Intel Corporation $INTC Shares Purchased by Danica Pension Livsforsikringsaktieselskab

Key Points

• Danica Pension increased its Intel stake by 5.3% in the third quarter, buying 13,270 shares and bringing its holdings to 262,796 shares, valued at about $31.6 million.
• Several other institutional investors also raised their positions; institutional investors collectively owned 64.53% of Intel’s stock.
• Intel CEO Lip-Bu Tan bought 150,000 shares at an average price of $64.73, a purchase worth about $9.7 million.

Danica Pension Livsforsikringsaktieselskab lifted its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 5.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 262,796 shares of the chip maker's stock after purchasing an additional 13,270 shares during the period. Danica Pension Livsforsikringsaktieselskab's holdings in Intel were worth $31,596,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Migdal Insurance & Financial Holdings Ltd. raised its stake in Intel by 2.7% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 295,856 shares of the chip maker's stock worth $35,571,000 after acquiring an additional 7,647 shares during the period. Danske Bank A S boosted its position in shares of Intel by 0.6% in the third quarter. Danske Bank A S now owns 2,761,484 shares of the chip maker's stock worth $332,013,000 after purchasing an additional 15,177 shares during the period. Drive Wealth Management LLC increased its stake in shares of Intel by 28.3% in the third quarter. Drive Wealth Management LLC now owns 18,717 shares of the chip maker's stock worth $2,250,000 after purchasing an additional 4,124 shares in the last quarter. MSH Capital Advisors LLC increased its stake in shares of Intel by 112.3% in the third quarter. MSH Capital Advisors LLC now owns 8,612 shares of the chip maker's stock worth $1,034,000 after purchasing an additional 4,555 shares in the last quarter. Finally, Cornerstone Advisory LLC raised its position in shares of Intel by 11.2% during the 3rd quarter. Cornerstone Advisory LLC now owns 9,922 shares of the chip maker's stock valued at $1,193,000 after purchasing an additional 1,001 shares during the period. Hedge funds and other institutional investors own 64.53% of the company's stock.

Intel Price Performance

Intel stock traded down $1.54 during midday trading on Friday, reaching $59.66. 102,211,925 shares of the stock traded hands, compared to its average volume of 146,395,888. The stock has a market cap of $317.09 billion, a P/E ratio of -24.76, a PEG ratio of 6.55 and a beta of 2.42. The stock's fifty day moving average is $94.97 and its 200-day moving average is $86.90. The company has a quick ratio of 1.95, a current ratio of 2.31 and a debt-to-equity ratio of 0.47. Intel Corporation has a 12 month low of $32.89 and a 12 month high of $142.35.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $16.51 billion for the quarter, compared to the consensus estimate of $16.56 billion. Intel had a positive return on equity of 4.70% and a negative net margin of 20.09%. The company's revenue was up 20.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS. As a group, equities research analysts anticipate that Intel Corporation will post 1.04 EPS for the current year.

Insider Transactions at Intel

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 shares were bought at an average price of $64.73 per share, with a total value of $9,709,500.00. Following the completion of the purchase, the chief executive officer directly owned 1,464,669 shares in the company, valued at $94,808,024.37. This trade represents a 11.41% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.05% of the stock is currently owned by insiders.

Top Intel Stories

These are some of the INTC stories that stood out recently:

• Positive Sentiment: Intel and RadixArk announced work to optimize open-source SGLang inference on Intel platforms, a move aimed at improving developer choice and performance for AI workloads. Article: Intel and RadixArk collaboration
• Negative Sentiment: Intel fell alongside other chipmakers as technology stocks weakened, with investors assessing inflation data and uncertainty across the semiconductor sector. Article: Chip stocks slide
• Negative Sentiment: Some analysts and commentators remain cautious: one article argues AMD has stronger prospects and a more attractive valuation, while another recommends waiting for Intel’s fourth-quarter results. These concerns add to scrutiny of Intel’s valuation and turnaround execution. Article: AMD or Intel Article: Waiting for Intel’s Q4 numbers

Analyst Ratings Changes

INTC has been the subject of several recent analyst reports. Sanford C. Bernstein raised shares of Intel from a "hold" rating to an "outperform" rating in a report on Monday, October 19th. Freedom Broker downgraded Intel from a "buy" rating to a "hold" rating and lowered their price objective for the company from $100.00 to $90.00 in a research report on Friday, October 30th. JPMorgan Chase & Co. lowered their price objective on Intel from $85.00 to $80.00 and set a "neutral" rating on the stock in a research report on Friday, October 30th. TD Cowen dropped their price objective on Intel from $95.00 to $75.00 and set a "hold" rating for the company in a research note on Friday, October 30th. Finally, KGI Securities raised Intel from a "neutral" rating to an "outperform" rating and set a $95.00 price target on the stock in a report on Friday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, twenty-eight have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $96.93.

Intel Company Profile

Intel Corporation is a semiconductor company that designs and manufactures processors and related technologies. Its products include central processing units for personal computers and servers, graphics and AI accelerators, and platforms and components for data center, networking, and edge computing applications. The company also operates Intel Foundry, which provides semiconductor manufacturing, packaging, and related services for Intel and external customers. Intel serves customers and businesses around the world through its products, technologies, and manufacturing operations.

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