Intel Corporation $INTC Stock Purchased by Joel Isaacson & Co. LLC

Key Points

• Joel Isaacson & Co. increased its Intel stake 23.5% in the third quarter, adding 12,121 shares to bring its holdings to 63,702 shares, valued at about $7.66 million.
• Intel CEO Lip-Bu Tan purchased 150,000 shares for roughly $9.71 million, increasing his direct stake by 11.41%.
• Analysts’ consensus rating is Hold, with an average price target of $97.42. Intel’s latest quarterly earnings beat EPS estimates, while revenue of $16.51 billion came in slightly below forecasts.

Joel Isaacson & Co. LLC raised its stake in Intel Corporation (NASDAQ:INTC - Free Report) by 23.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,702 shares of the chip maker's stock after acquiring an additional 12,121 shares during the period. Joel Isaacson & Co. LLC's holdings in Intel were worth $7,659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. State Street Corp grew its stake in Intel by 1.2% during the 2nd quarter. State Street Corp now owns 216,849,675 shares of the chip maker's stock worth $30,278,720,000 after buying an additional 2,528,657 shares during the last quarter. Primecap Management Co. CA purchased a new stake in shares of Intel in the second quarter valued at about $10,507,291,000. Amundi raised its holdings in shares of Intel by 14.9% in the first quarter. Amundi now owns 38,969,192 shares of the chip maker's stock valued at $1,719,710,000 after buying an additional 5,045,936 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of 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 valued at $4,429,673,000 after buying an additional 8,342,514 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Intel by 0.4% during the first quarter. Bank of New York Mellon Corp now owns 30,700,929 shares of the chip maker's stock worth $1,354,832,000 after buying an additional 112,054 shares during the period. Hedge funds and other institutional investors own 64.53% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on INTC. Mizuho raised their price target on Intel from $92.00 to $114.00 and gave the stock a "neutral" rating in a report on Tuesday, October 6th. HSBC restated a "buy" rating on shares of Intel in a research report on Friday, July 24th. Robert W. Baird set a $83.00 price objective on Intel in a research report on Friday, October 30th. JPMorgan Chase & Co. decreased their price objective on Intel from $85.00 to $80.00 and set a "neutral" rating for the company in a research report on Friday, October 30th. Finally, KeyCorp lowered their target price on Intel from $155.00 to $140.00 and set an "overweight" rating on the stock in a research note on Friday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, twenty-eight have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $97.42.

Insider Buying and Selling at Intel

In other Intel news, CEO Lip Tan acquired 150,000 shares of the company's stock in a transaction that occurred on Monday, November 2nd. The shares were purchased at an average price of $64.73 per share, with a total value of $9,709,500.00. Following the completion of the acquisition, the chief executive officer directly owned 1,464,669 shares of the company's stock, valued at approximately $94,808,024.37. The trade was a 11.41% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.05% of the stock is currently owned by company insiders.

Trending Headlines about Intel

These are some of the INTC headlines that stood out recently:

• Positive Sentiment: A broader chip rally followed stronger-than-expected results from AI cloud provider CoreWeave, which helped revive confidence in AI infrastructure spending and lifted Intel alongside other semiconductor names. Marvell and Intel Rally as CoreWeave Results Reignite the AI Chip Trade
• Positive Sentiment: Investors also have recent operating results to point to: Intel reported third-quarter revenue growth and strong data-center performance, while adjusted earnings exceeded analysts’ expectations. CEO Lip-Bu Tan’s reported stock purchases may also support confidence in the turnaround, though they do not resolve execution risks. Intel Rises as Chip Stocks Rebound and Investors Revisit Recent Data-Center Strength
• Neutral Sentiment: SoftBank disclosed that it raised about $7.4 billion against its Intel shares through prepaid forward contracts. The financing highlights the scale of SoftBank’s position, but the reports also flag potential share-supply risk tied to the arrangement. Intel Stocks Climb as SoftBank Reveals Cash Raised Against Intel Shares

Intel Trading Up 7.5%

Shares of Intel stock opened at $62.50 on Thursday. The company has a quick ratio of 1.95, a current ratio of 2.31 and a debt-to-equity ratio of 0.47. The firm has a market cap of $332.19 billion, a price-to-earnings ratio of -25.93, a price-to-earnings-growth ratio of 6.22 and a beta of 2.42. Intel Corporation has a 52-week low of $32.89 and a 52-week high of $142.35. The company's 50-day simple moving average is $96.19 and its 200-day simple moving average is $86.73.

Intel (NASDAQ:INTC - Get Free Report) last announced 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 company had revenue of $16.51 billion for the quarter, compared to analyst estimates of $16.56 billion. Intel had a positive return on equity of 4.70% and a negative net margin of 20.09%. The firm's revenue for the quarter was up 20.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.23 EPS. As a group, equities research analysts anticipate that Intel Corporation will post 1.04 earnings per share for the current year.

About Intel

Intel Corporation is a semiconductor company that designs and manufactures processors and related technologies. Its products include central processing units for personal computers and servers, graphics and AI accelerators, and platforms and components for data center, networking, and edge computing applications. The company also operates Intel Foundry, which provides semiconductor manufacturing, packaging, and related services for Intel and external customers. Intel serves customers and businesses around the world through its products, technologies, and manufacturing operations.

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