Intel Corporation $INTC Shares Sold by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada reduced its Intel stake by 27.1% in the third quarter, selling 100,429 shares and retaining 269,560 shares valued at approximately $32.64 million. Institutional investors and hedge funds collectively own 64.53% of Intel.
• Intel shares opened at $89.85, down 5.8%, while the company reported quarterly EPS of $0.42 versus the $0.21 consensus estimate and revenue of $16.13 billion, up 25.2% year over year.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $109.06; meanwhile, CEO Lip-Bu Tan purchased about $10 million of Intel stock, increasing his direct ownership by 8.7%.

TD Waterhouse Canada Inc. trimmed its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 27.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 269,560 shares of the chip maker's stock after selling 100,429 shares during the period. TD Waterhouse Canada Inc.'s holdings in Intel were worth $32,640,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Financial Life Planners acquired a new stake in Intel during the 1st quarter worth about $25,000. Montgomery Financial Services LLC purchased a new stake in Intel during the second quarter valued at about $26,000. Glynn Capital Management LLC purchased a new stake in Intel during the second quarter valued at about $29,000. Knuff & Co LLC purchased a new stake in Intel during the second quarter valued at about $29,000. Finally, Osbon Capital Management LLC acquired a new position in shares of Intel in the fourth quarter worth about $30,000. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Stock Down 5.8%

NASDAQ:INTC opened at $89.85 on Friday. The firm has a market capitalization of $453.20 billion, a price-to-earnings ratio of -42.58, a PEG ratio of 9.57 and a beta of 2.22. Intel Corporation has a 1-year low of $32.89 and a 1-year high of $142.35. The company has a current ratio of 1.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.47. The business's fifty day moving average price is $103.05 and its 200 day moving average price is $101.31.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The chip maker reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.21. Intel had a positive return on equity of 2.62% and a negative net margin of 19.79%. The firm had revenue of $16.13 billion during the quarter, compared to the consensus estimate of $14.43 billion. During the same period in the prior year, the business earned ($0.10) EPS. The business's revenue for the quarter was up 25.2% on a year-over-year basis. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. On average, sell-side analysts forecast that Intel Corporation will post 1.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Tigress Financial lifted their target price on shares of Intel from $118.00 to $145.00 and gave the stock a "buy" rating in a research report on Tuesday, September 15th. Wall Street Zen lowered shares of Intel from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. JPMorgan Chase & Co. upped their price target on shares of Intel from $45.00 to $85.00 and gave the company an "underweight" rating in a research report on Friday, July 24th. DA Davidson upped their price target on shares of Intel from $77.00 to $100.00 and gave the company a "neutral" rating in a research report on Friday, July 24th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, twenty-seven have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $109.06.

Key Stories Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel’s history of exceeding earnings estimates and favorable revenue and earnings trends are prompting analysts to argue that the company could deliver another quarterly beat. Will Intel Beat Estimates Again in Its Next Earnings Report?
• Positive Sentiment: Consumer research from LikeFolio indicates improving sentiment toward Intel, suggesting demand for its products remains resilient even as Nvidia introduces competing laptops. Consumer Sentiment Surge Follows Stock Trends
• Positive Sentiment: One prominent analyst sees substantial upside if Intel successfully executes its foundry strategy and wins advanced AI-chip manufacturing business, although that thesis depends on an unproven turnaround. Analyst Says Intel Could Double
• Neutral Sentiment: The administration’s new review of AI risks could lead to future regulation of AI systems and data centers. The report is not an Intel-specific development, but could affect demand for AI infrastructure over time. Trump Task Force Orders Report on AI Dangers
• Negative Sentiment: A broad rotation out of AI and semiconductor stocks is pressuring Intel, AMD and other chipmakers as investors question AI infrastructure valuations, financing conditions and the durability of spending. Rotation Out of AI Chip Stocks Continues
• Negative Sentiment: Investors are also weighing competitive and operational risks: TSMC suggested it could support customers if Intel’s advanced-packaging ramp falls short, while an explosion and fire at Intel’s Kiryat Gat facility in Israel added company-specific uncertainty. Reports of progress by Chinese rival CXMT further intensified concerns about Intel’s competitive position. TSMC Comments on Intel Packaging Ramp

Insider Buying and Selling at Intel

In other Intel news, CEO Lip Bu Tan bought 105,263 shares of the company's stock in a transaction dated Tuesday, August 11th. The shares were bought at an average price of $95.00 per share, for a total transaction of $9,999,985.00. Following the acquisition, the chief executive officer directly owned 1,314,669 shares of the company's stock, valued at approximately $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 can be accessed through this hyperlink. 0.05% of the stock is owned by corporate insiders.

Intel Company 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.

Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Corporation (NASDAQ:INTC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.