Intel Corporation $INTC Stock: Carnegie Lake Advisors LLC Decreases Holdings

Key Points

• Carnegie Lake Advisors cut its Intel stake by 89.1% in the third quarter, selling 19,718 shares and retaining 2,400 shares worth about $289,000.
• Intel reported quarterly EPS of $0.52, above the $0.41 consensus, while revenue of $16.51 billion came in slightly below estimates. Revenue grew 20.9% year over year, but the company posted a negative net margin.
• CEO Lip-Bu Tan bought 150,000 shares for about $9.7 million. Analysts’ consensus rating is Hold, with an average price target of $97.42.

Carnegie Lake Advisors LLC lessened its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 89.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,400 shares of the chip maker's stock after selling 19,718 shares during the period. Carnegie Lake Advisors LLC's holdings in Intel were worth $289,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Pathway Financial Advisers LLC acquired a new stake in shares of Intel in the 3rd quarter valued at approximately $25,000. Montgomery Financial Services LLC bought a new position in Intel in the 2nd quarter valued at approximately $26,000. Next Level Wealth Planning LLC acquired a new stake in Intel in the third quarter valued at approximately $28,000. Glynn Capital Management LLC acquired a new stake in Intel in the second quarter valued at approximately $29,000. Finally, Knuff & Co LLC acquired a new stake in Intel in the second quarter valued at approximately $29,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Key Intel News

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

Intel Price Performance

Shares of NASDAQ:INTC opened at $56.28 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.95 and a current ratio of 2.31. Intel Corporation has a 52 week low of $32.89 and a 52 week high of $142.35. The firm has a market cap of $299.13 billion, a PE ratio of -23.35, a price-to-earnings-growth ratio of 6.02 and a beta of 2.42. The firm's fifty day moving average is $97.95 and its 200-day moving average is $86.60.

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

Wall Street Analyst Weigh In

INTC has been the topic of a number of research reports. Stifel Nicolaus set a $90.00 target price on shares of Intel in a research note on Friday, October 30th. Piper Sandler assumed coverage on Intel in a research note on Wednesday, September 9th. They issued a "neutral" rating and a $110.00 price target for the company. Zacks Research raised Intel from a "hold" rating to a "strong-buy" rating in a report on Monday, October 26th. The Goldman Sachs Group restated a "neutral" rating and set a $100.00 price objective on shares of Intel in a research report on Friday, October 30th. Finally, Susquehanna lowered their target price on Intel from $105.00 to $75.00 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 given a Buy rating, twenty-eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $97.42.

Insider Activity at Intel

In related news, CEO Lip Tan purchased 150,000 shares of Intel stock in a transaction on Monday, November 2nd. The shares were purchased at an average price of $64.73 per share, for a total transaction of $9,709,500.00. Following the transaction, the chief executive officer owned 1,464,669 shares of the company's stock, valued at approximately $94,808,024.37. This represents a 11.41% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.05% of the company's stock.

Intel Profile

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