Partners Wealth Management LLC Makes New $2.65 Million Investment in Intel Corporation $INTC

Partners Wealth Management LLC acquired a new stake in Intel Corporation (NASDAQ:INTC) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 22,043 shares of the chip maker’s stock, valued at approximately $2,650,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp increased its stake in shares of Intel by 1.2% in 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 purchasing an additional 2,528,657 shares during the period. Primecap Management Co. CA acquired a new position in shares of Intel during the second quarter worth approximately $10,507,291,000. Bank of America Corp DE boosted its position in shares of 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 worth $4,429,673,000 after buying an additional 8,342,514 shares during the period. Legal & General Group Plc bought a new position in Intel in the 2nd quarter worth approximately $4,096,110,000. Finally, Assenagon Asset Management S.A. grew its holdings 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 in the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Intel news, CEO Lip Bu Tan bought 105,263 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average cost of $95.00 per share, for a total transaction of $9,999,985.00. Following the acquisition, the chief executive officer directly owned 1,314,669 shares of the company’s stock, valued at $124,893,555. This trade represents a 8.70% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. 0.05% of the stock is owned by corporate insiders.

Intel News Summary

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel reported third-quarter adjusted earnings of $0.52 per share, above the roughly $0.39–$0.41 consensus, while revenue reached approximately $16.5 billion. Intel Q3 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Data Center and AI revenue surged 78% year over year to $7.3 billion, with operating income from the business roughly tripling. Intel Foundry revenue also increased 58% to $6.7 billion. Intel Server Sales Jump 78%, Q4 Outlook Dims
• Neutral Sentiment: Intel’s planned $2.3 billion acquisition of quantum-computing software company Classiq could broaden its long-term technology portfolio, but the deal adds investment demands while near-term profitability and cash-flow execution remain key investor concerns. Intel Just Made a $2.3 Billion Quantum Buy
• Negative Sentiment: Intel forecast fourth-quarter revenue of $15 billion to $16 billion and adjusted EPS of about $0.25, well below analyst expectations of roughly $17.29 billion in revenue and $0.45 EPS. Intel Shares Tumble on Lower Profit, Weak Guidance
• Negative Sentiment: Management said the PC slowdown is expected to continue at least through the first half of next year. Client Computing and Physical AI revenue fell 5% year over year, and an explosion at an Intel facility in Israel added to near-term operational uncertainty. Intel Forecast Disappoints as PC Weakness Weighs

Analysts Set New Price Targets

Several brokerages have weighed in on INTC. UBS Group raised Intel from a “hold” rating to a “buy” rating in a research note on Tuesday, September 8th. Weiss Ratings lowered Intel from a “hold (c-)” rating to a “sell (d)” rating in a report on Friday, October 23rd. TD Cowen reduced their price objective on shares of Intel from $115.00 to $95.00 and set a “hold” rating for the company in a report on Monday, October 19th. Robert W. Baird increased their target price on shares of Intel from $75.00 to $125.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Finally, Rosenblatt Securities reissued a “sell” rating and set a $80.00 target price on shares of Intel in a research note on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twenty-five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $108.23.

Intel Trading Down 3.6%

Shares of Intel stock opened at $92.07 on Friday. The business has a fifty day simple moving average of $101.63 and a 200-day simple moving average of $86.25. Intel Corporation has a fifty-two week low of $32.89 and a fifty-two week high of $142.35. The firm has a market cap of $464.40 billion, a price-to-earnings ratio of -43.63, a price-to-earnings-growth ratio of 10.14 and a beta of 2.22. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.47.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, October 29th. The chip maker reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.11. Intel had a positive return on equity of 2.62% and a negative net margin of 19.79%. The firm had revenue of $16.51 billion for the quarter, compared to analyst estimates of $16.56 billion. During the same period in the previous year, the company earned $0.23 earnings per share. Intel’s revenue was up 20.9% compared to the same quarter last year. On average, equities analysts forecast that Intel Corporation will post 1.05 EPS for the current fiscal year.

Intel Company Profile

Intel Corporation (NASDAQ:INTC) is a global semiconductor company that designs and manufactures computing and connectivity products. Its portfolio includes Intel Core processors for personal computers, Xeon processors for data centers and enterprise systems, and products for networking, edge computing, graphics, and artificial intelligence workloads.

Through Intel Foundry, the company also provides semiconductor manufacturing and technology-development services for external customers. Intel develops process technologies, advanced packaging, and other manufacturing capabilities intended to support its own products and third-party chip designs.

Founded in 1968 by Robert Noyce and Gordon Moore, Intel helped establish the modern microprocessor industry and has historically supplied processors for PCs, servers, and other computing systems.