Intel Corporation $INTC Stock Purchased by Investment House LLC

Key Points

• Investment House LLC increased its Intel position by 723.4% in the third quarter, purchasing 78,413 additional shares for a total holding of 89,252 shares valued at approximately $10.7 million.
• Other institutional investors also added to Intel, while CEO Lip-Bu Tan bought 105,263 shares worth nearly $10 million. Institutional investors collectively own 64.53% of the company.
• Analyst sentiment remains mixed, with Intel carrying an overall “Hold” rating and an average price target of $107.73. Shares opened at $85.48, down 8%, despite recent operational progress and stronger-than-expected quarterly revenue and earnings.

Investment House LLC grew its position in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 723.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 89,252 shares of the chip maker's stock after buying an additional 78,413 shares during the quarter. Investment House LLC's holdings in Intel were worth $10,731,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Vestor Capital LLC acquired a new stake in Intel in the 1st quarter valued at about $9,441,000. World Investment Advisors boosted its holdings in Intel by 11.2% during the first quarter. World Investment Advisors now owns 62,876 shares of the chip maker's stock worth $2,775,000 after purchasing an additional 6,326 shares during the last quarter. University of Texas Texas AM Investment Management Co. bought a new position in Intel in the second quarter valued at $4,995,000. Apollon Wealth Management LLC grew its position in Intel by 19.7% in the first quarter. Apollon Wealth Management LLC now owns 245,436 shares of the chip maker's stock valued at $10,831,000 after purchasing an additional 40,331 shares in the last quarter. Finally, Western Wealth Management LLC increased its stake in Intel by 57.7% in the 1st quarter. Western Wealth Management LLC now owns 21,223 shares of the chip maker's stock valued at $937,000 after buying an additional 7,764 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel News Roundup

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

Insider Activity

In other Intel news, CEO Lip Bu Tan acquired 105,263 shares of the business's stock in a transaction dated Tuesday, August 11th. The stock was bought at an average cost of $95.00 per share, with a total value of $9,999,985.00. Following the completion of the transaction, the chief executive officer directly owned 1,314,669 shares in the company, valued at approximately $124,893,555. This represents a 8.70% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.05% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

INTC has been the topic of several analyst reports. Bank of America cut their price target on shares of Intel from $160.00 to $145.00 and set a "buy" rating on the stock in a research report on Wednesday, August 12th. HSBC restated a "buy" rating on shares of Intel in a report on Friday, July 24th. Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a research report on Friday, July 24th. Weiss Ratings raised Intel from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, October 9th. Finally, Seaport Research Partners restated a "buy" rating and issued a $125.00 price target on shares of Intel in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, twenty-seven have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $107.73.

Intel Trading Down 8.0%

Shares of NASDAQ: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 debt-to-equity ratio of 0.47, a quick ratio of 1.25 and a current ratio of 1.60. The company has a market capitalization of $431.16 billion, a P/E ratio of 149.93, a price-to-earnings-growth ratio of 9.87 and a beta of 2.22. The company has a 50-day simple moving average of $102.28 and a 200 day simple moving average of $102.93.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The chip maker reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.21. The firm had revenue of $16.13 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the business earned ($0.10) earnings per share. Sell-side analysts forecast that Intel Corporation will post 1.05 earnings per share for the current year.

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.

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