Intel Corporation $INTC Stock Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lifted its stake in Intel Corporation (NASDAQ:INTC) by 22.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 162,217 shares of the chip maker’s stock after buying an additional 29,522 shares during the period. Illinois Municipal Retirement Fund’s holdings in Intel were worth $19,503,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Northbridge Financial Group LLC increased its stake in shares of Intel by 75.7% in the third quarter. Northbridge Financial Group LLC now owns 5,891 shares of the chip maker’s stock worth $663,000 after buying an additional 2,538 shares during the period. Confluence Wealth Services Inc. raised its holdings in Intel by 2.8% during the 3rd quarter. Confluence Wealth Services Inc. now owns 30,661 shares of the chip maker’s stock valued at $3,686,000 after buying an additional 840 shares during the last quarter. AMG National Trust Bank raised its holdings in Intel by 5.1% during the 3rd quarter. AMG National Trust Bank now owns 35,138 shares of the chip maker’s stock valued at $4,225,000 after buying an additional 1,694 shares during the last quarter. Moneco Advisors LLC boosted its position in Intel by 1.3% during the 3rd quarter. Moneco Advisors LLC now owns 14,730 shares of the chip maker’s stock valued at $1,771,000 after buying an additional 192 shares during the period. Finally, Narwhal Capital Management boosted its position in Intel by 4.7% during the 3rd quarter. Narwhal Capital Management now owns 5,639 shares of the chip maker’s stock valued at $678,000 after buying an additional 255 shares during the period. Institutional investors own 64.53% of the company’s stock.

Insider Activity

In related news, CEO Lip Tan purchased 150,000 shares of Intel stock in a transaction that occurred on Monday, November 2nd. The shares were bought at an average price of $64.73 per share, for a total transaction of $9,709,500.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.05% of the stock is owned by corporate insiders.

More 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 Stock Performance

NASDAQ:INTC opened at $58.13 on Wednesday. The company has a quick ratio of 1.95, a current ratio of 2.31 and a debt-to-equity ratio of 0.47. The firm’s fifty day simple moving average is $96.72 and its 200 day simple moving average is $86.64. The stock has a market cap of $308.96 billion, a P/E ratio of -24.12, a price-to-earnings-growth ratio of 6.35 and a beta of 2.42. Intel Corporation has a twelve month low of $32.89 and a twelve month high of $142.35.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, October 29th. The chip maker reported $0.52 EPS for the quarter, topping the consensus estimate of $0.41 by $0.11. Intel had a negative net margin of 20.09% and a positive return on equity of 4.70%. The business had revenue of $16.51 billion during the quarter, compared to analyst estimates of $16.56 billion. During the same period in the prior year, the business earned $0.23 EPS. The company’s revenue for the quarter was up 20.9% on a year-over-year basis. As a group, research analysts predict that Intel Corporation will post 1.04 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on INTC shares. Stifel Nicolaus set a $90.00 price objective on shares of Intel in a research report on Friday, October 30th. Zacks Research upgraded shares of Intel from a “hold” rating to a “strong-buy” rating in a report on Monday, October 26th. Morgan Stanley set a $85.00 target price on shares of Intel in a report on Monday, October 19th. National Bank Financial set a $85.00 target price on Intel in a research note on Monday, October 19th. Finally, Sanford C. Bernstein upgraded Intel from a “hold” rating to an “outperform” rating in a 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 assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $97.42.

About Intel

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.