Intel Corporation $INTC Stock Position Trimmed by T3 Companies LLC

Key Points

• T3 Companies LLC cut its Intel position by 96.7% in the third quarter, selling 272,202 shares and retaining 9,185 shares valued at about $1.1 million. Institutional investors still own 64.53% of Intel.
• Intel is advancing its domestic manufacturing strategy, with progress at its delayed $28 billion Ohio project and a waiver allowing foreign-made robotic equipment that could ease supply-chain constraints.
• Intel’s latest quarterly results exceeded expectations, with $16.13 billion in revenue and $0.42 EPS, while CEO Lip-Bu Tan bought nearly $10 million in shares. Analysts remain mixed, with a consensus “Hold” rating and an average price target of $107.73.

T3 Companies LLC decreased its position in Intel Corporation (NASDAQ:INTC - Free Report) by 96.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,185 shares of the chip maker's stock after selling 272,202 shares during the quarter. Intel accounts for about 1.1% of T3 Companies LLC's investment portfolio, making the stock its 21st largest holding. T3 Companies LLC's holdings in Intel were worth $1,104,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vestor Capital LLC acquired a new stake in shares of Intel during the first quarter worth approximately $9,441,000. World Investment Advisors increased its stake in shares of Intel by 11.2% in the first quarter. World Investment Advisors now owns 62,876 shares of the chip maker's stock worth $2,775,000 after buying an additional 6,326 shares during the last quarter. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Intel in the second quarter worth $4,995,000. Apollon Wealth Management LLC increased its stake in shares of Intel by 19.7% in the first quarter. Apollon Wealth Management LLC now owns 245,436 shares of the chip maker's stock worth $10,831,000 after buying an additional 40,331 shares during the last quarter. Finally, Western Wealth Management LLC raised its holdings in Intel by 57.7% in the first quarter. Western Wealth Management LLC now owns 21,223 shares of the chip maker's stock valued at $937,000 after acquiring an additional 7,764 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company's stock.

Key Headlines Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: The FCC granted Intel a waiver allowing the company to use foreign-made robotic devices, potentially easing equipment and supply-chain constraints for its manufacturing operations. FCC grants Intel waiver for foreign-made robotic devices
• Positive Sentiment: Construction progress at Intel’s long-delayed $28 billion Ohio chip project provided evidence that the company is advancing its domestic foundry strategy, while an Arizona fab remains targeted for a 2028 start. Intel Ohio chip project construction milestone
• Positive Sentiment: Analysts expect Intel’s upcoming earnings report to show continued growth, and Nvidia’s investment in Intel was highlighted as a potential vote of confidence in the company’s strategic importance. Intel earnings expectations

Intel Price Performance

Shares of INTC opened at $85.48 on Friday. Intel Corporation has a 52 week low of $32.89 and a 52 week high of $142.35. The company has a current ratio of 1.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.47. The firm has a market cap of $431.16 billion, a price-to-earnings ratio of -40.51, a PEG ratio of 9.87 and a beta of 2.22. The stock has a 50 day moving average of $102.28 and a 200-day moving average of $102.93.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The chip maker reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.21. The business had revenue of $16.13 billion for the quarter, compared to analyst estimates of $14.43 billion. Intel had a positive return on equity of 2.62% and a negative net margin of 19.79%. The business's revenue was up 25.2% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.10) EPS. As a group, analysts forecast that Intel Corporation will post 1.05 EPS for the current year.

Insider Transactions at Intel

In other Intel news, CEO Lip Bu Tan acquired 105,263 shares of the firm's stock in a transaction on Tuesday, August 11th. The stock was purchased at an average price of $95.00 per share, with a total value 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. This trade represents a 8.70% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.05% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Citigroup initiated coverage on shares of Intel in a report on Monday. They issued an "outperform" rating on the stock. National Bank Financial set a $85.00 price objective on shares of Intel in a report on Monday. New Street Research boosted their target price on shares of Intel from $100.00 to $122.00 in a research report on Friday, June 26th. Needham & Company LLC reissued a "hold" rating on shares of Intel in a research report on Friday, July 24th. Finally, Barclays upgraded shares of Intel from a "hold" rating to an "overweight" rating in a research note on Wednesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twenty-seven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $107.73.

Intel Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.