Intel Corporation $INTC Stock Bought by King Luther Capital Management Corp

Key Points

• King Luther Capital Management increased its Intel stake by 200% in the third quarter, adding 89,241 shares to reach 133,861 shares valued at about $16.1 million.
• Intel reported quarterly EPS of $0.52, beating the $0.41 consensus estimate, while revenue of $16.51 billion narrowly missed forecasts; revenue rose 20.9% year over year.
• CEO Lip-Bu Tan bought 150,000 shares for about $9.7 million. Analysts’ consensus rating is Hold, with an average price target of $96.93.

King Luther Capital Management Corp increased its holdings in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 200.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 133,861 shares of the chip maker's stock after buying an additional 89,241 shares during the quarter. King Luther Capital Management Corp's holdings in Intel were worth $16,094,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of INTC. State Street Corp grew its holdings in shares of Intel by 1.2% during the 2nd quarter. State Street Corp now owns 216,849,675 shares of the chip maker's stock valued at $30,278,720,000 after purchasing an additional 2,528,657 shares during the last quarter. Primecap Management Co. CA acquired a new position in Intel during the 2nd quarter worth approximately $10,507,291,000. 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 valued at $4,429,673,000 after purchasing an additional 8,342,514 shares during the last quarter. Legal & General Group Plc bought a new position in Intel in the 2nd quarter valued at approximately $4,096,110,000. Finally, Assenagon Asset Management S.A. lifted its stake in Intel by 87.1% in 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 during the last quarter. 64.53% of the stock is currently owned by institutional investors.

Intel Stock Performance

Shares of Intel stock opened at $61.20 on Friday. The stock has a market cap of $325.28 billion, a price-to-earnings ratio of -25.39, a P/E/G ratio of 6.68 and a beta of 2.42. Intel Corporation has a twelve month low of $32.89 and a twelve month high of $142.35. The company's fifty day moving average is $95.61 and its 200 day moving average is $86.83. The company has a quick ratio of 1.95, a current ratio of 2.31 and a debt-to-equity ratio of 0.47.

Intel (NASDAQ:INTC - Get Free Report) last announced its earnings results on Thursday, October 29th. The chip maker reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.11. The business had revenue of $16.51 billion during 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%. Intel's revenue for the quarter was up 20.9% compared to the same quarter last year. During the same period last year, the company earned $0.23 EPS. Sell-side analysts forecast that Intel Corporation will post 1.04 EPS for the current year.

Insider Buying and Selling at Intel

In other news, CEO Lip Tan purchased 150,000 shares of the stock in a transaction on Monday, November 2nd. The stock was purchased at an average price 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 in the company, 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.05% of the company's stock.

Intel News Summary

Here's some of the latest news about INTC:

• Positive Sentiment: CEO Lip-Bu Tan bought about $9.7 million of Intel shares, a show of confidence in the company after its steep recent decline. Insider purchases can bolster sentiment, though they do not guarantee a turnaround. Intel CEO stock purchase
• Neutral Sentiment: Tan described a potential pullback in the AI boom as “healthy” and urged discipline, comments that support a measured long-term view but may temper expectations for near-term AI-related growth. Intel CEO on the AI boom
• Negative Sentiment: A law firm announced an investor-claims investigation, adding a legal-risk headline. Separately, coverage points to PC weakness, cash burn and falling estimates as ongoing challenges despite strong server demand. Investor investigation announcement Intel’s operating challenges

Wall Street Analysts Forecast Growth

INTC has been the topic of a number of research reports. Wall Street Zen cut shares of Intel from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Zacks Research upgraded Intel from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 26th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $100.00 price target on shares of Intel in a research note on Sunday, October 25th. Truist Financial cut their price objective on Intel from $108.00 to $72.00 and set a "hold" rating on the stock in a report on Friday, October 30th. Finally, UBS Group lowered Intel from a "buy" rating to a "hold" rating and set a $90.00 price objective 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 given a Buy rating, twenty-eight have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $96.93.

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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