Partners Wealth Management LLC Buys 22,043 Shares of Intel Corporation $INTC

Key Points

• Partners Wealth Management purchased 22,043 Intel shares worth approximately $2.65 million, while institutional investors collectively own 64.53% of the company.
• Intel’s third-quarter results exceeded earnings expectations, with adjusted EPS of $0.52 and revenue of $16.51 billion; Data Center and AI revenue rose 78% year over year to $7.3 billion.
• Despite improving AI and foundry performance, Intel issued weaker-than-expected fourth-quarter guidance amid ongoing PC-market weakness. Analysts maintain a consensus “Hold” rating with an average price target of $108.23, while CEO Lip-Bu Tan separately bought nearly $10 million of Intel stock.

Partners Wealth Management LLC purchased a new stake in Intel Corporation (NASDAQ:INTC - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,043 shares of the chip maker's stock, valued at approximately $2,650,000.

A number of other institutional investors also recently made changes to their positions in INTC. Vestor Capital LLC purchased a new position in shares of Intel during the 1st quarter worth $9,441,000. World Investment Advisors raised its holdings in shares of Intel by 11.2% in the 1st 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 period. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Intel in the 2nd quarter worth about $4,995,000. Western Wealth Management LLC lifted its stake in shares of 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 purchasing an additional 7,764 shares in the last quarter. Finally, Tcfg Wealth Management LLC acquired a new position in shares of Intel in the 1st quarter valued at about $202,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on INTC. KeyCorp set a $125.00 target price on shares of Intel in a research report on Friday, July 24th. Susquehanna reduced their price target on shares of Intel from $115.00 to $105.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 21st. Pivotal Research started coverage on shares of Intel in a research report on Tuesday, September 8th. They issued a "buy" rating for the company. DA Davidson raised their price objective on Intel from $77.00 to $100.00 and gave the company a "neutral" rating in a research report on Friday, July 24th. Finally, Wells Fargo & Company boosted their target price on shares of Intel from $110.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twenty-five have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Intel currently has a consensus rating of "Hold" and an average target price of $108.23.

Key Stories Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel reported third-quarter adjusted earnings of $0.52 per share, above the roughly $0.39–$0.41 consensus, while revenue reached approximately $16.5 billion. Intel Q3 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Data Center and AI revenue surged 78% year over year to $7.3 billion, with operating income from the business roughly tripling. Intel Foundry revenue also increased 58% to $6.7 billion. Intel Server Sales Jump 78%, Q4 Outlook Dims
• Neutral Sentiment: Intel’s planned $2.3 billion acquisition of quantum-computing software company Classiq could broaden its long-term technology portfolio, but the deal adds investment demands while near-term profitability and cash-flow execution remain key investor concerns. Intel Just Made a $2.3 Billion Quantum Buy
• Negative Sentiment: Intel forecast fourth-quarter revenue of $15 billion to $16 billion and adjusted EPS of about $0.25, well below analyst expectations of roughly $17.29 billion in revenue and $0.45 EPS. Intel Shares Tumble on Lower Profit, Weak Guidance
• Negative Sentiment: Management said the PC slowdown is expected to continue at least through the first half of next year. Client Computing and Physical AI revenue fell 5% year over year, and an explosion at an Intel facility in Israel added to near-term operational uncertainty. Intel Forecast Disappoints as PC Weakness Weighs

Insider Activity at Intel

In other Intel news, CEO Lip Bu Tan acquired 105,263 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average price of $95.00 per share, with a total value of $9,999,985.00. Following 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.05% of the company's stock.

Intel Stock Performance

Shares of INTC opened at $92.07 on Friday. The stock has a market capitalization of $464.40 billion, a PE ratio of -43.63, a price-to-earnings-growth ratio of 10.14 and a beta of 2.22. The business's fifty day moving average price is $101.63 and its 200 day moving average price is $86.25. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 1.25. Intel Corporation has a 12-month low of $32.89 and a 12-month high of $142.35.

Intel (NASDAQ:INTC - Get Free Report) last released its earnings results on Thursday, October 29th. The chip maker reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.11. The firm had revenue of $16.51 billion during the quarter, compared to analyst estimates of $16.56 billion. Intel had a negative net margin of 19.79% and a positive return on equity of 2.62%. 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 firm earned $0.23 earnings per share. Equities research analysts forecast that Intel Corporation will post 1.05 EPS 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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