Mirae Asset Global Investments Co. Ltd. Acquires New Shares in Intel Corporation $INTC

Mirae Asset Global Investments Co. Ltd. bought a new position in Intel Corporation (NASDAQ:INTC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,107,040 shares of the chip maker’s stock, valued at approximately $734,249,000. Intel makes up about 1.3% of Mirae Asset Global Investments Co. Ltd.’s holdings, making the stock its 14th biggest holding.

Other hedge funds have also recently modified their holdings of the company. Aviance Capital Partners LLC grew its position in shares of Intel by 28.1% during the third quarter. Aviance Capital Partners LLC now owns 12,416 shares of the chip maker’s stock valued at $1,493,000 after purchasing an additional 2,721 shares in the last quarter. Stevens Capital Partners increased its holdings in shares of Intel by 18.8% in the third quarter. Stevens Capital Partners now owns 3,841 shares of the chip maker’s stock worth $462,000 after purchasing an additional 609 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of Intel by 11.1% in the third quarter. ProShare Advisors LLC now owns 6,585,227 shares of the chip maker’s stock worth $791,742,000 after purchasing an additional 656,970 shares during the last quarter. Vise Technologies Inc. increased its holdings in shares of Intel by 34.0% in the third quarter. Vise Technologies Inc. now owns 152,269 shares of the chip maker’s stock worth $18,307,000 after purchasing an additional 38,656 shares during the last quarter. Finally, Investment Partners LTD. lifted its position in shares of Intel by 49.4% in the third quarter. Investment Partners LTD. now owns 13,143 shares of the chip maker’s stock worth $1,580,000 after buying an additional 4,348 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel News Summary

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

Intel Stock Performance

INTC stock opened at $65.76 on Friday. The business’s fifty day simple moving average is $101.10 and its two-hundred day simple moving average is $86.36. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.47. The firm has a market cap 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 Corporation has a twelve month low of $32.89 and a twelve month high of $142.35.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, October 29th. The chip maker reported $0.52 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $16.56 billion. During the same quarter last year, the firm posted $0.23 EPS. The firm’s revenue was up 20.9% compared to the same quarter last year. Analysts predict that Intel Corporation will post 1.07 earnings per share for the current year.

Insider Buying and Selling

In other Intel news, CEO Lip Bu Tan purchased 105,263 shares of Intel stock in a transaction dated Tuesday, August 11th. The stock was acquired at an average price 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 in the company, valued at $124,893,555. This trade represents a 8.70% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.05% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Pivotal Research assumed coverage on Intel in a research note on Tuesday, September 8th. They set a “buy” rating for the company. National Bank Financial set a $85.00 price objective on shares of Intel in a research note on Monday, October 19th. UBS Group downgraded shares of Intel from a “buy” rating to a “hold” rating and set a $90.00 target price on the stock. in a report on Friday. Wells Fargo & Company reduced their target price on shares of Intel from $120.00 to $80.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, Tigress Financial upped their target price on shares of Intel from $118.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, September 15th. Two 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. Based on data from MarketBeat, Intel has a consensus rating of “Hold” and a consensus price target of $97.86.

Intel Company 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.