Intel Corporation $INTC Stock Bought by Cornerstone Advisors LLC

Key Points

• Cornerstone Advisors increased its Intel stake by 43.7% in the third quarter, adding 33,515 shares to hold 110,200 shares valued at about $13.25 million. Hedge funds and other institutions own 64.53% of Intel.
• Analysts’ overall view is cautious: Intel has a consensus “Hold” rating and a $96.93 average price target, with 28 analysts rating it Hold and 19 rating it Buy.
• Intel beat quarterly EPS estimates, reporting $0.52 per share versus $0.41 expected, while revenue rose 20.9% year over year to $16.51 billion. CEO Lip-Bu Tan also bought 150,000 shares for about $9.71 million.

Cornerstone Advisors LLC increased its position in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 43.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 110,200 shares of the chip maker's stock after acquiring an additional 33,515 shares during the period. Cornerstone Advisors LLC's holdings in Intel were worth $13,249,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Primecap Management Co. CA purchased a new position in shares of Intel during the 2nd quarter valued at $10,507,291,000. Legal & General Group Plc bought a new position in shares of Intel in the second quarter worth $4,096,110,000. Assenagon Asset Management S.A. raised its position in shares of Intel by 87.1% in the third quarter. Assenagon Asset Management S.A. now owns 30,214,769 shares of the chip maker's stock worth $3,632,722,000 after buying an additional 14,063,302 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Intel in the second quarter worth $1,848,438,000. Finally, Bank of America Corp DE raised its position in shares of Intel by 35.7% in the second quarter. Bank of America Corp DE now owns 31,724,362 shares of the chip maker's stock worth $4,429,673,000 after buying an additional 8,342,514 shares in the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

INTC has been the subject of several research analyst reports. Wedbush reissued a "neutral" rating and set a $98.00 price objective on shares of Intel in a research note on Tuesday, October 27th. Stifel Nicolaus set a $90.00 target price on Intel in a research note on Friday, October 30th. Truist Financial lowered 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. Robert W. Baird set a $83.00 price target on Intel in a research report on Friday, October 30th. Finally, Susquehanna dropped their price target on Intel from $105.00 to $75.00 and set a "neutral" rating for the company in a research report on Friday, October 30th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, twenty-eight have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, Intel presently has a consensus rating of "Hold" and a consensus target price of $96.93.

Intel News Summary

These are some of the INTC news items that stood out recently:

• 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: Some analysts and commentators remain cautious: one article argues AMD has stronger prospects and a more attractive valuation, while another recommends waiting for Intel’s fourth-quarter results. These concerns add to scrutiny of Intel’s valuation and turnaround execution. Article: AMD or Intel Article: Waiting for Intel’s Q4 numbers

Intel Stock Performance

NASDAQ INTC opened at $59.66 on Friday. Intel Corporation has a 52-week low of $32.89 and a 52-week high of $142.35. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.95 and a current ratio of 2.31. The company has a market capitalization of $317.09 billion, a P/E ratio of -24.76, a P/E/G ratio of 6.55 and a beta of 2.42. The company has a fifty day moving average of $94.97 and a 200-day moving average of $86.90.

Intel (NASDAQ:INTC - Get Free Report) last released 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 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 quarter in the prior year, the firm earned $0.23 earnings per share. The firm's revenue was up 20.9% on a year-over-year basis. As a group, equities research analysts predict that Intel Corporation will post 1.04 EPS for the current fiscal year.

Insider Activity

In other news, CEO Lip Tan acquired 150,000 shares of the business's stock in a transaction dated Monday, November 2nd. The stock was purchased 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 owned 1,464,669 shares of the company's stock, valued at $94,808,024.37. This trade represents a 11.41% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.05% of the company's stock.

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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