Waycross Partners LLC Makes New Investment in Intel Corporation $INTC

Waycross Partners LLC acquired a new position in shares of Intel Corporation (NASDAQ:INTC) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 11,870 shares of the chip maker’s stock, valued at approximately $1,427,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in INTC. Alps Advisors Inc. raised its holdings in shares of Intel by 4.6% in the third quarter. Alps Advisors Inc. now owns 21,854 shares of the chip maker’s stock valued at $2,628,000 after buying an additional 958 shares during the last quarter. Ashton Thomas Private Wealth LLC lifted its position in Intel by 98.3% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 40,759 shares of the chip maker’s stock worth $4,900,000 after buying an additional 20,202 shares in the last quarter. CenterBook Partners LP lifted its position in Intel by 1,382.2% during the 3rd quarter. CenterBook Partners LP now owns 153,514 shares of the chip maker’s stock worth $18,457,000 after buying an additional 143,157 shares in the last quarter. Asset One Wealth Management LLC grew its holdings in Intel by 56.5% during the 3rd quarter. Asset One Wealth Management LLC now owns 3,524 shares of the chip maker’s stock worth $424,000 after acquiring an additional 1,272 shares during the last quarter. Finally, General American Investors Co. Inc. bought a new stake in Intel during the 3rd quarter worth about $3,111,000. 64.53% of the stock is owned by institutional investors.

More 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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on INTC shares. Bank of America downgraded shares of Intel from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $145.00 to $100.00 in a research note on Friday, October 30th. Daiwa Securities Group cut shares of Intel from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Cantor Fitzgerald lowered their price target on shares of Intel from $125.00 to $90.00 and set a “neutral” rating for the company in a report on Friday, October 30th. UBS Group lowered shares of Intel from a “buy” rating to a “hold” rating and set a $90.00 price target for the company. in a report on Friday, October 30th. Finally, HSBC restated a “buy” rating on shares of Intel in a research report on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given 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.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $97.42.

Intel Trading Up 7.7%

INTC traded up $4.03 during midday trading on Friday, reaching $56.28. 173,647,728 shares of the company were exchanged, compared to its average volume of 123,848,320. The stock has a market capitalization of $299.13 billion, a P/E ratio of -23.35, a PEG ratio of 6.25 and a beta of 2.42. Intel Corporation has a one year low of $32.89 and a one year high of $142.35. The stock’s 50-day simple moving average is $97.95 and its 200 day simple moving average is $86.60. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.86 and a current ratio of 2.31.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, October 29th. The chip maker reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.11. The company had revenue of $16.51 billion for 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%. The business’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same period last year, the business posted $0.23 earnings per share. As a group, analysts forecast that Intel Corporation will post 1.04 earnings per share for the current fiscal year.

Insider Activity at Intel

In related news, CEO Lip Tan acquired 150,000 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The shares were acquired at an average cost of $64.73 per share, with a total value of $9,709,500.00. Following the transaction, the chief executive officer owned 1,464,669 shares of the company’s stock, valued at $94,808,024.37. The trade was a 11.41% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.05% of the stock is currently owned by insiders.

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