Intel Corporation $INTC Stock Bought by AlphaCore Capital LLC

Key Points

• AlphaCore Capital increased its Intel stake by 29.9% in the third quarter, adding 10,234 shares to bring its holdings to 44,428 shares, valued at about $5.34 million.
• Institutional investors own 64.53% of Intel shares, and CEO Lip-Bu Tan purchased 150,000 shares for approximately $9.71 million.
• Analysts’ consensus rating is Hold, with an average price target of $97.42; Intel beat quarterly EPS estimates, while revenue came in slightly below expectations.

AlphaCore Capital LLC increased its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 29.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,428 shares of the chip maker's stock after purchasing an additional 10,234 shares during the quarter. AlphaCore Capital LLC's holdings in Intel were worth $5,342,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vestor Capital LLC acquired a new stake in shares of Intel in the first quarter worth $9,441,000. University of Texas Texas AM Investment Management Co. acquired a new position in Intel during the second quarter valued at $4,995,000. Western Wealth Management LLC raised its position in Intel by 57.7% during the first quarter. Western Wealth Management LLC now owns 21,223 shares of the chip maker's stock valued at $937,000 after buying an additional 7,764 shares during the period. Envestnet Asset Management Inc. raised its position in Intel by 4.7% during the second quarter. Envestnet Asset Management Inc. now owns 1,493,552 shares of the chip maker's stock valued at $208,541,000 after buying an additional 67,588 shares during the period. Finally, Bank of America Corp DE lifted its stake in Intel by 35.7% in the 2nd quarter. Bank of America Corp DE now owns 31,724,362 shares of the chip maker's stock worth $4,429,673,000 after acquiring an additional 8,342,514 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on INTC shares. Weiss Ratings upgraded Intel from a "sell (d)" rating to a "sell (d+)" rating in a research report on Wednesday, November 4th. Wall Street Zen downgraded Intel from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Stifel Nicolaus set a $90.00 price target on shares of Intel in a research report on Friday, October 30th. Cantor Fitzgerald reduced their price target on shares of Intel from $125.00 to $90.00 and set a "neutral" rating for the company in a research report on Friday, October 30th. Finally, Wells Fargo & Company decreased their price target on shares of Intel from $120.00 to $80.00 and set an "equal weight" rating for the company in a report on Friday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, twenty-eight have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $97.42.

Insider Buying and Selling

In other Intel news, CEO Lip Tan purchased 150,000 shares of the company's stock in a transaction dated 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 purchase, 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 position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.05% of the stock is owned by corporate insiders.

Trending Headlines about Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel and Altera announced a collaboration focused on edge computing and physical AI industries, extending Intel’s push to develop AI opportunities beyond traditional data centers. Intel, Altera announce collaboration for Edge, Physical AI industries
• Positive Sentiment: RBC says Intel management expects 2027 to be a growth year, with data-center strength potentially more than offsetting PC weakness. This supports the longer-term turnaround case, though it does not remove near-term execution risks. Intel Sees 2027 Growth as Data-Center Strength Offsets PC Weakness, RBC Says
• Neutral Sentiment: CEO Lip-Bu Tan recently bought 150,000 Intel shares, worth about $9.71 million. The insider purchase may signal confidence, but it has not quelled investor concerns about the company’s outlook. CEO Lip-Bu Tan’s 150,000-Share Purchase
• Negative Sentiment: Reports pointed to Intel’s weak fourth-quarter outlook, an expected decline in gross margin, and ongoing PC-market weakness. Hot inflation data and a fading chip rally added pressure to sentiment. Intel Stocks Fall as Chip Rally Fades and PC Slump Clouds Q4
• Negative Sentiment: Pomerantz LLP said it is investigating potential claims on behalf of Intel investors. The announcement may add legal uncertainty, but it does not establish that Intel did anything wrong. Pomerantz Law Firm Investigates Claims on Behalf of Intel Investors

Intel Stock Down 2.1%

Shares of Intel stock opened at $58.13 on Wednesday. The firm has a market cap of $308.96 billion, a price-to-earnings ratio of 64.53, a P/E/G ratio of 6.35 and a beta of 2.42. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.31 and a quick ratio of 1.95. Intel Corporation has a 52-week low of $32.89 and a 52-week high of $142.35. The stock has a 50-day simple moving average of $96.72 and a 200-day simple moving average of $86.64.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The chip maker reported $0.52 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $16.56 billion. During the same quarter in the previous year, the business posted $0.23 EPS. The firm's quarterly revenue was up 20.9% compared to the same quarter last year. On average, equities research analysts expect that Intel Corporation will post 1.04 earnings per share for the current fiscal year.

Intel 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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