Intel Corporation $INTC Stock Sold by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC lessened its stake in shares of Intel Corporation (NASDAQ:INTC) by 42.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 39,176 shares of the chip maker’s stock after selling 29,223 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Intel were worth $4,710,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of INTC. State Street Corp increased its stake in Intel by 1.2% during the 2nd quarter. State Street Corp now owns 216,849,675 shares of the chip maker’s stock worth $30,278,720,000 after buying an additional 2,528,657 shares in the last quarter. Primecap Management Co. CA acquired a new position in shares of Intel during the second quarter valued at approximately $10,507,291,000. Amundi raised its holdings in shares of Intel by 14.9% during the first quarter. Amundi now owns 38,969,192 shares of the chip maker’s stock valued at $1,719,710,000 after acquiring an additional 5,045,936 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Intel by 35.7% in the second 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 acquiring an additional 8,342,514 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Intel by 0.4% in the first quarter. Bank of New York Mellon Corp now owns 30,700,929 shares of the chip maker’s stock valued at $1,354,832,000 after acquiring an additional 112,054 shares in the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Intel Trading Down 2.1%

INTC opened at $58.13 on Wednesday. The firm has a market capitalization of $308.96 billion, a price-to-earnings ratio of -24.12, a price-to-earnings-growth ratio of 6.35 and a beta of 2.42. The company’s 50 day simple moving average is $96.72 and its two-hundred day simple moving average is $86.64. Intel Corporation has a 1-year low of $32.89 and a 1-year high of $142.35. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.31 and a quick ratio of 1.95.

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

More Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel and Altera announced a collaboration focused on edge computing and physical AI industries, extending Intel’s push to develop AI opportunities beyond traditional data centers. Intel, Altera announce collaboration for Edge, Physical AI industries
• Positive Sentiment: RBC says Intel management expects 2027 to be a growth year, with data-center strength potentially more than offsetting PC weakness. This supports the longer-term turnaround case, though it does not remove near-term execution risks. Intel Sees 2027 Growth as Data-Center Strength Offsets PC Weakness, RBC Says
• Neutral Sentiment: CEO Lip-Bu Tan recently bought 150,000 Intel shares, worth about $9.71 million. The insider purchase may signal confidence, but it has not quelled investor concerns about the company’s outlook. CEO Lip-Bu Tan’s 150,000-Share Purchase
• Negative Sentiment: Reports pointed to Intel’s weak fourth-quarter outlook, an expected decline in gross margin, and ongoing PC-market weakness. Hot inflation data and a fading chip rally added pressure to sentiment. Intel Stocks Fall as Chip Rally Fades and PC Slump Clouds Q4
• Negative Sentiment: Pomerantz LLP said it is investigating potential claims on behalf of Intel investors. The announcement may add legal uncertainty, but it does not establish that Intel did anything wrong. Pomerantz Law Firm Investigates Claims on Behalf of Intel Investors

Analyst Upgrades and Downgrades

INTC has been the topic of a number of research analyst reports. Weiss Ratings raised Intel from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, November 4th. Wells Fargo & Company reduced their price objective on Intel from $120.00 to $80.00 and set an “equal weight” rating for the company in a research note on Friday, October 30th. Evercore reissued an “outperform” rating and issued a $133.00 price objective on shares of Intel in a research note on Friday, October 30th. Robert W. Baird set a $83.00 price objective on Intel in a report on Friday, October 30th. Finally, Rosenblatt Securities lowered their target price on shares of Intel from $80.00 to $70.00 and set a “sell” rating on the stock in a research note on Friday, October 30th. Two investment 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 assigned a Sell rating to the company. According to MarketBeat.com, Intel presently has an average rating of “Hold” and an average price target of $97.42.

About Intel

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.