Intel Corporation $INTC Stock: AEGON ASSET MANAGEMENT UK Plc Raises Holdings

AEGON ASSET MANAGEMENT UK Plc grew its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 16.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 918,171 shares of the chip maker's stock after purchasing an additional 132,613 shares during the quarter. Intel makes up 1.1% of AEGON ASSET MANAGEMENT UK Plc's portfolio, making the stock its 23rd largest holding. AEGON ASSET MANAGEMENT UK Plc's holdings in Intel were worth $110,392,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp raised its holdings in Intel by 1.2% during the second 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 acquired a new stake in Intel in the second quarter worth approximately $10,507,291,000. Bank of America Corp DE boosted its stake in 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 purchasing an additional 8,342,514 shares in the last quarter. Legal & General Group Plc bought a new position in Intel during the 2nd quarter valued at $4,096,110,000. Finally, Assenagon Asset Management S.A. boosted its stake in Intel by 87.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 30,214,769 shares of the chip maker's stock valued at $3,632,722,000 after purchasing an additional 14,063,302 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Price Performance

Shares of NASDAQ:INTC opened at $59.37 on Tuesday. Intel Corporation has a one year low of $32.89 and a one year high of $142.35. The stock has a fifty day moving average of $97.35 and a 200-day moving average of $86.63. The company has a market capitalization of $315.55 billion, a PE ratio of -24.63, a price-to-earnings-growth ratio of 6.23 and a beta of 2.42. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.86 and a current ratio of 2.31.

Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results on Thursday, October 29th. The chip maker reported $0.52 earnings per share (EPS) for the quarter, topping 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 business had revenue of $16.51 billion for the quarter, compared to analysts' expectations of $16.56 billion. During the same period in the previous year, the firm posted $0.23 EPS. The company's quarterly revenue was up 20.9% on a year-over-year basis. As a group, equities analysts anticipate that Intel Corporation will post 1.04 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Lip Tan acquired 150,000 shares of the stock in a transaction on Monday, November 2nd. The shares were purchased at an average cost of $64.73 per share, for a total transaction of $9,709,500.00. Following the transaction, the chief executive officer owned 1,464,669 shares in the company, valued at approximately $94,808,024.37. This trade represents a 11.41% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.05% of the company's stock.

Intel News Summary

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel is collaborating with ZKH’s LingLong Intelligence on an industrial AI model that combines Intel edge processors with industrial data for use in factories and warehouses. The partnership could help Intel grow beyond traditional data-center markets, though the reports provide no near-term revenue estimates. Why Is Intel Pushing Deeper Into Industrial AI With New Edge Tools?
• Neutral Sentiment: Chip shares broadly recovered after a recent selloff, while Nvidia faced reports of a board investigation involving its CEO. That helped keep attention on alternatives such as Intel, but the coverage described Intel as holding steady amid the rival’s decline. NVIDIA Falls as Board Probes CEO; Intel Holds Steady
• Negative Sentiment: Democratic election wins in states with major data-center projects raised investor concerns about tougher AI regulation and constraints on the buildout. That uncertainty has weighed on AI-linked and semiconductor stocks, including Intel. Election Results and the AI Data Center Trade
• Negative Sentiment: Analysts also point to Intel’s weak fourth-quarter earnings outlook and China-related headwinds. Intel’s projected forward earnings multiple is higher than Nvidia’s in one comparison, raising questions about valuation given its ongoing turnaround and money-losing foundry business. Intel Stock Down 57% in the Past 6 Months: Should You Exercise Caution?

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Piper Sandler started coverage on Intel in a research report on Wednesday, September 9th. They set a "neutral" rating and a $110.00 price target on the stock. Weiss Ratings upgraded Intel from a "sell (d)" rating to a "sell (d+)" rating in a report on Wednesday, November 4th. Zacks Research raised Intel from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 26th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $100.00 target price on shares of Intel in a report on Sunday, October 25th. Finally, Citigroup dropped their price target on shares of Intel from $130.00 to $100.00 and set a "buy" rating on the stock in a research report on Friday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, twenty-eight have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $97.42.

Intel Company Profile

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