Intel Corporation $INTC Stock: Avestar Capital LLC Reduces Position

Avestar Capital LLC decreased its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 18.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 33,811 shares of the chip maker's stock after selling 7,761 shares during the quarter. Avestar Capital LLC's holdings in Intel were worth $4,065,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Montgomery Financial Services LLC acquired a new position in shares of Intel during the second quarter valued at about $26,000. Glynn Capital Management LLC acquired a new position in shares of Intel during the 2nd quarter worth about $29,000. Knuff & Co LLC purchased a new stake in shares of Intel in the second quarter valued at about $29,000. Beaird Harris Wealth Management LLC lifted its stake in shares of Intel by 3,185.7% in the 2nd quarter. Beaird Harris Wealth Management LLC now owns 230 shares of the chip maker's stock worth $32,000 after acquiring an additional 223 shares during the period. Finally, Aventus Investment Advisors Inc. acquired a new position in Intel during the second quarter worth about $33,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Intel

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

More 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

Intel Stock Performance

Shares of NASDAQ INTC opened at $65.76 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.25 and a current ratio of 1.60. The company has a market capitalization of $331.69 billion, a PE ratio of -27.29, a price-to-earnings-growth ratio of 9.78 and a beta of 2.22. The company's fifty day moving average price is $101.10 and its 200 day moving average price is $86.36. Intel Corporation has a 1 year low of $32.89 and a 1 year high of $142.35.

Intel (NASDAQ:INTC - Get Free Report) last announced its earnings results on Thursday, October 29th. The chip maker reported $0.52 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.11. Intel had a negative net margin of 20.09% and a positive return on equity of 4.55%. The business had revenue of $16.51 billion during the quarter, compared to analysts' expectations of $16.56 billion. During the same period in the prior year, the company earned $0.23 earnings per share. The business's revenue was up 20.9% compared to the same quarter last year. On average, research analysts predict that Intel Corporation will post 1.05 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on INTC shares. Susquehanna reduced their price target on Intel from $105.00 to $75.00 and set a "neutral" rating for the company in a report on Friday. Barclays upgraded shares of Intel from a "hold" rating to an "overweight" rating in a research report on Wednesday, September 16th. Truist Financial lowered their price target on shares of Intel from $108.00 to $72.00 and set a "hold" rating for the company in a research report on Friday. Bank of America lowered shares of Intel from a "buy" rating to a "neutral" rating and lowered their price target for the company from $145.00 to $100.00 in a research note on Friday. Finally, Zacks Research upgraded Intel from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 26th. Two investment 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 assigned a Sell rating to the stock. Based on data from MarketBeat, Intel has an average rating of "Hold" and a consensus price target of $97.86.

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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