Intel Corporation $INTC Stock: Cidel Asset Management Inc. Trims Position

Key Points

• Cidel Asset Management cut its Intel position by 32.9% in the third quarter, selling 20,723 shares and retaining 42,262 shares valued at approximately $5.1 million. Institutional investors collectively own 64.53% of Intel.
• Intel reported third-quarter adjusted earnings of $0.52 per share, beating the $0.41 consensus estimate, while revenue rose 20.9% year over year to $16.51 billion. However, fourth-quarter guidance fell well below expectations amid PC weakness, supply constraints and manufacturing disruptions.
• Analyst sentiment remains cautious: several firms downgraded Intel or reduced price targets, leaving the stock with a consensus “Hold” rating and an average target price of $97.86. CEO Lip-Bu Tan separately purchased nearly $10 million of Intel shares.

Cidel Asset Management Inc. cut its position in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 32.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,262 shares of the chip maker's stock after selling 20,723 shares during the period. Cidel Asset Management Inc.'s holdings in Intel were worth $5,081,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. State Street Corp increased its stake in shares of Intel by 1.2% during the second quarter. State Street Corp now owns 216,849,675 shares of the chip maker's stock valued at $30,278,720,000 after buying an additional 2,528,657 shares during the period. Primecap Management Co. CA purchased a new stake in Intel in the second quarter worth about $10,507,291,000. Bank of America Corp DE lifted its stake in 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 acquiring an additional 8,342,514 shares during the period. Legal & General Group Plc purchased a new stake in Intel in the second quarter worth about $4,096,110,000. Finally, Assenagon Asset Management S.A. grew its holdings in Intel by 87.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 30,214,769 shares of the chip maker's stock worth $3,632,722,000 after acquiring an additional 14,063,302 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

A number of research analysts have commented on the stock. Susquehanna cut their target price on shares of Intel from $105.00 to $75.00 and set a "neutral" rating on the stock in a research report on Friday. Stifel Nicolaus set a $90.00 price target on shares of Intel in a report on Friday. Bank of America cut shares of Intel from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $145.00 to $100.00 in a research report on Friday. Pivotal Research started coverage on shares of Intel in a research note on Tuesday, September 8th. They set a "buy" rating on the stock. Finally, Seaport Research Partners lowered shares of Intel from a "buy" rating to a "neutral" rating in a report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, twenty-seven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $97.86.

Insider Activity

In related news, CEO Lip Bu Tan acquired 105,263 shares of the business's stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average price of $95.00 per share, for a total transaction of $9,999,985.00. Following the completion of the acquisition, the chief executive officer directly owned 1,314,669 shares in the company, valued at $124,893,555. The trade was a 8.70% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.05% of the stock is currently owned by company insiders.

Intel Stock Down 28.6%

Intel stock opened at $65.76 on Friday. Intel Corporation has a 1-year low of $32.89 and a 1-year high of $142.35. The business has a fifty day moving average price of $101.10 and a 200-day moving average price of $86.36. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 1.25. The stock has a market capitalization of $331.69 billion, a price-to-earnings ratio of -27.29, a PEG ratio of 6.98 and a beta of 2.22.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly 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 4.55% and a negative net margin of 20.09%. The company had revenue of $16.51 billion during the quarter, compared to analysts' expectations of $16.56 billion. During the same period last year, the business posted $0.23 earnings per share. The firm's revenue was up 20.9% compared to the same quarter last year. Equities research analysts forecast that Intel Corporation will post 1.07 EPS for the current fiscal year.

Key Stories Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel exceeded third-quarter expectations, reporting adjusted earnings of $0.52 per share versus a roughly $0.41 consensus estimate. Revenue increased 21% year over year to approximately $16.5 billion. Intel third-quarter earnings report
• Positive Sentiment: Data Center and AI revenue rose 78% to $7.3 billion, while Intel Foundry revenue increased 58% to $6.7 billion. CEO Lip-Bu Tan also highlighted the potential for AI agents to expand the server CPU market. Intel server and AI revenue coverage
• Neutral Sentiment: Intel agreed to acquire Israeli quantum software company Classiq Technologies for about $2.3 billion, seeking to build a full-stack quantum-computing business. The deal may provide a long-term growth option but adds to near-term spending and execution demands. Intel Classiq acquisition
• Negative Sentiment: Fourth-quarter guidance was well below Wall Street expectations: revenue is projected at $15 billion-$16 billion, versus approximately $17.1 billion expected, with adjusted earnings of about $0.25 per share versus roughly $0.45 expected. Management said the PC slowdown could persist through at least the first half of 2027. Reuters Intel outlook report
• Negative Sentiment: Memory shortages and higher component prices are making PCs more expensive, while Intel expects client-computing revenue to weaken. A blast at its Israel facility is expected to cause roughly $300 million-$600 million in revenue disruption, adding to manufacturing constraints. Intel PC slowdown and Israel facility report
• Negative Sentiment: Analysts responded with multiple downgrades and price-target reductions, citing weak PC demand, supply bottlenecks, lower margins, heavy foundry investment and the risk that Intel may not generate free cash flow in 2027. The outlook also triggered a broad semiconductor selloff, pressuring AMD, Nvidia, Broadcom and other chip stocks. Analyst reactions to Intel earnings

Intel Profile

Intel Corporation NASDAQ: INTC is a global semiconductor company that designs and manufactures computing and connectivity products. Its portfolio includes Intel Core processors for personal computers, Xeon processors for data centers and enterprise systems, and products for networking, edge computing, graphics, and artificial intelligence workloads.

Through Intel Foundry, the company also provides semiconductor manufacturing and technology-development services for external customers. Intel develops process technologies, advanced packaging, and other manufacturing capabilities intended to support its own products and third-party chip designs.

Founded in 1968 by Robert Noyce and Gordon Moore, Intel helped establish the modern microprocessor industry and has historically supplied processors for PCs, servers, and other computing systems.

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