Intel Corporation $INTC Stock: Russell Investments Group Ltd. Grows Stake

Russell Investments Group Ltd. grew its holdings in shares of Intel Corporation (NASDAQ:INTC) by 6.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,084,189 shares of the chip maker’s stock after purchasing an additional 199,700 shares during the quarter. Russell Investments Group Ltd.’s holdings in Intel were worth $368,441,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in INTC. Everest Financial Group LLC raised its holdings in Intel by 22.4% in the 3rd quarter. Everest Financial Group LLC now owns 3,343 shares of the chip maker’s stock worth $402,000 after purchasing an additional 612 shares during the period. Eurizon Capital SGR S.p.A. increased its position in Intel by 1.5% in the third quarter. Eurizon Capital SGR S.p.A. now owns 4,058,268 shares of the chip maker’s stock worth $483,197,000 after buying an additional 60,325 shares in the last quarter. Nan Fung Trinity HK Ltd. purchased a new stake in Intel in the third quarter worth about $27,316,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new position in shares of Intel in the third quarter worth about $391,000. Finally, Endeavor Private Wealth Inc. raised its stake in shares of Intel by 12.7% in the third quarter. Endeavor Private Wealth Inc. now owns 1,957 shares of the chip maker’s stock worth $235,000 after buying an additional 221 shares during the period. Institutional investors own 64.53% of the company’s stock.

Insider Buying and Selling

In other Intel news, CEO Lip Tan purchased 150,000 shares of the company’s stock in a transaction on 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 purchase, the chief executive officer directly owned 1,464,669 shares of the company’s stock, valued at $94,808,024.37. This trade represents a 11.41% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.05% of the company’s stock.

Latest Intel News

Here’s some of the latest news about INTC:

• Positive Sentiment: Intel and RadixArk will work to improve open AI inference on Intel platforms, including upstreaming SGLang optimizations. The partnership may support developer adoption of Intel infrastructure. Intel and RadixArk collaboration
• Positive Sentiment: CEO Lip-Bu Tan bought about $9.7 million of Intel shares, a show of confidence in the company after its steep recent decline. Insider purchases can bolster sentiment, though they do not guarantee a turnaround. Intel CEO stock purchase
• Negative Sentiment: Bank of America lowered its Intel price target from $100 to $80 and kept a neutral rating, signaling reduced expectations. Bank of America price-target change

Intel Price Performance

Shares of Intel stock opened at $61.20 on Friday. The company has a market capitalization of $325.28 billion, a price-to-earnings ratio of -25.39, a PEG ratio of 6.68 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. The stock’s 50-day simple moving average is $95.61 and its 200-day simple moving average is $86.83. Intel Corporation has a 52 week low of $32.89 and a 52 week high of $142.35.

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 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 firm had revenue of $16.51 billion during the quarter, compared to analysts’ expectations of $16.56 billion. During the same quarter last year, the business posted $0.23 earnings per share. The firm’s revenue was up 20.9% on a year-over-year basis. As a group, analysts expect that Intel Corporation will post 1.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Tigress Financial lifted their price objective on Intel from $118.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, September 15th. Sanford C. Bernstein raised shares of Intel from a “hold” rating to an “outperform” rating in a report on Monday, October 19th. Piper Sandler began coverage on shares of Intel in a research note on Wednesday, September 9th. They set a “neutral” rating and a $110.00 target price on the stock. Evercore reaffirmed an “outperform” rating and set a $133.00 price target on shares of Intel in a report on Friday, October 30th. Finally, KeyCorp dropped their price target on shares of Intel from $155.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, twenty-eight have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $96.93.

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.