Phoenix Financial Ltd. Purchases 14,842 Shares of Intel Corporation $INTC

Key Points

• Phoenix Financial increased its Intel stake by 37.4% in the third quarter, purchasing 14,842 shares and bringing its holdings to 54,483 shares, valued at $6.56 million.
• Intel reported quarterly earnings of $0.52 per share, topping the $0.41 analyst consensus, while revenue of $16.51 billion came in slightly below estimates; revenue rose 20.9% year over year.
• CEO Lip-Bu Tan bought 150,000 shares for about $9.71 million. Analysts’ consensus rating was Hold, with an average price target of $96.93.

Phoenix Financial Ltd. grew its position in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 37.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,483 shares of the chip maker's stock after buying an additional 14,842 shares during the period. Phoenix Financial Ltd.'s holdings in Intel were worth $6,555,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp raised its stake in Intel by 1.2% in the 2nd quarter. State Street Corp now owns 216,849,675 shares of the chip maker's stock valued at $30,278,720,000 after acquiring an additional 2,528,657 shares during the period. Primecap Management Co. CA bought a new position in Intel during the second quarter worth about $10,507,291,000. Amundi boosted its position in Intel by 14.9% during the first quarter. Amundi now owns 38,969,192 shares of the chip maker's stock worth $1,719,710,000 after purchasing an additional 5,045,936 shares during the period. Bank of America Corp DE boosted its position in Intel by 35.7% during the second quarter. Bank of America Corp DE now owns 31,724,362 shares of the chip maker's stock worth $4,429,673,000 after purchasing an additional 8,342,514 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in shares of Intel by 87.1% in the third quarter. Assenagon Asset Management S.A. now owns 30,214,769 shares of the chip maker's stock worth $3,632,722,000 after purchasing an additional 14,063,302 shares in the last quarter. Institutional investors own 64.53% of the company's stock.

Intel Price Performance

Shares of INTC traded down $1.54 during midday trading on Friday, hitting $59.66. 102,211,925 shares of the company traded hands, compared to its average volume of 146,395,888. The stock has a 50-day moving average of $94.97 and a 200-day moving average of $86.90. Intel Corporation has a one year low of $32.89 and a one year high of $142.35. The firm has a market cap of $317.09 billion, a P/E ratio of -24.76, a PEG ratio of 6.55 and a beta of 2.42. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.31 and a quick ratio of 1.95.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The chip maker reported $0.52 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.11. The company had revenue of $16.51 billion during the quarter, compared to analyst estimates of $16.56 billion. Intel had a negative net margin of 20.09% and a positive return on equity of 4.70%. Intel's revenue was up 20.9% compared to the same quarter last year. During the same period last year, the business earned $0.23 earnings per share. As a group, sell-side analysts predict that Intel Corporation will post 1.04 EPS for the current fiscal year.

Insider Transactions at Intel

In other news, CEO Lip Tan bought 150,000 shares of the stock in a transaction on Monday, November 2nd. The shares were acquired at an average cost of $64.73 per share, for a total transaction of $9,709,500.00. Following the purchase, the chief executive officer directly owned 1,464,669 shares of the company's stock, valued at $94,808,024.37. This trade represents a 11.41% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.05% of the stock is owned by corporate insiders.

Analyst Ratings Changes

INTC has been the topic of several research reports. Northland Securities set a $93.00 price target on shares of Intel in a research report on Friday, October 30th. Stifel Nicolaus set a $90.00 price objective on shares of Intel in a report on Friday, October 30th. Susquehanna cut their price objective on shares of Intel from $105.00 to $75.00 and set a "neutral" rating for the company in a report on Friday, October 30th. Sanford C. Bernstein upgraded shares of Intel from a "hold" rating to an "outperform" rating in a research note on Monday, October 19th. Finally, KeyCorp lowered their target price on shares of Intel from $155.00 to $140.00 and set an "overweight" rating on the stock in a report on Friday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, twenty-eight have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $96.93.

Intel News Summary

These are some of the INTC news items that stood out recently:

• Positive Sentiment: Intel and RadixArk announced work to optimize open-source SGLang inference on Intel platforms, a move aimed at improving developer choice and performance for AI workloads. Article: Intel and RadixArk collaboration
• Negative Sentiment: Intel fell alongside other chipmakers as technology stocks weakened, with investors assessing inflation data and uncertainty across the semiconductor sector. Article: Chip stocks slide
• Negative Sentiment: Some analysts and commentators remain cautious: one article argues AMD has stronger prospects and a more attractive valuation, while another recommends waiting for Intel’s fourth-quarter results. These concerns add to scrutiny of Intel’s valuation and turnaround execution. Article: AMD or Intel Article: Waiting for Intel’s Q4 numbers

Intel 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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