Intel Corporation $INTC Shares Sold by Crew Capital Management Ltd

Key Points

• Crew Capital Management cut its Intel position by 43.5% in the third quarter, selling 14,038 shares and retaining 18,222 shares valued at approximately $2.19 million. Institutional investors and hedge funds collectively own 64.53% of Intel.
• Intel’s third-quarter results exceeded expectations, with adjusted EPS of $0.52 and revenue of $16.51 billion, supported by strong Data Center and AI and Foundry growth. However, management’s fourth-quarter outlook fell well below analyst forecasts, reflecting continued PC-market weakness.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $108.23; shares opened at $92.07, down 3.6%.

Crew Capital Management Ltd lowered its position in Intel Corporation (NASDAQ:INTC - Free Report) by 43.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,222 shares of the chip maker's stock after selling 14,038 shares during the quarter. Intel comprises approximately 1.2% of Crew Capital Management Ltd's investment portfolio, making the stock its 22nd biggest holding. Crew Capital Management Ltd's holdings in Intel were worth $2,191,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in INTC. ABS Investment Management LLC bought a new position in Intel in the 2nd quarter worth approximately $694,101,000. Montgomery Financial Services LLC bought a new stake in Intel during the 2nd quarter valued at $26,000. Knuff & Co LLC bought a new stake in Intel during the 2nd quarter valued at $29,000. Glynn Capital Management LLC acquired a new position in Intel during the 2nd quarter worth $29,000. Finally, Beaird Harris Wealth Management LLC boosted its position in Intel by 3,185.7% during the 2nd quarter. Beaird Harris Wealth Management LLC now owns 230 shares of the chip maker's stock worth $32,000 after acquiring an additional 223 shares during the period. Institutional investors and hedge funds own 64.53% of the company's stock.

More Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel reported third-quarter adjusted earnings of $0.52 per share, above the roughly $0.39–$0.41 consensus, while revenue reached approximately $16.5 billion. Intel Q3 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Data Center and AI revenue surged 78% year over year to $7.3 billion, with operating income from the business roughly tripling. Intel Foundry revenue also increased 58% to $6.7 billion. Intel Server Sales Jump 78%, Q4 Outlook Dims
• Neutral Sentiment: Intel’s planned $2.3 billion acquisition of quantum-computing software company Classiq could broaden its long-term technology portfolio, but the deal adds investment demands while near-term profitability and cash-flow execution remain key investor concerns. Intel Just Made a $2.3 Billion Quantum Buy
• Negative Sentiment: Intel forecast fourth-quarter revenue of $15 billion to $16 billion and adjusted EPS of about $0.25, well below analyst expectations of roughly $17.29 billion in revenue and $0.45 EPS. Intel Shares Tumble on Lower Profit, Weak Guidance
• Negative Sentiment: Management said the PC slowdown is expected to continue at least through the first half of next year. Client Computing and Physical AI revenue fell 5% year over year, and an explosion at an Intel facility in Israel added to near-term operational uncertainty. Intel Forecast Disappoints as PC Weakness Weighs

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Piper Sandler started coverage on Intel in a research note on Wednesday, September 9th. They issued a "neutral" rating and a $110.00 price target for the company. Robert W. Baird lifted their price objective on shares of Intel from $75.00 to $125.00 and gave the company a "neutral" rating in a research note on Friday, July 24th. DA Davidson upped their price objective on shares of Intel from $77.00 to $100.00 and gave the stock a "neutral" rating in a report on Friday, July 24th. Roth Capital increased their target price on shares of Intel from $100.00 to $120.00 and gave the company a "buy" rating in a research report on Friday, July 24th. Finally, TD Cowen decreased their target price on shares of Intel from $115.00 to $95.00 and set a "hold" rating for the company in a research report on Monday, October 19th. Two research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, twenty-six have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $108.23.

Intel Stock Down 3.6%

Shares of INTC stock opened at $92.07 on Friday. Intel Corporation has a 1 year low of $32.89 and a 1 year high of $142.35. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.25 and a current ratio of 1.60. The business's fifty day moving average is $101.63 and its 200-day moving average is $86.25. The stock has a market cap of $464.40 billion, a PE ratio of -43.63, a price-to-earnings-growth ratio of 10.14 and a beta of 2.22.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The chip maker reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.11. Intel had a positive return on equity of 2.62% and a negative net margin of 19.79%. The business 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 firm posted $0.23 earnings per share. The company's revenue was up 20.9% on a year-over-year basis. Equities analysts expect that Intel Corporation will post 1.05 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Intel news, CEO Lip Bu Tan purchased 105,263 shares of the company's stock in a transaction on Tuesday, August 11th. The shares were purchased at an average cost of $95.00 per share, for a total transaction of $9,999,985.00. Following the completion of the transaction, the chief executive officer owned 1,314,669 shares in the company, valued at $124,893,555. The trade was a 8.70% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.05% of the company's stock.

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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