15,990 Intel Corporation $INTC Shares Sold by Keybank National Association OH

Keybank National Association OH reduced its position in shares of Intel Corporation (NASDAQ:INTC) by 1.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,467,668 shares of the chip maker’s stock after selling 15,990 shares during the quarter. Keybank National Association OH’s holdings in Intel were worth $176,458,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of INTC. State Street Corp grew its holdings in shares of Intel by 1.2% during the second quarter. State Street Corp now owns 216,849,675 shares of the chip maker’s stock valued at $30,278,720,000 after buying an additional 2,528,657 shares in the last quarter. Primecap Management Co. CA acquired a new position in Intel during the second quarter valued at $10,507,291,000. Bank of America Corp DE raised 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 valued at $4,429,673,000 after buying an additional 8,342,514 shares during the period. Legal & General Group Plc acquired a new position in Intel during the second quarter valued at $4,096,110,000. Finally, Assenagon Asset Management S.A. lifted its stake 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 acquiring an additional 14,063,302 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on INTC shares. Freedom Broker lowered Intel from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $100.00 to $90.00 in a research report on Friday, October 30th. Wells Fargo & Company lowered their target price on Intel from $120.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Friday, October 30th. Citigroup dropped their target price on Intel from $130.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, October 30th. Northland Securities set a $93.00 target price on Intel in a report on Friday, October 30th. Finally, Morgan Stanley set a $85.00 price target on shares of Intel in a research report on Monday, October 19th. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, twenty-eight have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $97.42.

Key Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel and Altera announced a collaboration focused on edge computing and physical AI industries, extending Intel’s push to develop AI opportunities beyond traditional data centers. Intel, Altera announce collaboration for Edge, Physical AI industries
• Positive Sentiment: RBC says Intel management expects 2027 to be a growth year, with data-center strength potentially more than offsetting PC weakness. This supports the longer-term turnaround case, though it does not remove near-term execution risks. Intel Sees 2027 Growth as Data-Center Strength Offsets PC Weakness, RBC Says
• Neutral Sentiment: CEO Lip-Bu Tan recently bought 150,000 Intel shares, worth about $9.71 million. The insider purchase may signal confidence, but it has not quelled investor concerns about the company’s outlook. CEO Lip-Bu Tan’s 150,000-Share Purchase
• Negative Sentiment: Reports pointed to Intel’s weak fourth-quarter outlook, an expected decline in gross margin, and ongoing PC-market weakness. Hot inflation data and a fading chip rally added pressure to sentiment. Intel Stocks Fall as Chip Rally Fades and PC Slump Clouds Q4
• Negative Sentiment: Pomerantz LLP said it is investigating potential claims on behalf of Intel investors. The announcement may add legal uncertainty, but it does not establish that Intel did anything wrong. Pomerantz Law Firm Investigates Claims on Behalf of Intel Investors

Intel Price Performance

INTC opened at $58.13 on Wednesday. The stock has a market cap of $308.96 billion, a price-to-earnings ratio of -24.12, a PEG ratio of 6.35 and a beta of 2.42. Intel Corporation has a 1 year low of $32.89 and a 1 year high of $142.35. The company has a current ratio of 2.31, a quick ratio of 1.95 and a debt-to-equity ratio of 0.47. The stock has a fifty day moving average price of $96.72 and a 200 day moving average price of $86.64.

Intel (NASDAQ:INTC) last issued 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. Intel had a positive return on equity of 4.70% and a negative net margin of 20.09%. The company had revenue of $16.51 billion for the quarter, compared to analyst estimates of $16.56 billion. During the same period in the prior year, the firm posted $0.23 EPS. The business’s revenue was up 20.9% compared to the same quarter last year. Analysts forecast that Intel Corporation will post 1.04 EPS for the current fiscal year.

Insider Activity

In other news, CEO Lip Tan purchased 150,000 shares of Intel stock in a transaction dated Monday, November 2nd. The stock was acquired at an average cost of $64.73 per share, for a total transaction of $9,709,500.00. Following the acquisition, the chief executive officer directly owned 1,464,669 shares in the company, valued at $94,808,024.37. This represents a 11.41% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.05% of the stock is currently owned by corporate insiders.

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.