Intel Corporation $INTC Stock Bought by Illinois Municipal Retirement Fund

Key Points

• Illinois Municipal Retirement Fund increased its Intel stake by 22.2% in the third quarter, adding 29,522 shares to hold 162,217 shares valued at about $19.5 million.
• Intel CEO Lip-Bu Tan bought 150,000 shares for approximately $9.71 million. Analyst views remain mixed, with a consensus rating of “Hold” and an average price target of $97.42.
• Intel’s latest quarterly EPS beat estimates ($0.52 versus $0.41), while revenue of $16.51 billion narrowly missed forecasts; revenue was up 20.9% year over year.

Illinois Municipal Retirement Fund boosted its position in Intel Corporation (NASDAQ:INTC - Free Report) by 22.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 162,217 shares of the chip maker's stock after purchasing an additional 29,522 shares during the period. Illinois Municipal Retirement Fund's holdings in Intel were worth $19,503,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Northbridge Financial Group LLC boosted its holdings in Intel by 75.7% in the 3rd quarter. Northbridge Financial Group LLC now owns 5,891 shares of the chip maker's stock worth $663,000 after buying an additional 2,538 shares during the period. Confluence Wealth Services Inc. grew its stake in Intel by 2.8% in the 3rd quarter. Confluence Wealth Services Inc. now owns 30,661 shares of the chip maker's stock valued at $3,686,000 after buying an additional 840 shares in the last quarter. AMG National Trust Bank raised its holdings in Intel by 5.1% during the 3rd quarter. AMG National Trust Bank now owns 35,138 shares of the chip maker's stock valued at $4,225,000 after acquiring an additional 1,694 shares during the period. Moneco Advisors LLC raised its holdings in Intel by 1.3% during the 3rd quarter. Moneco Advisors LLC now owns 14,730 shares of the chip maker's stock valued at $1,771,000 after acquiring an additional 192 shares during the period. Finally, Narwhal Capital Management raised its holdings in Intel by 4.7% during the 3rd quarter. Narwhal Capital Management now owns 5,639 shares of the chip maker's stock valued at $678,000 after acquiring an additional 255 shares during the period. 64.53% of the stock is owned by institutional investors.

Insider Transactions at Intel

In other Intel news, CEO Lip Tan purchased 150,000 shares of Intel stock in a transaction on Monday, November 2nd. The shares were acquired at an average cost of $64.73 per share, for a total transaction of $9,709,500.00. Following the completion of the transaction, the chief executive officer directly owned 1,464,669 shares of the company's stock, valued at approximately $94,808,024.37. The trade was a 11.41% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.05% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

INTC has been the subject of several recent research reports. UBS Group cut Intel from a "buy" rating to a "hold" rating and set a $90.00 price target for the company. in a research report on Friday, October 30th. KGI Securities raised Intel from a "neutral" rating to an "outperform" rating and set a $95.00 price objective on the stock in a report on Friday, October 30th. TD Cowen dropped their price objective on Intel from $95.00 to $75.00 and set a "hold" rating on the stock in a report on Friday, October 30th. Barclays upgraded Intel from a "hold" rating to an "overweight" rating in a research note on Wednesday, September 16th. Finally, KeyCorp reduced their target price on Intel from $155.00 to $140.00 and set an "overweight" rating for the company in a report on Friday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, twenty-eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $97.42.

Key Stories Impacting 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 Trading Down 2.1%

Shares of INTC stock opened at $58.13 on Wednesday. The business has a 50-day moving average price of $96.72 and a two-hundred day moving average price of $86.64. Intel Corporation has a 12-month low of $32.89 and a 12-month high of $142.35. The company has a quick ratio of 1.95, a current ratio of 2.31 and a debt-to-equity ratio of 0.47. The firm has a market cap of $308.96 billion, a P/E ratio of -24.12, a price-to-earnings-growth ratio of 6.35 and a beta of 2.42.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The chip maker reported $0.52 EPS for the quarter, beating the consensus estimate of $0.41 by $0.11. The firm had revenue of $16.51 billion for the quarter, compared to analyst estimates of $16.56 billion. Intel had a positive return on equity of 4.70% and a negative net margin of 20.09%. The company's revenue was up 20.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.23 EPS. Equities analysts anticipate that Intel Corporation will post 1.04 EPS for the current fiscal year.

About Intel

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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