State of Wyoming Purchases New Position in Intel Corporation $INTC

Key Points

• State of Wyoming purchased 16,257 Intel shares in the third quarter, valued at approximately $1.96 million. Institutional investors collectively own 64.53% of Intel.
• Intel reported stronger-than-expected third-quarter adjusted earnings of $0.52 per share, while revenue rose 21% year over year to $16.5 billion; Data Center and AI revenue surged 78% to $7.3 billion.
• The company’s fourth-quarter outlook fell well below analyst expectations amid persistent PC weakness, memory shortages and manufacturing disruptions. Analysts have responded with downgrades and price-target cuts, leaving Intel with a consensus “Hold” rating and a $97.86 target.

State of Wyoming bought a new stake in Intel Corporation (NASDAQ:INTC - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 16,257 shares of the chip maker's stock, valued at approximately $1,955,000.

Several other large investors also recently added to or reduced their stakes in INTC. ABS Investment Management LLC bought a new position in shares of Intel during the 2nd quarter valued at $694,101,000. Montgomery Financial Services LLC bought a new stake in shares of Intel during the 2nd quarter worth about $26,000. Knuff & Co LLC acquired a new position in shares of Intel during the 2nd quarter valued at about $29,000. Glynn Capital Management LLC bought a new position in shares of Intel in the 2nd quarter valued at approximately $29,000. Finally, Beaird Harris Wealth Management LLC lifted its holdings in Intel by 3,185.7% in the 2nd quarter. Beaird Harris Wealth Management LLC now owns 230 shares of the chip maker's stock worth $32,000 after purchasing an additional 223 shares during the last quarter. 64.53% of the stock is owned by institutional investors.

Key Stories Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel exceeded third-quarter expectations, reporting adjusted earnings of $0.52 per share versus a roughly $0.41 consensus estimate. Revenue increased 21% year over year to approximately $16.5 billion. Intel third-quarter earnings report
• Positive Sentiment: Data Center and AI revenue rose 78% to $7.3 billion, while Intel Foundry revenue increased 58% to $6.7 billion. CEO Lip-Bu Tan also highlighted the potential for AI agents to expand the server CPU market. Intel server and AI revenue coverage
• Neutral Sentiment: Intel agreed to acquire Israeli quantum software company Classiq Technologies for about $2.3 billion, seeking to build a full-stack quantum-computing business. The deal may provide a long-term growth option but adds to near-term spending and execution demands. Intel Classiq acquisition
• Negative Sentiment: Fourth-quarter guidance was well below Wall Street expectations: revenue is projected at $15 billion-$16 billion, versus approximately $17.1 billion expected, with adjusted earnings of about $0.25 per share versus roughly $0.45 expected. Management said the PC slowdown could persist through at least the first half of 2027. Reuters Intel outlook report
• Negative Sentiment: Memory shortages and higher component prices are making PCs more expensive, while Intel expects client-computing revenue to weaken. A blast at its Israel facility is expected to cause roughly $300 million-$600 million in revenue disruption, adding to manufacturing constraints. Intel PC slowdown and Israel facility report
• Negative Sentiment: Analysts responded with multiple downgrades and price-target reductions, citing weak PC demand, supply bottlenecks, lower margins, heavy foundry investment and the risk that Intel may not generate free cash flow in 2027. The outlook also triggered a broad semiconductor selloff, pressuring AMD, Nvidia, Broadcom and other chip stocks. Analyst reactions to Intel earnings

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on INTC shares. Robert W. Baird set a $83.00 target price on Intel in a research report on Friday. Citigroup decreased their price objective on shares of Intel from $130.00 to $100.00 and set a "buy" rating for the company in a report on Friday. Northland Securities set a $93.00 target price on shares of Intel in a research note on Friday. Roth Capital downgraded Intel from a "buy" rating to a "neutral" rating and lowered their price target for the company from $120.00 to $70.00 in a research report on Friday. Finally, Morgan Stanley set a $85.00 price objective on Intel in a research note on Monday, October 19th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, twenty-seven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $97.86.

Intel Price Performance

Shares of NASDAQ:INTC opened at $65.76 on Friday. The firm has a market capitalization of $331.69 billion, a PE ratio of -27.29, a PEG ratio of 9.78 and a beta of 2.22. The company has a current ratio of 1.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.47. The business's 50 day moving average is $101.10 and its 200-day moving average is $86.36. Intel Corporation has a 1-year low of $32.89 and a 1-year high of $142.35.

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 (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 analysts' expectations of $16.56 billion. Intel had a negative net margin of 20.09% and a positive return on equity of 4.55%. The business's revenue was up 20.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.23 EPS. Sell-side analysts predict that Intel Corporation will post 1.05 earnings per share for the current year.

Insider Activity

In other news, CEO Lip Bu Tan bought 105,263 shares of the company's stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average price of $95.00 per share, for a total transaction of $9,999,985.00. Following the transaction, the chief executive officer directly owned 1,314,669 shares of the company's stock, valued at $124,893,555. This trade represents a 8.70% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.05% of the stock is owned by company insiders.

Intel 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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