Intel Corporation $INTC Stock: Calamos Advisors LLC Decreases Holdings

Key Points

• Calamos Advisors cut its Intel stake by 4.6% in the third quarter, selling 58,156 shares; it still held 1.21 million shares valued at about $145.5 million.
• Institutional investors’ moves were mixed: Bank of America increased its position by 35.7%, while Intel CEO Lip-Bu Tan bought 150,000 shares for about $9.7 million.
• Analyst views remain divided, with Intel carrying an average “Hold” rating and a $97.42 average price target. The company beat quarterly EPS expectations, though revenue came in slightly below consensus.

Calamos Advisors LLC reduced its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 4.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,210,149 shares of the chip maker's stock after selling 58,156 shares during the period. Calamos Advisors LLC's holdings in Intel were worth $145,496,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Vestor Capital LLC purchased a new stake in shares of Intel during the first quarter worth $9,441,000. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Intel in the second quarter worth about $4,995,000. Western Wealth Management LLC lifted its stake in shares of Intel by 57.7% in the first quarter. Western Wealth Management LLC now owns 21,223 shares of the chip maker's stock worth $937,000 after buying an additional 7,764 shares in the last quarter. Envestnet Asset Management Inc. boosted 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 worth $208,541,000 after acquiring an additional 67,588 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in Intel by 35.7% during 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 acquiring an additional 8,342,514 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Key Stories Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel joined a broad recovery in semiconductor stocks as investors bought shares after Thursday’s steep AI-related selloff. The rebound lifted the Nasdaq, though worries about interest rates and AI spending persisted. Market and chip-stock rebound
• Positive Sentiment: CEO Lip-Bu Tan bought 150,000 shares for about $9.7 million, increasing his direct ownership by 11.4%. The insider purchase may signal confidence, although it does not resolve Intel’s operating challenges. Report on CEO share purchase
• Positive Sentiment: Intel technology is being used in Atsign’s EdgeAI platform, while a separate report highlighted Xeon processors for enterprise AI workloads. These developments support Intel’s effort to build AI-related demand beyond traditional PC chips. Intel EdgeAI and Xeon developments
• Negative Sentiment: The recovery follows pressure from Intel’s fourth-quarter revenue outlook of $15 billion to $16 billion and management’s warning that PC weakness could extend into 2027. A securities law firm has also announced an investigation into potential investor claims; this is an investigation notice, not a finding of wrongdoing. Investigation notice and outlook concerns
• Negative Sentiment: Analyst estimate reductions and ongoing concerns about losses in Intel Foundry add to doubts about earnings momentum and the execution of its turnaround. Analysis of Intel Foundry risks

Analyst Ratings Changes

INTC has been the subject of several research reports. Tigress Financial upped their price objective on shares of Intel from $118.00 to $145.00 and gave the company a "buy" rating in a research note on Tuesday, September 15th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $100.00 target price on shares of Intel in a research note on Sunday, October 25th. Roth Capital cut Intel from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $120.00 to $70.00 in a report on Friday, October 30th. Morgan Stanley set a $85.00 price target on Intel in a research report on Monday, October 19th. Finally, Cantor Fitzgerald cut their price target on Intel from $125.00 to $90.00 and set a "neutral" rating for the company in a report on Friday, October 30th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, twenty-eight have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Intel has an average rating of "Hold" and an average target price of $97.42.

Intel Trading Up 7.7%

Shares of NASDAQ INTC traded up $4.03 during midday trading on Friday, reaching $56.28. 173,647,728 shares of the stock were exchanged, compared to its average volume of 123,848,320. The company has a 50 day simple moving average of $97.95 and a 200 day simple moving average of $86.60. The stock has a market capitalization of $299.13 billion, a P/E ratio of -23.35, a PEG ratio of 6.25 and a beta of 2.42. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.86 and a current ratio of 2.31. Intel Corporation has a twelve month low of $32.89 and a twelve month high of $142.35.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $16.51 billion for the quarter, compared to analysts' expectations of $16.56 billion. During the same period in the prior year, the firm posted $0.23 earnings per share. The firm's quarterly revenue was up 20.9% on a year-over-year basis. As a group, equities analysts expect that Intel Corporation will post 1.04 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Lip Tan bought 150,000 shares of the company's stock in a transaction that occurred 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 of the company's stock, valued at approximately $94,808,024.37. This trade represents a 11.41% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.05% of the company's stock.

About Intel

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