratio of 1.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average price of $101.97 and a two-hundred day moving average price of $102.82.

Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results on Thursday, July 23rd. The chip maker reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.21. The company had revenue of $16.13 billion for the quarter, compared to the consensus estimate of $14.43 billion. Intel had a positive return on equity of 2.62% and a negative net margin of 19.79%. The firm's quarterly revenue was up 25.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.10) EPS. As a group, analysts predict that Intel Corporation will post 1.05 earnings per share for the current fiscal year.

Insider Activity at Intel

In related news, CEO Lip Bu Tan purchased 105,263 shares of the firm's stock in a transaction that occurred on 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 owned 1,314,669 shares in the company, valued at $124,893,555. This trade represents a 8.70% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.05% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on INTC. Citigroup started coverage on shares of Intel in a research report on Monday, October 19th. They issued an "outperform" rating on the stock. Royal Bank Of Canada started coverage on shares of Intel in a research report on Tuesday, September 8th. They issued an "outperform" rating for the company. Cantor Fitzgerald reduced their price target on shares of Intel from $150.00 to $125.00 and set a "neutral" rating for the company in a research report on Friday, July 24th. Truist Financial raised their price objective on shares of Intel from $81.00 to $108.00 and gave the stock a "hold" rating in a research note on Friday, July 24th. Finally, Northland Securities upgraded shares of Intel from a "market perform" rating to an "outperform" rating and set a $120.00 price objective on the stock in a research report on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, twenty-seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Intel currently has an average rating of "Hold" and a consensus price target of $107.73.

Intel 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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