Joel Isaacson & Co. LLC Buys 12,121 Shares of Intel Corporation $INTC

Joel Isaacson & Co. LLC raised its stake in Intel Corporation (NASDAQ:INTC) by 23.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 63,702 shares of the chip maker’s stock after buying an additional 12,121 shares during the period. Joel Isaacson & Co. LLC’s holdings in Intel were worth $7,659,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of INTC. Southern Financial Group LLC grew its holdings in shares of Intel by 0.6% in the 1st quarter. Southern Financial Group LLC now owns 14,313 shares of the chip maker’s stock worth $632,000 after acquiring an additional 90 shares during the period. Harrell Investment Partners LLC increased its stake in Intel by 0.4% in the 2nd quarter. Harrell Investment Partners LLC now owns 23,277 shares of the chip maker’s stock valued at $3,250,000 after purchasing an additional 100 shares in the last quarter. TFR Capital LLC. raised its holdings in Intel by 0.4% during the second quarter. TFR Capital LLC. now owns 26,643 shares of the chip maker’s stock worth $3,720,000 after purchasing an additional 100 shares during the last quarter. Walker Asset Management LLC raised its holdings in Intel by 1.9% during the third quarter. Walker Asset Management LLC now owns 5,433 shares of the chip maker’s stock worth $653,000 after purchasing an additional 100 shares during the last quarter. Finally, Wynn Capital LLC raised its holdings in Intel by 0.4% during the second quarter. Wynn Capital LLC now owns 27,162 shares of the chip maker’s stock worth $3,793,000 after purchasing an additional 104 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Intel news, CEO Lip Tan bought 150,000 shares of Intel stock in a transaction that occurred on Monday, November 2nd. The shares were purchased at an average cost of $64.73 per share, for a total transaction of $9,709,500.00. Following the completion of the transaction, the chief executive officer owned 1,464,669 shares of the company’s stock, valued at $94,808,024.37. This represents a 11.41% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.05% of the company’s stock.

Key Intel News

These are some of the INTC news items that stood out recently:

• Positive Sentiment: Investors also have recent operating results to point to: Intel reported third-quarter revenue growth and strong data-center performance, while adjusted earnings exceeded analysts’ expectations. CEO Lip-Bu Tan’s reported stock purchases may also support confidence in the turnaround, though they do not resolve execution risks. Intel Rises as Chip Stocks Rebound and Investors Revisit Recent Data-Center Strength
• Neutral Sentiment: SoftBank disclosed that it raised about $7.4 billion against its Intel shares through prepaid forward contracts. The financing highlights the scale of SoftBank’s position, but the reports also flag potential share-supply risk tied to the arrangement. Intel Stocks Climb as SoftBank Reveals Cash Raised Against Intel Shares
• Negative Sentiment: Intel’s near-term outlook remains a counterweight: its latest guidance and expectations for continued PC weakness have raised concerns about the coming quarters, despite data-center strength. SoftBank’s reported losses on its Intel stake and related hedges add to worries about volatility and possible selling pressure. Intel Stock Faces 87 Million-Share Risk After SoftBank Deal

Intel Trading Up 7.5%

Shares of INTC opened at $62.50 on Thursday. Intel Corporation has a fifty-two week low of $32.89 and a fifty-two week high of $142.35. The company has a market capitalization of $332.19 billion, a PE ratio of -25.93, a price-to-earnings-growth ratio of 6.22 and a beta of 2.42. The stock has a fifty day moving average of $96.19 and a two-hundred day moving average of $86.73. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.95 and a current ratio of 2.31.

Intel (NASDAQ:INTC) last posted its quarterly earnings data 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. The business had revenue of $16.51 billion for the quarter, compared to analysts’ expectations of $16.56 billion. Intel had a positive return on equity of 4.70% and a negative net margin of 20.09%. The business’s revenue was up 20.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.23 earnings per share. As a group, analysts forecast that Intel Corporation will post 1.04 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Wall Street Zen lowered Intel from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Tigress Financial lifted their price target on Intel from $118.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, September 15th. Citigroup decreased their price objective on shares of Intel from $130.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, October 30th. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research note on Tuesday, October 27th. Finally, Wells Fargo & Company dropped their target price on shares of Intel from $120.00 to $80.00 and set an “equal weight” rating for the company in a report on Friday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, twenty-eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $97.42.

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.