Intel Corporation $INTC Shares Sold by Heritage Investors Management Corp

Key Points

• Heritage Investors Management Corp. cut its Intel position by 4% in the third quarter, selling 16,827 shares and retaining 405,578 shares worth approximately $48.8 million. Institutional investors collectively own 64.53% of Intel.
• Intel exceeded third-quarter earnings expectations, reporting adjusted EPS of $0.52 versus the $0.41 consensus, while revenue rose 20.9% year over year to $16.51 billion. However, fourth-quarter guidance fell well below expectations amid weaker PC demand, supply constraints and higher costs.
• Analysts have generally turned more cautious, with several firms cutting price targets and ratings; Intel’s consensus rating is Hold with an average price target of $97.86. CEO Lip-Bu Tan separately purchased roughly $10 million of Intel stock.

Heritage Investors Management Corp lowered its position in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 4.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 405,578 shares of the chip maker's stock after selling 16,827 shares during the quarter. Intel comprises approximately 1.4% of Heritage Investors Management Corp's holdings, making the stock its 15th largest holding. Heritage Investors Management Corp's holdings in Intel were worth $48,763,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of INTC. Vestor Capital LLC purchased a new stake in shares of Intel in the first quarter worth about $9,441,000. World Investment Advisors grew its stake in shares of Intel by 11.2% in the first quarter. World Investment Advisors now owns 62,876 shares of the chip maker's stock valued at $2,775,000 after buying an additional 6,326 shares in the last quarter. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Intel in the second quarter valued at about $4,995,000. Western Wealth Management LLC raised its holdings in shares of Intel by 57.7% during the 1st quarter. Western Wealth Management LLC now owns 21,223 shares of the chip maker's stock valued at $937,000 after buying an additional 7,764 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Intel by 4.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,493,552 shares of the chip maker's stock valued at $208,541,000 after buying an additional 67,588 shares during the period. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Price Performance

Shares of NASDAQ INTC opened at $65.76 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.86 and a current ratio of 2.21. Intel Corporation has a 1 year low of $32.89 and a 1 year high of $142.35. The stock's 50-day simple moving average is $101.10 and its 200-day simple moving average is $86.36. The firm has a market cap of $331.69 billion, a price-to-earnings ratio of -27.29, a PEG ratio of 6.85 and a beta of 2.42.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The chip maker reported $0.52 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.11. The firm had revenue of $16.51 billion for the quarter, compared to the consensus estimate of $16.56 billion. Intel had a negative net margin of 20.09% and a positive return on equity of 4.42%. The firm's revenue was up 20.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.23 EPS. As a group, equities analysts anticipate that Intel Corporation will post 1.07 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Lip Bu Tan purchased 105,263 shares of the company's stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average cost of $95.00 per share, for a total transaction of $9,999,985.00. Following the transaction, the chief executive officer owned 1,314,669 shares of the company's stock, valued at $124,893,555. This trade represents a 8.70% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.05% of the stock is currently owned by insiders.

Key Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel exceeded third-quarter expectations, reporting adjusted earnings of $0.52 per share versus a roughly $0.41 consensus estimate. Revenue increased 21% year over year to approximately $16.5 billion. Intel third-quarter earnings report
• Positive Sentiment: Data Center and AI revenue rose 78% to $7.3 billion, while Intel Foundry revenue increased 58% to $6.7 billion. CEO Lip-Bu Tan also highlighted the potential for AI agents to expand the server CPU market. Intel server and AI revenue coverage
• Neutral Sentiment: Intel agreed to acquire Israeli quantum software company Classiq Technologies for about $2.3 billion, seeking to build a full-stack quantum-computing business. The deal may provide a long-term growth option but adds to near-term spending and execution demands. Intel Classiq acquisition
• Negative Sentiment: Fourth-quarter guidance was well below Wall Street expectations: revenue is projected at $15 billion-$16 billion, versus approximately $17.1 billion expected, with adjusted earnings of about $0.25 per share versus roughly $0.45 expected. Management said the PC slowdown could persist through at least the first half of 2027. Reuters Intel outlook report
• Negative Sentiment: Memory shortages and higher component prices are making PCs more expensive, while Intel expects client-computing revenue to weaken. A blast at its Israel facility is expected to cause roughly $300 million-$600 million in revenue disruption, adding to manufacturing constraints. Intel PC slowdown and Israel facility report
• Negative Sentiment: Analysts responded with multiple downgrades and price-target reductions, citing weak PC demand, supply bottlenecks, lower margins, heavy foundry investment and the risk that Intel may not generate free cash flow in 2027. The outlook also triggered a broad semiconductor selloff, pressuring AMD, Nvidia, Broadcom and other chip stocks. Analyst reactions to Intel earnings

Analysts Set New Price Targets

Several research firms recently commented on INTC. Citigroup reduced their price target on Intel from $130.00 to $100.00 and set a "buy" rating on the stock in a research report on Friday. UBS Group cut Intel from a "buy" rating to a "hold" rating and set a $90.00 price target for the company. in a report on Friday. Wells Fargo & Company lowered their price objective on shares of Intel from $120.00 to $80.00 and set an "equal weight" rating for the company in a research report on Friday. The Goldman Sachs Group reiterated a "neutral" rating and set a $100.00 price objective on shares of Intel in a research note on Friday. Finally, Wedbush reissued a "neutral" rating and set a $98.00 target price on shares of Intel in a research report on Tuesday, October 27th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, twenty-seven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Intel has an average rating of "Hold" and a consensus price target of $97.86.

About Intel

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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