Intel Corporation $INTC Stock Purchased by Private Advisory Group LLC

Private Advisory Group LLC raised its holdings in Intel Corporation (NASDAQ:INTC) by 4.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 272,536 shares of the chip maker’s stock after acquiring an additional 12,330 shares during the period. Intel accounts for about 1.7% of Private Advisory Group LLC’s holdings, making the stock its 10th biggest position. Private Advisory Group LLC’s holdings in Intel were worth $32,767,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Russell Investments Group Ltd. grew its holdings in Intel by 6.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,084,189 shares of the chip maker’s stock valued at $368,441,000 after buying an additional 199,700 shares during the period. Everest Financial Group LLC increased its stake in shares of Intel by 22.4% during the 3rd quarter. Everest Financial Group LLC now owns 3,343 shares of the chip maker’s stock valued at $402,000 after acquiring an additional 612 shares during the last quarter. Eurizon Capital SGR S.p.A. lifted its holdings in shares of Intel by 1.5% during the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 4,058,268 shares of the chip maker’s stock worth $483,197,000 after acquiring an additional 60,325 shares during the period. Nan Fung Trinity HK Ltd. purchased a new position in shares of Intel during the 3rd quarter worth about $27,316,000. Finally, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. purchased a new position in shares of Intel during the 3rd quarter worth about $391,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

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: Bank of America lowered its Intel price target from $100 to $80 and kept a neutral rating, signaling reduced expectations. Bank of America price-target change
• 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

Insider Buying and Selling

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

Intel Stock Performance

Intel stock opened at $61.20 on Friday. The stock’s 50-day moving average is $95.61 and its 200-day moving average is $86.83. The company has a market cap of $325.28 billion, a price-to-earnings ratio of -25.39, a price-to-earnings-growth ratio of 6.68 and a beta of 2.42. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.31 and a quick ratio of 1.95. Intel Corporation has a 12 month low of $32.89 and a 12 month high of $142.35.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, October 29th. The chip maker reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.11. Intel had a positive return on equity of 4.70% and a negative net margin of 20.09%. The business had revenue of $16.51 billion for the quarter, compared to analyst estimates of $16.56 billion. During the same period in the previous year, the company posted $0.23 EPS. The company’s revenue was up 20.9% compared to the same quarter last year. Equities analysts anticipate that Intel Corporation will post 1.04 earnings per share for the current year.

Analysts Set New Price Targets

INTC has been the topic of several research analyst reports. Zacks Research raised shares of Intel from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 26th. Citigroup dropped their price target on shares of Intel from $130.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, October 30th. National Bank Financial set a $85.00 price target on shares of Intel in a research note on Monday, October 19th. Susquehanna cut their price target on shares of Intel from $105.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, October 30th. Finally, Pivotal Research assumed coverage on shares of Intel in a report on Tuesday, September 8th. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, twenty-eight have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $96.93.

Intel Company 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.