Intel Corporation $INTC Shares Acquired by Royal Fund Management LLC

Royal Fund Management LLC grew its stake in Intel Corporation (NASDAQ:INTC) by 63.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,624 shares of the chip maker’s stock after buying an additional 20,778 shares during the quarter. Royal Fund Management LLC’s holdings in Intel were worth $6,447,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in INTC. Financial Life Planners purchased a new position in shares of Intel during the 1st quarter valued at about $25,000. Montgomery Financial Services LLC bought a new position in shares of Intel during the 2nd quarter valued at approximately $26,000. Glynn Capital Management LLC bought a new position in shares of Intel during the 2nd quarter valued at approximately $29,000. Knuff & Co LLC purchased a new stake in Intel in the 2nd quarter worth approximately $29,000. Finally, Beaird Harris Wealth Management LLC increased its holdings in Intel by 3,185.7% in the 2nd quarter. Beaird Harris Wealth Management LLC now owns 230 shares of the chip maker’s stock worth $32,000 after acquiring an additional 223 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on INTC. Royal Bank Of Canada initiated coverage on shares of Intel in a research note on Tuesday, September 8th. They set an “outperform” rating on the stock. TD Cowen dropped their price target on shares of Intel from $115.00 to $95.00 and set a “hold” rating for the company in a research report on Monday. KeyCorp set a $125.00 price target on shares of Intel in a research report on Friday, July 24th. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research note on Friday, July 24th. Finally, Northland Securities raised shares of Intel from a “market perform” rating to an “outperform” rating and set a $120.00 price objective for the company in a research note on Tuesday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twenty-seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Intel presently has an average rating of “Hold” and a consensus target price of $107.73.

Insider Buying and Selling at Intel

In related news, CEO Lip Bu Tan bought 105,263 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average price of $95.00 per share, for a total transaction of $9,999,985.00. Following the completion of the transaction, the chief executive officer owned 1,314,669 shares in the company, valued at $124,893,555. The trade was a 8.70% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.05% of the company’s stock.

Intel Trading Down 8.0%

INTC stock opened at $85.48 on Friday. 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 Corporation has a 1-year low of $32.89 and a 1-year high of $142.35. The business has a 50 day simple moving average of $102.28 and a two-hundred day simple moving average of $102.93. The company has a market capitalization of $431.16 billion, a price-to-earnings ratio of -40.51, a PEG ratio of 9.87 and a beta of 2.22.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, July 23rd. The chip maker reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.21. Intel had a negative net margin of 19.79% and a positive return on equity of 2.62%. The firm had revenue of $16.13 billion for the quarter, compared to analysts’ expectations of $14.43 billion. During the same quarter last year, the business posted ($0.10) earnings per share. The company’s revenue for the quarter was up 25.2% compared to the same quarter last year. Research analysts anticipate that Intel Corporation will post 1.05 EPS for the current fiscal year.

Key Headlines Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: The FCC granted Intel a waiver allowing the company to use foreign-made robotic devices, potentially easing equipment and supply-chain constraints for its manufacturing operations. FCC grants Intel waiver for foreign-made robotic devices
• Positive Sentiment: Construction progress at Intel’s long-delayed $28 billion Ohio chip project provided evidence that the company is advancing its domestic foundry strategy, while an Arizona fab remains targeted for a 2028 start. Intel Ohio chip project construction milestone
• Positive Sentiment: Analysts expect Intel’s upcoming earnings report to show continued growth, and Nvidia’s investment in Intel was highlighted as a potential vote of confidence in the company’s strategic importance. Intel earnings expectations

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.