Intel Corporation $INTC Shares Bought by Danske Bank A S

Danske Bank A S increased its position in shares of Intel Corporation (NASDAQ:INTC) by 0.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,761,484 shares of the chip maker’s stock after buying an additional 15,177 shares during the quarter. Intel comprises 0.7% of Danske Bank A S’s investment portfolio, making the stock its 22nd biggest holding. Danske Bank A S’s holdings in Intel were worth $332,013,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in shares of Intel by 1.2% in the 2nd quarter. State Street Corp now owns 216,849,675 shares of the chip maker’s stock valued at $30,278,720,000 after acquiring an additional 2,528,657 shares during the period. 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 raised its position 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 valued at $4,429,673,000 after purchasing an additional 8,342,514 shares during the last quarter. Legal & General Group Plc acquired a new stake in Intel during the 2nd quarter worth $4,096,110,000. Finally, Assenagon Asset Management S.A. boosted its stake in Intel by 87.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 30,214,769 shares of the chip maker’s stock worth $3,632,722,000 after purchasing an additional 14,063,302 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insider Transactions at Intel

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

Intel Stock Performance

NASDAQ:INTC traded down $1.54 during mid-day trading on Friday, reaching $59.66. The stock had a trading volume of 102,211,925 shares, compared to its average volume of 146,395,888. Intel Corporation has a twelve month low of $32.89 and a twelve month high of $142.35. The business has a 50 day simple moving average of $94.97 and a 200 day simple moving average of $86.90. The firm has a market capitalization of $317.09 billion, a price-to-earnings ratio of -24.76, a PEG ratio of 6.55 and a beta of 2.42. 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 announced its quarterly earnings data on Thursday, October 29th. The chip maker reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.11. The firm had revenue of $16.51 billion for the quarter, compared to analyst estimates of $16.56 billion. Intel had a positive return on equity of 4.70% and a negative net margin of 20.09%. Intel’s quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.23 earnings per share. On average, analysts expect that Intel Corporation will post 1.04 earnings per share for the current fiscal year.

Key Intel News

Here’s some of the latest news about INTC:

• Positive Sentiment: Intel and RadixArk announced work to optimize open-source SGLang inference on Intel platforms, a move aimed at improving developer choice and performance for AI workloads. Article: Intel and RadixArk collaboration
• Neutral Sentiment: CEO Lip-Bu Tan said AI workloads could revive demand for CPUs, with inference and agentic computing supporting a potential “CPU renaissance.” However, he also warned of a possible healthy AI-market pullback and worsening memory shortages, tempering the outlook. Article: Intel CEO on CPU demand
• Negative Sentiment: Some analysts and commentators remain cautious: one article argues AMD has stronger prospects and a more attractive valuation, while another recommends waiting for Intel’s fourth-quarter results. These concerns add to scrutiny of Intel’s valuation and turnaround execution. Article: AMD or Intel Article: Waiting for Intel’s Q4 numbers

Analyst Ratings Changes

INTC has been the topic of a number of recent research reports. Wedbush restated a “neutral” rating and issued a $98.00 price objective on shares of Intel in a research note on Tuesday, October 27th. UBS Group downgraded shares of Intel from a “buy” rating to a “hold” rating and set a $90.00 target price for the company. in a research note on Friday, October 30th. Tigress Financial raised their price target on Intel from $118.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, September 15th. The Goldman Sachs Group reissued a “neutral” rating and set a $100.00 price target on shares of Intel in a report on Friday, October 30th. Finally, DA Davidson dropped their price target on Intel from $100.00 to $70.00 and set a “neutral” rating on the stock in a research report on Friday, October 30th. Two 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $96.93.

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.