Intel Corporation $INTC Stock Acquired by Kestra Advisory Services LLC

Key Points

• Kestra Advisory Services increased its Intel stake by 3.0% in the third quarter, adding 15,385 shares to hold 524,525 shares valued at about $63.1 million.
• Other major investors also adjusted or increased their positions, and institutional investors collectively own 64.53% of Intel. CEO Lip-Bu Tan separately bought 150,000 shares for approximately $9.7 million.
• Intel beat quarterly EPS estimates and reported 20.9% year-over-year revenue growth, but its fourth-quarter revenue outlook fell short of expectations. Analysts’ consensus rating is “Hold,” with an average price target of $97.42.

Kestra Advisory Services LLC boosted its position in Intel Corporation (NASDAQ:INTC - Free Report) by 3.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 524,525 shares of the chip maker's stock after acquiring an additional 15,385 shares during the quarter. Kestra Advisory Services LLC's holdings in Intel were worth $63,064,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in INTC. State Street Corp boosted its holdings in shares of Intel by 1.2% in the 2nd quarter. State Street Corp now owns 216,849,675 shares of the chip maker's stock worth $30,278,720,000 after purchasing an additional 2,528,657 shares in the last quarter. Primecap Management Co. CA bought a new position in shares of Intel during the 2nd quarter valued at about $10,507,291,000. Amundi raised its holdings in shares of Intel by 14.9% during the 1st quarter. Amundi now owns 38,969,192 shares of the chip maker's stock valued at $1,719,710,000 after buying an additional 5,045,936 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Intel by 35.7% during the 2nd quarter. Bank of America Corp DE now owns 31,724,362 shares of the chip maker's stock valued at $4,429,673,000 after buying an additional 8,342,514 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Intel by 0.4% during the 1st quarter. Bank of New York Mellon Corp now owns 30,700,929 shares of the chip maker's stock valued at $1,354,832,000 after buying an additional 112,054 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company's stock.

Key Headlines Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: CEO Lip-Bu Tan bought 150,000 shares for about $9.7 million, increasing his holdings by 11.4%. The purchase may signal confidence in Intel’s recovery, although the stock was below his purchase price afterward. Details on the CEO’s stock purchase
• Positive Sentiment: Intel is seeing brisk demand for server CPUs, with demand expected to exceed supply for the next couple of years. Its collaboration with Oracle could help sustain growth in its data-center business. Intel and Oracle collaboration
• Negative Sentiment: The main pressure was Intel’s fourth-quarter revenue forecast of $15 billion to $16 billion, which was below expectations. The outlook weighed on shares despite strong server demand, as investors assessed whether revenue growth can keep pace with expectations. Report on Intel’s fourth-quarter outlook
• Negative Sentiment: A wider semiconductor selloff added to the pressure. Investors worried that election outcomes and proposed policy changes could slow data-center construction, potentially putting a brake on AI-related infrastructure spending that supports chip demand. Analysis of political concerns and chip stocks

Insider Activity at Intel

In other news, CEO Lip Tan purchased 150,000 shares of the stock in a transaction that occurred on Monday, November 2nd. The stock was bought at an average cost 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 of the company's stock, valued at $94,808,024.37. This represents a 11.41% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.05% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

INTC has been the subject of a number of recent research reports. Sanford C. Bernstein upgraded shares of Intel from a "hold" rating to an "outperform" rating in a report on Monday, October 19th. Wells Fargo & Company reduced their target price on shares of Intel from $120.00 to $80.00 and set an "equal weight" rating on the stock in a report on Friday, October 30th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $100.00 target price on shares of Intel in a research report on Friday, October 30th. Rosenblatt Securities lowered their price target on shares of Intel from $80.00 to $70.00 and set a "sell" rating for the company in a research note on Friday, October 30th. Finally, Cantor Fitzgerald lowered their price target on shares of Intel from $125.00 to $90.00 and set a "neutral" rating for the company in a research note on Friday, October 30th. Two research 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 issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $97.42.

Intel Price Performance

Shares of Intel stock opened at $52.25 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.31 and a quick ratio of 1.86. The business's 50 day simple moving average is $98.66 and its two-hundred day simple moving average is $86.56. The stock has a market capitalization of $277.71 billion, a P/E ratio of -21.68, a price-to-earnings-growth ratio of 6.23 and a beta of 2.42. Intel Corporation has a one year low of $32.89 and a one year high of $142.35.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The chip maker reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.11. Intel had a positive return on equity of 4.70% and a negative net margin of 20.09%. The firm 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 business's quarterly revenue was up 20.9% compared to the same quarter last year. Analysts forecast that Intel Corporation will post 1.04 EPS for the current year.

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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