Intel Corporation $INTC Shares Purchased by New York Life Investment Management LLC

Key Points

• New York Life Investment Management increased its Intel stake 4.6% in the third quarter, adding 32,458 shares to hold 736,601 shares valued at about $88.6 million.
• CEO Lip-Bu Tan bought 150,000 shares for approximately $9.71 million, increasing his direct ownership by 11.41%.
• Intel beat quarterly earnings-per-share estimates, but revenue came in slightly below forecasts; analysts’ consensus rating is Hold, with a $97.42 average price target.

New York Life Investment Management LLC raised its stake in Intel Corporation (NASDAQ:INTC - Free Report) by 4.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 736,601 shares of the chip maker's stock after purchasing an additional 32,458 shares during the quarter. New York Life Investment Management LLC's holdings in Intel were worth $88,562,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of INTC. ABS Investment Management LLC bought a new position in Intel during the 2nd quarter valued at $694,101,000. Montgomery Financial Services LLC purchased a new position in Intel in the second quarter worth $26,000. Knuff & Co LLC purchased a new position in shares of Intel in the 2nd quarter worth about $29,000. Glynn Capital Management LLC bought a new position in shares of Intel during the 2nd quarter valued at approximately $29,000. Finally, Pathway Financial Advisers LLC bought a new position in Intel during the third quarter valued at $25,000. Institutional investors own 64.53% of the company's stock.

Insider Activity at Intel

In other news, CEO Lip Tan purchased 150,000 shares of Intel stock in a transaction dated Monday, November 2nd. The stock was purchased at an average cost of $64.73 per share, for a total transaction of $9,709,500.00. Following the transaction, the chief executive officer directly owned 1,464,669 shares of the company's stock, valued at approximately $94,808,024.37. This trade represents a 11.41% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.05% of the stock is owned by company insiders.

Key Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel and Altera announced a collaboration focused on edge computing and physical AI industries, extending Intel’s push to develop AI opportunities beyond traditional data centers. Intel, Altera announce collaboration for Edge, Physical AI industries
• Positive Sentiment: RBC says Intel management expects 2027 to be a growth year, with data-center strength potentially more than offsetting PC weakness. This supports the longer-term turnaround case, though it does not remove near-term execution risks. Intel Sees 2027 Growth as Data-Center Strength Offsets PC Weakness, RBC Says
• Neutral Sentiment: CEO Lip-Bu Tan recently bought 150,000 Intel shares, worth about $9.71 million. The insider purchase may signal confidence, but it has not quelled investor concerns about the company’s outlook. CEO Lip-Bu Tan’s 150,000-Share Purchase
• Negative Sentiment: Reports pointed to Intel’s weak fourth-quarter outlook, an expected decline in gross margin, and ongoing PC-market weakness. Hot inflation data and a fading chip rally added pressure to sentiment. Intel Stocks Fall as Chip Rally Fades and PC Slump Clouds Q4
• Negative Sentiment: Pomerantz LLP said it is investigating potential claims on behalf of Intel investors. The announcement may add legal uncertainty, but it does not establish that Intel did anything wrong. Pomerantz Law Firm Investigates Claims on Behalf of Intel Investors

Intel Price Performance

Shares of NASDAQ:INTC opened at $58.13 on Wednesday. The company has a 50 day moving average of $96.72 and a 200 day moving average of $86.64. The stock has a market cap of $308.96 billion, a P/E ratio of -24.12, a P/E/G ratio of 6.35 and a beta of 2.42. Intel Corporation has a 12 month low of $32.89 and a 12 month high of $142.35. The company has a current ratio of 2.31, a quick ratio of 1.95 and a debt-to-equity ratio of 0.47.

Intel (NASDAQ:INTC - Get Free Report) last posted its earnings results on Thursday, October 29th. The chip maker reported $0.52 earnings per share 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 4.70%. The business had revenue of $16.51 billion for the quarter, compared to analyst estimates of $16.56 billion. During the same quarter in the prior year, the firm posted $0.23 EPS. Intel's revenue was up 20.9% on a year-over-year basis. As a group, sell-side analysts forecast that Intel Corporation will post 1.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

INTC has been the subject of several recent research reports. Bank of America lowered Intel from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $145.00 to $100.00 in a report on Friday, October 30th. Stifel Nicolaus set a $90.00 price objective on shares of Intel in a report on Friday, October 30th. National Bank Financial set a $85.00 target price on shares of Intel in a research report on Monday, October 19th. The Goldman Sachs Group reiterated a "neutral" rating and set a $100.00 target price on shares of Intel in a research report on Friday, October 30th. Finally, KeyCorp reduced their target price on shares of Intel from $155.00 to $140.00 and set an "overweight" rating for the company in a research note on Friday, October 30th. Two equities research 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.com, Intel currently has a consensus rating of "Hold" and a consensus target price of $97.42.

About Intel

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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