Keybank National Association OH Sells 15,990 Shares of Intel Corporation $INTC

Key Points

• KeyBank trimmed its Intel stake by 15,990 shares, or 1.1%, but still held 1,467,668 shares valued at about $176.5 million.
• Intel beat quarterly EPS estimates with $0.52 per share versus $0.41 expected, while revenue of $16.51 billion slightly missed forecasts; revenue rose 20.9% year over year.
• Intel faces mixed signals: analysts’ consensus rating is Hold, and reports cite near-term margin and PC-market concerns, while CEO Lip-Bu Tan bought 150,000 shares and Intel announced an edge-computing and physical-AI collaboration with Altera.

Keybank National Association OH lowered its position in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 1.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,467,668 shares of the chip maker's stock after selling 15,990 shares during the period. Keybank National Association OH's holdings in Intel were worth $176,458,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Vestor Capital LLC acquired a new stake in Intel in the first quarter worth approximately $9,441,000. University of Texas Texas AM Investment Management Co. bought a new position in Intel during the 2nd quarter valued at $4,995,000. Western Wealth Management LLC boosted its stake in Intel by 57.7% during the 1st quarter. Western Wealth Management LLC now owns 21,223 shares of the chip maker's stock valued at $937,000 after purchasing an additional 7,764 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Intel by 4.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,493,552 shares of the chip maker's stock valued at $208,541,000 after purchasing an additional 67,588 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Intel by 35.7% during the 2nd 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 purchasing an additional 8,342,514 shares during the period. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel News Summary

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel and Altera announced a collaboration focused on edge computing and physical AI industries, extending Intel’s push to develop AI opportunities beyond traditional data centers. Intel, Altera announce collaboration for Edge, Physical AI industries
• Positive Sentiment: RBC says Intel management expects 2027 to be a growth year, with data-center strength potentially more than offsetting PC weakness. This supports the longer-term turnaround case, though it does not remove near-term execution risks. Intel Sees 2027 Growth as Data-Center Strength Offsets PC Weakness, RBC Says
• Neutral Sentiment: CEO Lip-Bu Tan recently bought 150,000 Intel shares, worth about $9.71 million. The insider purchase may signal confidence, but it has not quelled investor concerns about the company’s outlook. CEO Lip-Bu Tan’s 150,000-Share Purchase
• Negative Sentiment: Reports pointed to Intel’s weak fourth-quarter outlook, an expected decline in gross margin, and ongoing PC-market weakness. Hot inflation data and a fading chip rally added pressure to sentiment. Intel Stocks Fall as Chip Rally Fades and PC Slump Clouds Q4
• Negative Sentiment: Pomerantz LLP said it is investigating potential claims on behalf of Intel investors. The announcement may add legal uncertainty, but it does not establish that Intel did anything wrong. Pomerantz Law Firm Investigates Claims on Behalf of Intel Investors

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. DA Davidson dropped their price objective on Intel from $100.00 to $70.00 and set a "neutral" rating on the stock in a research note on Friday, October 30th. Cantor Fitzgerald cut their price objective on Intel from $125.00 to $90.00 and set a "neutral" rating for the company in a report on Friday, October 30th. Mizuho raised their target price on Intel from $92.00 to $114.00 and gave the company a "neutral" rating in a research note on Tuesday, October 6th. Citigroup decreased their target price on Intel from $130.00 to $100.00 and set a "buy" rating for the company in a research note on Friday, October 30th. Finally, Sanford C. Bernstein raised Intel from a "hold" rating to an "outperform" rating in a report on Monday, October 19th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, twenty-eight have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $97.42.

Intel Trading Down 2.1%

Shares of NASDAQ INTC opened at $58.13 on Wednesday. Intel Corporation has a 12 month low of $32.89 and a 12 month high of $142.35. The company has a market cap of $308.96 billion, a price-to-earnings ratio of -24.12, a P/E/G ratio of 6.35 and a beta of 2.42. 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 business has a fifty day simple moving average of $96.72 and a 200-day simple moving average of $86.64.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings results 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 analyst estimates of $16.56 billion. Intel had a positive return on equity of 4.70% and a negative net margin of 20.09%. Intel's revenue for the quarter was up 20.9% on a year-over-year basis. During the same quarter last year, the company posted $0.23 EPS. Sell-side analysts predict that Intel Corporation will post 1.04 EPS for the current year.

Insider Transactions at Intel

In other news, CEO Lip Tan acquired 150,000 shares of Intel stock in a transaction on Monday, November 2nd. The stock was bought at an average cost of $64.73 per share, with a total value of $9,709,500.00. Following the completion of the purchase, the chief executive officer owned 1,464,669 shares of the company's stock, valued at $94,808,024.37. This represents a 11.41% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.05% of the company's stock.

Intel Company Profile

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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