Icon Advisers Inc. Co. Lowers Stake in Intel Corporation $INTC

Icon Advisers Inc. Co. reduced its position in Intel Corporation (NASDAQ:INTC) by 9.5% in the first quarter, HoldingsChannel.com reports. The firm owned 47,508 shares of the chip maker’s stock after selling 5,000 shares during the period. Icon Advisers Inc. Co.’s holdings in Intel were worth $2,097,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Intel during the 4th quarter valued at $2,233,159,000. Capital Research Global Investors boosted its holdings in Intel by 285.9% in the 4th quarter. Capital Research Global Investors now owns 26,619,928 shares of the chip maker’s stock worth $982,279,000 after buying an additional 19,722,010 shares during the period. Capital World Investors increased its stake in Intel by 20.3% in the 4th quarter. Capital World Investors now owns 104,060,268 shares of the chip maker’s stock worth $3,839,833,000 after buying an additional 17,557,147 shares in the last quarter. Vanguard Group Inc. increased its stake in Intel by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 404,522,308 shares of the chip maker’s stock worth $14,926,873,000 after buying an additional 13,692,624 shares in the last quarter. Finally, Morgan Stanley raised its holdings in Intel by 20.4% during the fourth quarter. Morgan Stanley now owns 65,249,269 shares of the chip maker’s stock valued at $2,407,698,000 after acquiring an additional 11,056,090 shares during the period. 64.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on INTC shares. Moffett Nathanson downgraded Intel to a “neutral” rating in a research report on Thursday, June 11th. HC Wainwright set a $150.00 target price on Intel in a research report on Monday, June 29th. Seaport Research Partners lifted their target price on Intel from $65.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Sanford C. Bernstein reissued a “market perform” rating and issued a $100.00 price target on shares of Intel in a report on Wednesday, June 17th. Finally, Bank of America upped their price target on Intel from $135.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twenty-nine have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $102.77.

Insider Activity at Intel

In related news, EVP Boise April Miller sold 40,256 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $99.53, for a total transaction of $4,006,679.68. Following the completion of the transaction, the executive vice president directly owned 105,077 shares of the company’s stock, valued at approximately $10,458,313.81. This represents a 27.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.05% of the company’s stock.

More Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel’s foundry business landed its first named outside customer under CEO Lip-Bu Tan, with Fortinet signing on to use Intel Foundry for its Security Processor 6 on Intel 4. The announcement also reinforced the idea that Intel is gaining traction in contract manufacturing. Intel’s foundry lands first named customer under CEO Lip-Bu Tan, as Fortinet signs on for security chips
• Positive Sentiment: Analyst and market commentary turned more constructive ahead of earnings, with reports citing stronger server demand, pricing gains, and a likely Q2 revenue beat. Several funds were also said to be buying Intel stock ahead of the results. Wedbush delivers bold verdict on Intel stock ahead of earnings
• Positive Sentiment: Intel also benefited from a broader chip rebound and optimism around AI demand, with several stories suggesting its turnaround, foundry efforts, and AI infrastructure exposure could support upside if Thursday’s report confirms momentum. Intel results test if AI-fueled rally has room to run
• Neutral Sentiment: There were also reports that Intel is seeking a partner for its Ohio chip fab, rather than selling it outright, and SK hynix quickly denied acquisition talks. That kept the rumor mill active but did not create a clear new strategic catalyst. Intel mulls partnership for Ohio chip fab, SK Hynix among candidates – report
• Negative Sentiment: Pressure remains from a sluggish PC market, high expectations after a huge year-to-date run, and reports of fresh data-center layoffs as CEO Lip-Bu Tan continues restructuring. Investors appear concerned that earnings may need to be very strong to justify the recent rally. Intel plans layoffs within its data center group

Intel Stock Down 2.7%

Shares of INTC stock opened at $102.62 on Thursday. The company’s fifty day simple moving average is $116.48 and its two-hundred day simple moving average is $77.54. Intel Corporation has a 52 week low of $18.97 and a 52 week high of $142.35. The stock has a market cap of $515.77 billion, a P/E ratio of -165.51 and a beta of 2.18. The company has a quick ratio of 1.85, a current ratio of 2.31 and a debt-to-equity ratio of 0.34.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, April 23rd. The chip maker reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.28. Intel had a positive return on equity of 0.39% and a negative net margin of 5.90%.The firm had revenue of $13.58 billion during the quarter, compared to analyst estimates of $12.32 billion. During the same quarter last year, the business posted $0.13 earnings per share. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. Analysts predict that Intel Corporation will post 0.65 EPS for the current fiscal year.

Intel Company Profile

Intel Corporation, founded in 1968 by Robert Noyce and Gordon E. Moore and headquartered in Santa Clara, California, is a leading global designer and manufacturer of semiconductor products. The company is historically notable for introducing the first commercial microprocessor and for driving the x86 architecture that underpins many personal computers and servers. Intel’s core business spans the design, fabrication and marketing of processors, chipsets and related components for a wide range of computing applications.

Intel’s product portfolio includes client and mobile processors marketed under brands such as Intel Core and Pentium, as well as high-performance Xeon processors for data centers and cloud infrastructure.