Waycross Partners LLC Buys 11,870 Shares of Intel Corporation $INTC

Key Points

• Waycross Partners opened a new Intel position, buying 11,870 shares valued at approximately $1.43 million in the third quarter. Institutional investors and hedge funds collectively own 64.53% of Intel.
• Intel reported quarterly EPS of $0.52, beating the $0.41 consensus, while revenue of $16.51 billion came in slightly below expectations; revenue rose 20.9% year over year.
• Intel CEO Lip-Bu Tan bought 150,000 shares for about $9.7 million, increasing his direct stake by 11.41%. Analysts’ consensus rating was Hold, with an average price target of $97.42.

Waycross Partners LLC bought a new position in Intel Corporation (NASDAQ:INTC - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 11,870 shares of the chip maker's stock, valued at approximately $1,427,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of INTC. State Street Corp lifted its position in shares of 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 purchasing an additional 2,528,657 shares during the last quarter. Primecap Management Co. CA acquired a new stake in Intel in the 2nd quarter valued at approximately $10,507,291,000. Bank of America Corp DE grew its holdings in Intel by 35.7% in 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 buying an additional 8,342,514 shares during the last quarter. Legal & General Group Plc acquired a new stake in Intel in the 2nd quarter valued at approximately $4,096,110,000. Finally, Assenagon Asset Management S.A. increased its position in Intel by 87.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 30,214,769 shares of the chip maker's stock worth $3,632,722,000 after buying an additional 14,063,302 shares during the period. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Stock Performance

Shares of INTC stock traded up $4.03 during mid-day trading on Friday, reaching $56.28. The stock had a trading volume of 173,647,728 shares, compared to its average volume of 123,848,320. The firm's 50 day simple moving average is $97.95 and its 200 day simple moving average is $86.60. The company has a quick ratio of 1.86, a current ratio of 2.31 and a debt-to-equity ratio of 0.47. 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 $299.13 billion, a PE ratio of -23.35, a P/E/G ratio of 6.25 and a beta of 2.42.

Intel (NASDAQ:INTC - Get Free Report) last released 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 business had revenue of $16.51 billion for the quarter, compared to analysts' expectations of $16.56 billion. Intel had a positive return on equity of 4.70% and a negative net margin of 20.09%. Intel's quarterly revenue was up 20.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.23 earnings per share. On average, analysts forecast that Intel Corporation will post 1.04 EPS for the current year.

Key Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel joined a broad recovery in semiconductor stocks as investors bought shares after Thursday’s steep AI-related selloff. The rebound lifted the Nasdaq, though worries about interest rates and AI spending persisted. Market and chip-stock rebound
• Positive Sentiment: CEO Lip-Bu Tan bought 150,000 shares for about $9.7 million, increasing his direct ownership by 11.4%. The insider purchase may signal confidence, although it does not resolve Intel’s operating challenges. Report on CEO share purchase
• Positive Sentiment: Intel technology is being used in Atsign’s EdgeAI platform, while a separate report highlighted Xeon processors for enterprise AI workloads. These developments support Intel’s effort to build AI-related demand beyond traditional PC chips. Intel EdgeAI and Xeon developments
• Negative Sentiment: The recovery follows pressure from Intel’s fourth-quarter revenue outlook of $15 billion to $16 billion and management’s warning that PC weakness could extend into 2027. A securities law firm has also announced an investigation into potential investor claims; this is an investigation notice, not a finding of wrongdoing. Investigation notice and outlook concerns
• Negative Sentiment: Analyst estimate reductions and ongoing concerns about losses in Intel Foundry add to doubts about earnings momentum and the execution of its turnaround. Analysis of Intel Foundry risks

Insiders Place Their Bets

In other Intel news, CEO Lip Tan purchased 150,000 shares of the stock in a transaction 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 acquisition, the chief executive officer directly owned 1,464,669 shares of the company's stock, valued at $94,808,024.37. This represents a 11.41% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.05% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on INTC. Freedom Broker lowered Intel from a "buy" rating to a "hold" rating and cut their price target for the stock from $100.00 to $90.00 in a report on Friday, October 30th. KGI Securities upgraded shares of Intel from a "neutral" rating to an "outperform" rating and set a $95.00 price objective on the stock in a research note on Friday, October 30th. Robert W. Baird set a $83.00 target price on shares of Intel in a research report on Friday, October 30th. Rosenblatt Securities dropped their target price on shares of Intel from $80.00 to $70.00 and set a "sell" rating on the stock in a research report on Friday, October 30th. Finally, HSBC reiterated a "buy" rating on shares of Intel in a research note on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, twenty-eight have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $97.42.

Intel Company Profile

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