Retirement Systems of Alabama Acquires 133,959 Shares of Intel Corporation $INTC

Retirement Systems of Alabama grew its holdings in shares of Intel Corporation (NASDAQ:INTC) by 10.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,400,535 shares of the chip maker’s stock after acquiring an additional 133,959 shares during the period. Retirement Systems of Alabama’s holdings in Intel were worth $168,386,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Kohmann Bosshard Financial Services LLC boosted its stake in Intel by 24.0% during the 3rd quarter. Kohmann Bosshard Financial Services LLC now owns 5,513 shares of the chip maker’s stock valued at $663,000 after purchasing an additional 1,068 shares during the last quarter. Fulcrum Asset Management LLP raised its stake in shares of Intel by 48.8% in the third quarter. Fulcrum Asset Management LLP now owns 42,022 shares of the chip maker’s stock worth $4,872,000 after purchasing an additional 13,772 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Intel by 98.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,049,167 shares of the chip maker’s stock worth $125,900,000 after purchasing an additional 521,774 shares during the last quarter. StoneRidge PMG Advisors LLC purchased a new position in shares of Intel in the third quarter worth $1,374,000. Finally, Burton Enright Welch lifted its holdings in shares of Intel by 37.2% during the third quarter. Burton Enright Welch now owns 19,687 shares of the chip maker’s stock valued at $2,367,000 after purchasing an additional 5,338 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Insider Activity at Intel

In other Intel news, CEO Lip Tan acquired 150,000 shares of the stock in a transaction dated Monday, November 2nd. The shares were purchased at an average price of $64.73 per share, for a total transaction 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.05% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Barclays raised Intel from a “hold” rating to an “overweight” rating in a research report on Wednesday, September 16th. KGI Securities raised Intel from a “neutral” rating to an “outperform” rating and set a $95.00 target price for the company in a research report on Friday, October 30th. UBS Group cut shares of Intel from a “buy” rating to a “hold” rating and set a $90.00 target price on the stock. in a research note on Friday, October 30th. Morgan Stanley set a $85.00 price target on shares of Intel in a report on Monday, October 19th. Finally, Seaport Research Partners lowered shares of Intel from a “buy” rating to a “neutral” rating 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $97.42.

Intel Stock Up 5.5%

Intel stock opened at $59.37 on Tuesday. The stock has a market cap of $315.55 billion, a PE ratio of -24.63, a price-to-earnings-growth ratio of 6.23 and a beta of 2.42. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.86 and a current ratio of 2.31. Intel Corporation has a one year low of $32.89 and a one year high of $142.35. The stock has a fifty day moving average of $97.35 and a 200 day moving average of $86.63.

Intel (NASDAQ:INTC) last posted its 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. The company had revenue of $16.51 billion for the quarter, compared to the consensus estimate of $16.56 billion. Intel had a positive return on equity of 4.70% and a negative net margin of 20.09%. Intel’s revenue was up 20.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.23 earnings per share. As a group, sell-side analysts predict that Intel Corporation will post 1.04 EPS for the current year.

Intel News Summary

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel is collaborating with ZKH’s LingLong Intelligence on an industrial AI model that combines Intel edge processors with industrial data for use in factories and warehouses. The partnership could help Intel grow beyond traditional data-center markets, though the reports provide no near-term revenue estimates. Why Is Intel Pushing Deeper Into Industrial AI With New Edge Tools?
• Neutral Sentiment: Chip shares broadly recovered after a recent selloff, while Nvidia faced reports of a board investigation involving its CEO. That helped keep attention on alternatives such as Intel, but the coverage described Intel as holding steady amid the rival’s decline. NVIDIA Falls as Board Probes CEO; Intel Holds Steady
• Negative Sentiment: Democratic election wins in states with major data-center projects raised investor concerns about tougher AI regulation and constraints on the buildout. That uncertainty has weighed on AI-linked and semiconductor stocks, including Intel. Election Results and the AI Data Center Trade
• Negative Sentiment: Analysts also point to Intel’s weak fourth-quarter earnings outlook and China-related headwinds. Intel’s projected forward earnings multiple is higher than Nvidia’s in one comparison, raising questions about valuation given its ongoing turnaround and money-losing foundry business. Intel Stock Down 57% in the Past 6 Months: Should You Exercise Caution?

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