Bernicke Wealth Management Ltd. Buys 10,574 Shares of Intel Corporation $INTC

Bernicke Wealth Management Ltd. purchased a new stake in Intel Corporation (NASDAQ:INTC) during the third quarter, HoldingsChannel.com reports. The fund purchased 10,574 shares of the chip maker’s stock, valued at approximately $1,271,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of INTC. Channel Wealth LLC lifted its stake in Intel by 5.9% during the third quarter. Channel Wealth LLC now owns 7,183 shares of the chip maker’s stock worth $864,000 after purchasing an additional 399 shares during the last quarter. Diversified Trust Co boosted its holdings in Intel by 2.7% in the third quarter. Diversified Trust Co now owns 93,696 shares of the chip maker’s stock valued at $11,265,000 after purchasing an additional 2,461 shares in the last quarter. Vista Capital Partners Inc. acquired a new position in Intel in the third quarter valued at approximately $1,942,000. McElhenny Sheffield Capital Management LLC boosted its holdings in Intel by 7.4% in the third quarter. McElhenny Sheffield Capital Management LLC now owns 4,182 shares of the chip maker’s stock valued at $503,000 after purchasing an additional 287 shares in the last quarter. Finally, Cornerstone Advisors LLC increased its stake in Intel by 43.7% in the third quarter. Cornerstone Advisors LLC now owns 110,200 shares of the chip maker’s stock valued at $13,249,000 after purchasing an additional 33,515 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Intel news, CEO Lip Tan bought 150,000 shares of the business’s stock in a transaction dated 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 acquisition, the chief executive officer directly 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 legal filing with the SEC, which is accessible through this link. Company insiders own 0.05% of the company’s stock.

Intel Trading Down 2.5%

NASDAQ:INTC opened at $59.66 on Friday. The stock’s 50 day moving average price is $94.97 and its 200 day moving average price is $86.90. The company has a market capitalization of $317.09 billion, a PE ratio of -24.76, a P/E/G ratio of 6.55 and a beta of 2.42. The company has a quick ratio of 1.95, a current ratio of 2.31 and a debt-to-equity ratio of 0.47. Intel Corporation has a 52-week low of $32.89 and a 52-week high of $142.35.

Intel (NASDAQ:INTC) last released its quarterly earnings results 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 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 quarter in the previous year, the company posted $0.23 earnings per share. The firm’s revenue was up 20.9% compared to the same quarter last year. On average, research analysts anticipate that Intel Corporation will post 1.04 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on INTC. The Goldman Sachs Group reissued a “neutral” rating and set a $100.00 price objective on shares of Intel in a report on Friday, October 30th. National Bank Financial set a $85.00 target price on shares of Intel in a report on Monday, October 19th. Mizuho increased their target price on shares of Intel from $92.00 to $114.00 and gave the company a “neutral” rating in a research report on Tuesday, October 6th. KGI Securities raised shares of Intel from a “neutral” rating to an “outperform” rating and set a $95.00 target price on the stock in a research report on Friday, October 30th. Finally, Seaport Research Partners lowered shares of Intel from a “buy” rating to a “neutral” rating in a research note on Friday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, twenty-eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $96.93.

More Intel News

These are some of the INTC news items that stood out recently:

• Positive Sentiment: Intel and RadixArk announced work to optimize open-source SGLang inference on Intel platforms, a move aimed at improving developer choice and performance for AI workloads. Article: Intel and RadixArk collaboration
• Negative Sentiment: Intel fell alongside other chipmakers as technology stocks weakened, with investors assessing inflation data and uncertainty across the semiconductor sector. Article: Chip stocks slide
• Negative Sentiment: Some analysts and commentators remain cautious: one article argues AMD has stronger prospects and a more attractive valuation, while another recommends waiting for Intel’s fourth-quarter results. These concerns add to scrutiny of Intel’s valuation and turnaround execution. Article: AMD or Intel Article: Waiting for Intel’s Q4 numbers

Intel Company 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.