Intel Corporation $INTC Stock Position Boosted by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA increased its holdings in shares of Intel Corporation (NASDAQ:INTC) by 13.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 2,923,124 shares of the chip maker’s stock after purchasing an additional 345,001 shares during the period. Pictet Asset Management Holding SA’s holdings in Intel were worth $351,168,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. ABS Investment Management LLC acquired a new stake in Intel during the 2nd quarter worth approximately $694,101,000. Montgomery Financial Services LLC bought a new position in Intel in the second quarter valued at approximately $26,000. Knuff & Co LLC acquired a new position in shares of Intel in the second quarter valued at approximately $29,000. Glynn Capital Management LLC acquired a new position in shares of Intel in the second quarter valued at approximately $29,000. Finally, Pathway Financial Advisers LLC acquired a new position in shares of Intel in the third quarter valued at approximately $25,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Zacks Research upgraded shares of Intel from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 26th. Cantor Fitzgerald dropped their price objective on shares of Intel from $125.00 to $90.00 and set a “neutral” rating on the stock in a research report on Friday, October 30th. Wall Street Zen cut shares of Intel from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings upgraded Intel from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday. Finally, Citigroup cut their price objective on shares of Intel from $130.00 to $100.00 and set a “buy” rating for the company in a report on Friday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, twenty-eight have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $97.42.

Intel Stock Performance

NASDAQ:INTC opened at $56.28 on Friday. The stock’s 50-day simple moving average is $97.95 and its 200 day simple moving average is $86.60. Intel Corporation has a twelve month low of $32.89 and a twelve month high of $142.35. The company has a quick ratio of 1.86, a current ratio of 2.31 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $299.13 billion, a PE ratio of -23.35, a price-to-earnings-growth ratio of 6.02 and a beta of 2.42.

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

Insider Transactions at Intel

In other news, CEO Lip Tan bought 150,000 shares of the company’s stock in a transaction on Monday, November 2nd. The stock was purchased at an average cost of $64.73 per share, for a total transaction of $9,709,500.00. Following the completion of the transaction, the chief executive officer owned 1,464,669 shares of the company’s stock, valued at $94,808,024.37. This trade represents a 11.41% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.05% of the stock is currently owned by insiders.

Intel News Summary

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel joined a broad recovery in semiconductor stocks as investors bought shares after Thursday’s steep AI-related selloff. The rebound lifted the Nasdaq, though worries about interest rates and AI spending persisted. Market and chip-stock rebound
• Positive Sentiment: CEO Lip-Bu Tan bought 150,000 shares for about $9.7 million, increasing his direct ownership by 11.4%. The insider purchase may signal confidence, although it does not resolve Intel’s operating challenges. Report on CEO share purchase
• Positive Sentiment: Intel technology is being used in Atsign’s EdgeAI platform, while a separate report highlighted Xeon processors for enterprise AI workloads. These developments support Intel’s effort to build AI-related demand beyond traditional PC chips. Intel EdgeAI and Xeon developments
• Negative Sentiment: The recovery follows pressure from Intel’s fourth-quarter revenue outlook of $15 billion to $16 billion and management’s warning that PC weakness could extend into 2027. A securities law firm has also announced an investigation into potential investor claims; this is an investigation notice, not a finding of wrongdoing. Investigation notice and outlook concerns
• Negative Sentiment: Analyst estimate reductions and ongoing concerns about losses in Intel Foundry add to doubts about earnings momentum and the execution of its turnaround. Analysis of Intel Foundry risks

Intel Profile