8,653 Intel Corporation $INTC Shares Bought by NTV Asset Management LLC

NTV Asset Management LLC grew its holdings in Intel Corporation (NASDAQ:INTC) by 103.3% during the third quarter, HoldingsChannel.com reports. The firm owned 17,029 shares of the chip maker’s stock after acquiring an additional 8,653 shares during the quarter. NTV Asset Management LLC’s holdings in Intel were worth $2,047,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Primecap Management Co. CA purchased a new position in Intel in the 2nd quarter worth about $10,507,291,000. Legal & General Group Plc purchased a new stake in Intel in the 2nd quarter valued at about $4,096,110,000. Assenagon Asset Management S.A. boosted its position in Intel by 87.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 30,214,769 shares of the chip maker’s stock valued at $3,632,722,000 after buying an additional 14,063,302 shares during the period. Canada Pension Plan Investment Board bought a new position in Intel in the 2nd quarter worth about $1,848,438,000. Finally, Bank of America Corp DE grew 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 worth $4,429,673,000 after acquiring an additional 8,342,514 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Insider Transactions at Intel

In related news, CEO Lip Bu Tan purchased 105,263 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average cost of $95.00 per share, for a total transaction of $9,999,985.00. Following the acquisition, the chief executive officer owned 1,314,669 shares of the company’s stock, valued at $124,893,555. The trade was a 8.70% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.05% of the company’s stock.

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 continue using foreign-made robotic devices, easing a potential regulatory and manufacturing constraint. FCC grants Intel waiver for foreign-made robotic devices
• Positive Sentiment: Wedbush identified a potential boost from Intel’s Arizona chip plant, while continued construction progress at the company’s Ohio project reinforced the turnaround narrative and long-term domestic-foundry strategy. Intel Stock Rises as Wedbush Spots a Potential Boost From Arizona Chip Plant
• Positive Sentiment: Investors are positioning for the October 29 quarterly report. Analysts and bullish commentators point to strong server-CPU demand, recent price increases and Intel’s history of exceeding its own forecasts as possible sources of an earnings or guidance beat. Options markets imply a potentially sizable post-earnings move. Prediction: Intel Stock Will Take Off After Oct. 29
• Positive Sentiment: Erste Group raised its fiscal 2027 EPS forecast for Intel to $1.59 from $1.56, above the broader consensus estimate of $1.05, signaling improving expectations for the company’s earnings recovery.
• Neutral Sentiment: The move also reflected a rebound in selected technology shares despite broader market pressure from higher oil prices and concerns about inflation, interest rates and the cost of AI infrastructure. Why are AMD, Intel stocks gaining today?
• Negative Sentiment: Risks remain ahead of earnings: Intel’s third-quarter outlook called for adjusted EPS of $0.38, below the prior quarter’s $0.42, while analysts continue to question whether its foundry operations can achieve competitive yields and scale. Nvidia’s expansion into CPU markets also presents a longer-term competitive threat. The Foundry Disconnect: Intel Nails the Transistor, But TSMC Holds the Keys to Yield and Scale

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on INTC. KeyCorp set a $125.00 price target on shares of Intel in a research note on Friday, July 24th. Bank of America dropped their price objective on Intel from $160.00 to $145.00 and set a “buy” rating on the stock in a research note on Wednesday, August 12th. Tigress Financial raised their price objective on Intel from $118.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, September 15th. Zacks Research lowered Intel from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 31st. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twenty-seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Intel presently has an average rating of “Hold” and a consensus price target of $107.73.

Intel Stock Performance

Shares of INTC stock opened at $86.96 on Friday. The firm has a market cap of $438.63 billion, a price-to-earnings ratio of -41.21, a PEG ratio of 9.23 and a beta of 2.22. The company’s 50 day moving average is $101.97 and its 200 day moving average is $102.82. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.47. Intel Corporation has a 52-week low of $32.89 and a 52-week high of $142.35.

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

About Intel

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.