VIRGINIA RETIREMENT SYSTEMS ET Al Sells 393,594 Shares of Intel Corporation $INTC

VIRGINIA RETIREMENT SYSTEMS ET Al cut its holdings in shares of Intel Corporation (NASDAQ:INTC) by 53.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 349,150 shares of the chip maker’s stock after selling 393,594 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Intel were worth $41,978,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Primecap Management Co. CA purchased a new position in Intel during the second quarter worth approximately $10,507,291,000. Legal & General Group Plc acquired a new position in shares of Intel in the 2nd quarter valued at about $4,096,110,000. Assenagon Asset Management S.A. raised its holdings in 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 buying an additional 14,063,302 shares during the period. Canada Pension Plan Investment Board purchased a new stake in Intel during the second quarter worth approximately $1,848,438,000. Finally, Bank of America Corp DE raised its stake in shares of Intel by 35.7% in the 2nd quarter. Bank of America Corp DE now owns 31,724,362 shares of the chip maker’s stock valued at $4,429,673,000 after acquiring an additional 8,342,514 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Key Stories 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

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research report on Tuesday. Citigroup lowered their price objective on shares of Intel from $130.00 to $100.00 and set a “buy” rating for the company in a research report on Friday. KGI Securities raised shares of Intel from a “neutral” rating to an “outperform” rating and set a $95.00 price target for the company in a report on Friday. Truist Financial decreased their price objective on shares of Intel from $108.00 to $72.00 and set a “hold” rating for the company in a research report on Friday. Finally, Wedbush reaffirmed a “neutral” rating and set a $98.00 target price on shares of Intel in a research report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, twenty-seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Intel presently has an average rating of “Hold” and a consensus price target of $97.86.

Intel Stock Performance

Intel stock opened at $65.76 on Friday. The company has a market cap of $331.69 billion, a PE ratio of -27.29, a P/E/G ratio of 9.78 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 has a fifty day moving average price of $101.10 and a two-hundred day moving average price of $86.36. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 1.25.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, October 29th. The chip maker reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.11. Intel had a negative net margin of 20.09% and a positive return on equity of 4.55%. The business had revenue of $16.51 billion during the quarter, compared to the consensus estimate of $16.56 billion. During the same quarter in the prior year, the firm earned $0.23 EPS. The company’s revenue for the quarter was up 20.9% compared to the same quarter last year. Research analysts expect that Intel Corporation will post 1.05 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Lip Bu Tan bought 105,263 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were bought at an average cost of $95.00 per share, for a total transaction of $9,999,985.00. Following the completion of the purchase, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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.