Intel Corporation $INTC Shares Newly Bought by NBT Bank N.A.

NBT Bank N.A. purchased a new stake in shares of Intel Corporation (NASDAQ:INTC) in the third quarter, Holdings Channel reports. The firm purchased 43,822 shares of the chip maker’s stock, valued at approximately $5,269,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Root Financial Partners LLC lifted its position in shares of Intel by 18.3% in the 3rd quarter. Root Financial Partners LLC now owns 9,331 shares of the chip maker’s stock worth $1,122,000 after purchasing an additional 1,443 shares during the period. Investment House LLC increased its position in shares of Intel by 723.4% during the third quarter. Investment House LLC now owns 89,252 shares of the chip maker’s stock valued at $10,731,000 after buying an additional 78,413 shares during the period. Powell Investment Advisors LLC raised its stake in Intel by 12.2% in the third quarter. Powell Investment Advisors LLC now owns 3,827 shares of the chip maker’s stock worth $460,000 after buying an additional 417 shares in the last quarter. JSF Financial LLC raised its stake in Intel by 25.9% in the third quarter. JSF Financial LLC now owns 3,159 shares of the chip maker’s stock worth $380,000 after buying an additional 650 shares in the last quarter. Finally, E. Ohman J or Asset Management AB raised its stake in Intel by 2.1% in the third quarter. E. Ohman J or Asset Management AB now owns 158,305 shares of the chip maker’s stock worth $19,033,000 after buying an additional 3,300 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Insider Activity at Intel

In related news, CEO Lip Bu Tan purchased 105,263 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average price of $95.00 per share, for a total transaction of $9,999,985.00. Following the purchase, the chief executive officer directly owned 1,314,669 shares of the company’s stock, valued at approximately $124,893,555. This represents a 8.70% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.05% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Cantor Fitzgerald lowered their price objective on shares of Intel from $150.00 to $125.00 and set a “neutral” rating for the company in a report on Friday, July 24th. Citigroup began coverage on Intel in a research report on Monday. They issued an “outperform” rating for the company. Barclays upgraded Intel from a “hold” rating to an “overweight” rating in a research note on Wednesday, September 16th. Daiwa Securities Group cut Intel from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Finally, New Street Research lifted their price target on Intel from $100.00 to $122.00 in a research report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twenty-seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Intel currently has a consensus rating of “Hold” and an average price target of $107.73.

Key Headlines Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: The FCC granted Intel a waiver allowing the company to use foreign-made robotic devices, potentially easing equipment and supply-chain constraints for its manufacturing operations. FCC grants Intel waiver for foreign-made robotic devices
• Positive Sentiment: Construction progress at Intel’s long-delayed $28 billion Ohio chip project provided evidence that the company is advancing its domestic foundry strategy, while an Arizona fab remains targeted for a 2028 start. Intel Ohio chip project construction milestone
• Positive Sentiment: Analysts expect Intel’s upcoming earnings report to show continued growth, and Nvidia’s investment in Intel was highlighted as a potential vote of confidence in the company’s strategic importance. Intel earnings expectations

Intel Price Performance

Shares of INTC opened at $85.48 on Friday. The stock has a market cap of $431.16 billion, a PE ratio of -40.51, a price-to-earnings-growth ratio of 9.87 and a beta of 2.22. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.25 and a current ratio of 1.60. Intel Corporation has a fifty-two week low of $32.89 and a fifty-two week high of $142.35. The firm’s 50-day simple moving average is $102.28 and its two-hundred day simple moving average is $102.93.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, July 23rd. The chip maker reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.21. Intel had a negative net margin of 19.79% and a positive return on equity of 2.62%. The business had revenue of $16.13 billion during the quarter, compared to the consensus estimate of $14.43 billion. During the same quarter last year, the firm earned ($0.10) earnings per share. The business’s revenue for the quarter was up 25.2% on a year-over-year basis. Analysts anticipate that Intel Corporation will post 1.05 earnings per share for the current fiscal year.

About Intel

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.