Intel Corporation $INTC Shares Purchased by Eurizon Capital SGR S.p.A.

Key Points

• Eurizon Capital SGR increased its Intel stake by 1.5%, buying 60,325 shares in the third quarter to hold about 4.06 million shares, valued at roughly $483 million.
• Analyst views remain mixed: Intel has a consensus “Hold” rating and an average price target of $96.93; Bank of America cut its target to $80, while Barclays upgraded the stock to “Overweight.”
• CEO Lip-Bu Tan purchased 150,000 shares at an average $64.73 each. Intel’s latest quarterly EPS of $0.52 beat estimates, while revenue of $16.51 billion came in slightly below expectations.

Eurizon Capital SGR S.p.A. grew its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 1.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,058,268 shares of the chip maker's stock after purchasing an additional 60,325 shares during the quarter. Intel comprises about 1.3% of Eurizon Capital SGR S.p.A.'s portfolio, making the stock its 16th biggest position. Eurizon Capital SGR S.p.A. owned approximately 0.08% of Intel worth $483,197,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in INTC. Primecap Management Co. CA acquired a new stake in shares of Intel during the 2nd quarter worth approximately $10,507,291,000. Legal & General Group Plc acquired a new position in shares of Intel during the 2nd quarter valued at $4,096,110,000. Assenagon Asset Management S.A. lifted its position in shares of Intel by 87.1% during the 3rd 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 acquiring an additional 14,063,302 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of Intel during the 2nd quarter valued at $1,848,438,000. Finally, Bank of America Corp DE boosted its stake in Intel by 35.7% during 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 acquiring an additional 8,342,514 shares in the last quarter. Institutional investors own 64.53% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Barclays upgraded shares of Intel from a "hold" rating to an "overweight" rating in a report on Wednesday, September 16th. Morgan Stanley set a $85.00 price target on shares of Intel in a research note on Monday, October 19th. DA Davidson dropped their price objective on shares of Intel from $100.00 to $70.00 and set a "neutral" rating on the stock in a report on Friday, October 30th. Evercore reissued an "outperform" rating and set a $133.00 price objective on shares of Intel in a research report on Friday, October 30th. Finally, Bank of America reduced their target price on Intel from $100.00 to $80.00 and set a "neutral" rating for the company in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned 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, Intel currently has an average rating of "Hold" and a consensus price target of $96.93.

Insiders Place Their Bets

In other Intel news, CEO Lip Tan purchased 150,000 shares of the company's stock in a transaction that occurred on Monday, November 2nd. The shares were acquired at an average price of $64.73 per share, with a total value of $9,709,500.00. Following the transaction, the chief executive officer owned 1,464,669 shares in the company, valued at $94,808,024.37. The trade was a 11.41% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.05% of the company's stock.

Key Intel News

Investors following INTC have been watching these news items:

• Positive Sentiment: Intel and RadixArk will work to improve open AI inference on Intel platforms, including upstreaming SGLang optimizations. The partnership may support developer adoption of Intel infrastructure. Intel and RadixArk collaboration
• Negative Sentiment: Bank of America lowered its Intel price target from $100 to $80 and kept a neutral rating, signaling reduced expectations. Bank of America price-target change
• Negative Sentiment: A law firm announced an investor-claims investigation, adding a legal-risk headline. Separately, coverage points to PC weakness, cash burn and falling estimates as ongoing challenges despite strong server demand. Investor investigation announcement Intel’s operating challenges

Intel Stock Performance

INTC opened at $61.20 on Friday. The company has a current ratio of 2.31, a quick ratio of 1.95 and a debt-to-equity ratio of 0.47. The company's fifty day moving average price is $95.61 and its two-hundred day moving average price is $86.83. Intel Corporation has a 1-year low of $32.89 and a 1-year high of $142.35. The company has a market cap of $325.28 billion, a price-to-earnings ratio of -25.39, a PEG ratio of 6.68 and a beta of 2.42.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The chip maker reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.11. The firm had revenue of $16.51 billion during the quarter, compared to analysts' expectations of $16.56 billion. Intel had a negative net margin of 20.09% and a positive return on equity of 4.70%. The business's revenue was up 20.9% on a year-over-year basis. During the same period last year, the company earned $0.23 earnings per share. On average, analysts expect that Intel Corporation will post 1.04 EPS for the current fiscal year.

Intel 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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