Intel Corporation $INTC Stock Acquired by Danske Bank A S

Key Points

• Danske Bank increased its Intel stake by 0.6% in the third quarter, adding 15,177 shares to reach 2,761,484 shares valued at about $332 million.
• Intel reported quarterly earnings of $0.52 per share, beating the $0.41 analyst estimate, while revenue of $16.51 billion came in slightly below expectations.
• CEO Lip-Bu Tan bought 150,000 Intel shares for about $9.7 million. Analysts’ consensus rating was “Hold,” with an average price target of $96.93.

Danske Bank A S lifted its position in Intel Corporation (NASDAQ:INTC - Free Report) by 0.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,761,484 shares of the chip maker's stock after acquiring an additional 15,177 shares during the period. Intel accounts for 0.7% of Danske Bank A S's holdings, making the stock its 22nd largest position. Danske Bank A S owned about 0.05% of Intel worth $332,013,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. ABS Investment Management LLC purchased a new position in Intel during the second quarter worth approximately $694,101,000. Montgomery Financial Services LLC purchased a new stake in Intel in the 2nd quarter valued at $26,000. Knuff & Co LLC purchased a new stake in Intel in the 2nd quarter valued at $29,000. Glynn Capital Management LLC acquired a new stake in shares of Intel in the 2nd quarter worth $29,000. Finally, Pathway Financial Advisers LLC acquired a new stake in shares of Intel in the 3rd quarter worth $25,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Trading Down 2.5%

Shares of INTC traded down $1.54 during trading on Friday, reaching $59.66. 102,211,925 shares of the company traded hands, compared to its average volume of 146,395,888. Intel Corporation has a twelve month low of $32.89 and a twelve month high of $142.35. The stock has a market cap of $317.09 billion, a PE ratio of -24.76, a price-to-earnings-growth ratio of 6.55 and a beta of 2.42. The stock has a 50-day simple moving average of $94.97 and a 200-day simple moving average of $86.90. The company has a quick ratio of 1.95, a current ratio of 2.31 and a debt-to-equity ratio of 0.47.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The chip maker reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.11. The company had revenue of $16.51 billion for the quarter, compared to analysts' expectations of $16.56 billion. Intel had a positive return on equity of 4.70% and a negative net margin of 20.09%. 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 earned $0.23 earnings per share. On average, analysts anticipate that Intel Corporation will post 1.04 earnings per share for the current year.

Insider Activity

In related news, CEO Lip Tan purchased 150,000 shares of the business's stock in a transaction on Monday, November 2nd. The shares were bought at an average price of $64.73 per share, for a total transaction of $9,709,500.00. Following the acquisition, the chief executive officer directly owned 1,464,669 shares in the company, valued at $94,808,024.37. This trade represents a 11.41% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.05% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on INTC. Truist Financial reduced their price target on Intel from $108.00 to $72.00 and set a "hold" rating on the stock in a report on Friday, October 30th. Citigroup cut their price objective on shares of Intel from $130.00 to $100.00 and set a "buy" rating for the company in a research report on Friday, October 30th. Evercore reaffirmed an "outperform" rating and set a $133.00 target price on shares of Intel in a research note on Friday, October 30th. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a report on Tuesday, October 27th. Finally, Daiwa Securities Group cut shares of Intel from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, twenty-eight have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $96.93.

Intel News Roundup

Here's some of the latest news about INTC:

• Positive Sentiment: Intel drew about $79 million in net ETF buying on Nov. 11, with 54 ETFs adding shares and 11 selling—a source of buying interest amid recent volatility. Article: Intel sees ETF buying
• Neutral Sentiment: CEO Lip-Bu Tan said AI workloads could revive demand for CPUs, with inference and agentic computing supporting a potential “CPU renaissance.” However, he also warned of a possible healthy AI-market pullback and worsening memory shortages, tempering the outlook. Article: Intel CEO on CPU demand
• Negative Sentiment: Intel fell alongside other chipmakers as technology stocks weakened, with investors assessing inflation data and uncertainty across the semiconductor sector. Article: Chip stocks slide

Intel Company 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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