Eurizon Capital SGR S.p.A. Purchases 60,325 Shares of Intel Corporation $INTC

Eurizon Capital SGR S.p.A. grew its position in Intel Corporation (NASDAQ:INTC) by 1.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,058,268 shares of the chip maker’s stock after purchasing an additional 60,325 shares during the period. Intel comprises about 1.3% of Eurizon Capital SGR S.p.A.’s portfolio, making the stock its 16th largest holding. Eurizon Capital SGR S.p.A.’s holdings in Intel were worth $483,197,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp grew its position in Intel by 1.2% in the 2nd quarter. State Street Corp now owns 216,849,675 shares of the chip maker’s stock worth $30,278,720,000 after purchasing an additional 2,528,657 shares in the last quarter. Primecap Management Co. CA purchased a new stake in Intel in the 2nd quarter valued at about $10,507,291,000. Bank of America Corp DE increased its stake in 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 buying an additional 8,342,514 shares during the last quarter. Legal & General Group Plc purchased a new stake in Intel in the 2nd quarter valued at about $4,096,110,000. Finally, Assenagon Asset Management S.A. lifted its position in shares of Intel by 87.1% during 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. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on INTC shares. Evercore restated an “outperform” rating and issued a $133.00 target price on shares of Intel in a research note on Friday, October 30th. DA Davidson decreased their price target on Intel from $100.00 to $70.00 and set a “neutral” rating for the company in a research report on Friday, October 30th. Morgan Stanley set a $85.00 price target on Intel in a report on Monday, October 19th. KGI Securities raised Intel from a “neutral” rating to an “outperform” rating and set a $95.00 price objective on the stock in a research report on Friday, October 30th. Finally, Seaport Research Partners downgraded Intel from a “buy” rating to a “neutral” rating in a research note on Friday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, twenty-eight have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $96.93.

Key Stories Impacting Intel

These are some of the INTC stories that stood out recently:

• 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: Reports of Nvidia CEO Jensen Huang’s departure have unsettled investors over the companies’ partnership and future chip roadmap. Nvidia holds 214.78 million Intel shares, valued at roughly $13 billion, adding uncertainty about future collaboration and the stake’s implications. Nvidia leadership uncertainty and Intel
• Negative Sentiment: A law firm announced an investor-claims investigation, adding a legal-risk headline. Separately, coverage points to PC weakness, cash burn and falling estimates as ongoing challenges despite strong server demand. Investor investigation announcement Intel’s operating challenges

Intel Stock Down 2.1%

INTC opened at $61.20 on Friday. 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 has a market cap of $325.28 billion, a price-to-earnings ratio of -25.39, a PEG ratio of 6.68 and a beta of 2.42. Intel Corporation has a twelve month low of $32.89 and a twelve month high of $142.35. The company’s 50-day moving average price is $95.61 and its two-hundred day moving average price is $86.83.

Intel (NASDAQ:INTC) last released its earnings results 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 4.70%. The firm had revenue of $16.51 billion during the quarter, compared to the consensus estimate of $16.56 billion. During the same period in the prior year, the firm earned $0.23 EPS. The company’s revenue was up 20.9% compared to the same quarter last year. As a group, equities analysts expect that Intel Corporation will post 1.04 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Lip Tan acquired 150,000 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The shares were acquired at an average price of $64.73 per share, for a total transaction of $9,709,500.00. Following the completion of the purchase, the chief executive officer owned 1,464,669 shares in the company, valued at approximately $94,808,024.37. This trade represents a 11.41% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.05% of the company’s stock.

Intel 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.