Intel Corporation $INTC Stock: Cidel Asset Management Inc. Cuts Holdings

Cidel Asset Management Inc. reduced its stake in shares of Intel Corporation (NASDAQ:INTC) by 32.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,262 shares of the chip maker’s stock after selling 20,723 shares during the quarter. Cidel Asset Management Inc.’s holdings in Intel were worth $5,081,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in INTC. State Street Corp increased its stake in shares of Intel by 1.2% during the second quarter. State Street Corp now owns 216,849,675 shares of the chip maker’s stock worth $30,278,720,000 after purchasing an additional 2,528,657 shares in the last quarter. Primecap Management Co. CA purchased a new stake in Intel in the 2nd quarter valued at $10,507,291,000. Bank of America Corp DE increased its position in Intel by 35.7% during the second quarter. Bank of America Corp DE now owns 31,724,362 shares of the chip maker’s stock worth $4,429,673,000 after purchasing an additional 8,342,514 shares during the last quarter. Legal & General Group Plc purchased a new position in Intel in the second quarter worth approximately $4,096,110,000. Finally, Assenagon Asset Management S.A. boosted its stake in Intel by 87.1% during the third quarter. Assenagon Asset Management S.A. now owns 30,214,769 shares of the chip maker’s stock worth $3,632,722,000 after buying an additional 14,063,302 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel News Roundup

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel exceeded third-quarter expectations, reporting adjusted earnings of $0.52 per share versus a roughly $0.41 consensus estimate. Revenue increased 21% year over year to approximately $16.5 billion. Intel third-quarter earnings report
• Positive Sentiment: Data Center and AI revenue rose 78% to $7.3 billion, while Intel Foundry revenue increased 58% to $6.7 billion. CEO Lip-Bu Tan also highlighted the potential for AI agents to expand the server CPU market. Intel server and AI revenue coverage
• Neutral Sentiment: Intel agreed to acquire Israeli quantum software company Classiq Technologies for about $2.3 billion, seeking to build a full-stack quantum-computing business. The deal may provide a long-term growth option but adds to near-term spending and execution demands. Intel Classiq acquisition
• Negative Sentiment: Fourth-quarter guidance was well below Wall Street expectations: revenue is projected at $15 billion-$16 billion, versus approximately $17.1 billion expected, with adjusted earnings of about $0.25 per share versus roughly $0.45 expected. Management said the PC slowdown could persist through at least the first half of 2027. Reuters Intel outlook report
• Negative Sentiment: Memory shortages and higher component prices are making PCs more expensive, while Intel expects client-computing revenue to weaken. A blast at its Israel facility is expected to cause roughly $300 million-$600 million in revenue disruption, adding to manufacturing constraints. Intel PC slowdown and Israel facility report
• Negative Sentiment: Analysts responded with multiple downgrades and price-target reductions, citing weak PC demand, supply bottlenecks, lower margins, heavy foundry investment and the risk that Intel may not generate free cash flow in 2027. The outlook also triggered a broad semiconductor selloff, pressuring AMD, Nvidia, Broadcom and other chip stocks. Analyst reactions to Intel earnings

Insiders Place Their Bets

In other Intel news, CEO Lip Bu Tan acquired 105,263 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was purchased at an average price of $95.00 per share, with a total value of $9,999,985.00. Following the completion of the acquisition, the chief executive officer directly owned 1,314,669 shares in the company, valued at $124,893,555. This trade represents a 8.70% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.05% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

INTC has been the topic of a number of recent research reports. Seaport Research Partners lowered shares of Intel from a “buy” rating to a “neutral” rating in a research note on Friday. KGI Securities raised Intel from a “neutral” rating to an “outperform” rating and set a $95.00 price target for the company in a report on Friday. Susquehanna dropped their price objective on Intel from $105.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday. Stifel Nicolaus set a $90.00 target price on shares of Intel in a report on Friday. Finally, TD Cowen dropped their price target on Intel from $95.00 to $75.00 and set a “hold” rating on the stock in a research report on Friday. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, twenty-seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $97.86.

Intel Stock Performance

Shares of INTC opened at $65.76 on Friday. Intel Corporation has a 1 year low of $32.89 and a 1 year high of $142.35. The company’s 50 day simple moving average is $101.10 and its 200 day simple moving average is $86.36. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.25 and a current ratio of 1.60. The company has a market capitalization of $331.69 billion, a price-to-earnings ratio of -27.29, a PEG ratio of 6.98 and a beta of 2.22.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, October 29th. The chip maker reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.11. Intel had a negative net margin of 20.09% and a positive return on equity of 4.55%. The company had revenue of $16.51 billion for the quarter, compared to analyst estimates of $16.56 billion. During the same quarter last year, the business earned $0.23 EPS. Intel’s revenue for the quarter was up 20.9% on a year-over-year basis. On average, sell-side analysts predict that Intel Corporation will post 1.07 EPS for the current year.

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.