Intel Corporation $INTC Stock: Profund Advisors LLC Trims Stake

Profund Advisors LLC decreased its holdings in Intel Corporation (NASDAQ:INTC) by 5.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 640,309 shares of the chip maker’s stock after selling 33,874 shares during the quarter. Intel accounts for about 2.2% of Profund Advisors LLC’s investment portfolio, making the stock its 8th largest position. Profund Advisors LLC’s holdings in Intel were worth $76,984,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Primecap Management Co. CA bought a new position in Intel during the second quarter valued at $10,507,291,000. Legal & General Group Plc purchased a new stake in shares of Intel during the 2nd quarter worth about $4,096,110,000. Assenagon Asset Management S.A. grew its position in shares of Intel by 87.1% in the third quarter. Assenagon Asset Management S.A. now owns 30,214,769 shares of the chip maker’s stock valued at $3,632,722,000 after purchasing an additional 14,063,302 shares during the period. Canada Pension Plan Investment Board purchased a new position in Intel in the 2nd quarter valued at $1,848,438,000. Finally, Bank of America Corp DE raised its holdings in shares of Intel by 35.7% during the 2nd quarter. Bank of America Corp DE now owns 31,724,362 shares of the chip maker’s stock worth $4,429,673,000 after acquiring an additional 8,342,514 shares during the period. 64.53% of the stock is currently owned by institutional investors.

Key Headlines Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel exceeded third-quarter expectations, reporting adjusted earnings of $0.52 per share versus a roughly $0.41 consensus estimate. Revenue increased 21% year over year to approximately $16.5 billion. Intel third-quarter earnings report
• Positive Sentiment: Data Center and AI revenue rose 78% to $7.3 billion, while Intel Foundry revenue increased 58% to $6.7 billion. CEO Lip-Bu Tan also highlighted the potential for AI agents to expand the server CPU market. Intel server and AI revenue coverage
• Neutral Sentiment: Intel agreed to acquire Israeli quantum software company Classiq Technologies for about $2.3 billion, seeking to build a full-stack quantum-computing business. The deal may provide a long-term growth option but adds to near-term spending and execution demands. Intel Classiq acquisition
• Negative Sentiment: Fourth-quarter guidance was well below Wall Street expectations: revenue is projected at $15 billion-$16 billion, versus approximately $17.1 billion expected, with adjusted earnings of about $0.25 per share versus roughly $0.45 expected. Management said the PC slowdown could persist through at least the first half of 2027. Reuters Intel outlook report
• Negative Sentiment: Memory shortages and higher component prices are making PCs more expensive, while Intel expects client-computing revenue to weaken. A blast at its Israel facility is expected to cause roughly $300 million-$600 million in revenue disruption, adding to manufacturing constraints. Intel PC slowdown and Israel facility report
• Negative Sentiment: Analysts responded with multiple downgrades and price-target reductions, citing weak PC demand, supply bottlenecks, lower margins, heavy foundry investment and the risk that Intel may not generate free cash flow in 2027. The outlook also triggered a broad semiconductor selloff, pressuring AMD, Nvidia, Broadcom and other chip stocks. Analyst reactions to Intel earnings

Intel Stock Down 28.6%

Shares of NASDAQ INTC opened at $65.76 on Friday. The firm has a market cap of $331.69 billion, a PE ratio of -27.29, a P/E/G ratio of 6.98 and a beta of 2.22. Intel Corporation has a 12-month low of $32.89 and a 12-month high of $142.35. The company’s fifty day simple moving average is $101.10 and its 200 day simple moving average is $86.36. 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 quarterly earnings data on Thursday, October 29th. The chip maker reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 positive return on equity of 4.55% and a negative net margin of 20.09%. The firm’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.23 EPS. As a group, sell-side analysts forecast that Intel Corporation will post 1.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. National Bank Financial set a $85.00 price target on Intel in a report on Monday, October 19th. Stifel Nicolaus set a $90.00 price target on shares of Intel in a report on Friday. HSBC reaffirmed a “buy” rating on shares of Intel in a report on Friday, July 24th. Northland Securities set a $93.00 price objective on Intel in a report on Friday. Finally, Sanford C. Bernstein upgraded shares of Intel from a “hold” rating to an “outperform” rating in a report on Monday, October 19th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, twenty-seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $97.86.

Insider Buying and Selling at Intel

In related news, CEO Lip Bu Tan bought 105,263 shares of the stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average price of $95.00 per share, with a total value of $9,999,985.00. Following the completion of the acquisition, the chief executive officer owned 1,314,669 shares of the company’s stock, valued at $124,893,555. This represents a 8.70% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.05% of the stock is currently owned by insiders.

Intel 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.