True Freedom Investing LLC Purchases 16,470 Shares of Intel Corporation $INTC

True Freedom Investing LLC acquired a new position in Intel Corporation (NASDAQ:INTC) during the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 16,470 shares of the chip maker’s stock, valued at approximately $1,980,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. State Street Corp increased its holdings in Intel by 1.2% during the 2nd quarter. State Street Corp now owns 216,849,675 shares of the chip maker’s stock valued at $30,278,720,000 after acquiring an additional 2,528,657 shares in the last quarter. Primecap Management Co. CA purchased a new stake in shares of Intel in the second quarter valued at about $10,507,291,000. Amundi lifted its holdings in shares of Intel by 14.9% in the first quarter. Amundi now owns 38,969,192 shares of the chip maker’s stock valued at $1,719,710,000 after purchasing an additional 5,045,936 shares in the last quarter. Bank of America Corp DE lifted its holdings 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 purchasing an additional 8,342,514 shares in the last quarter. Finally, Bank of New York Mellon Corp grew 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 purchasing an additional 112,054 shares during the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Lip Bu Tan acquired 105,263 shares of Intel stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average price of $95.00 per share, with a total value of $9,999,985.00. Following the completion of the purchase, the chief executive officer 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Intel from $85.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday. Wall Street Zen lowered Intel from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings lowered Intel from a “hold (c-)” rating to a “sell (d)” rating in a research note on Friday, October 23rd. Roth Capital cut Intel from a “buy” rating to a “neutral” rating and lowered their target price for the company from $120.00 to $70.00 in a report on Friday. Finally, Tigress Financial increased their target price on Intel from $118.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, September 15th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, twenty-seven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $97.86.

Trending Headlines about Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel’s third-quarter revenue rose 20.9% year over year to $16.51 billion, while adjusted earnings of $0.52 per share exceeded consensus estimates. Data-center growth and the company’s shipment of products built on its advanced 18A process provide evidence that its turnaround remains possible. INTC Q3 deep dive
• Positive Sentiment: Northland Securities raised its earnings estimates for Intel, and some longer-term commentary points to potential benefits from 18A production and strategic investments by the U.S. government, Nvidia and SoftBank. These factors may attract dip buyers, although they have not offset near-term concerns. Northland Securities boosts earnings estimates
• Neutral Sentiment: The broader technology market is also under pressure, with chip stocks contributing to a sharp Nasdaq selloff and investors reducing exposure to cash-intensive artificial-intelligence investments. This market backdrop is amplifying Intel-specific volatility. Nasdaq tumbles as chip stocks fall
• Negative Sentiment: Intel’s outlook is the principal catalyst for selling. Next-quarter revenue guidance of approximately $15.5 billion was materially below analyst expectations, reflecting weaker PC demand and supply or capacity constraints that could limit the recovery. Analyst warns on Intel capacity woes
• Negative Sentiment: Multiple firms, including Seaport Global, Bank of America, Roth Capital and Freedom Broker, downgraded Intel to neutral or hold, while Citigroup, Cantor Fitzgerald, Susquehanna, Truist and other firms cut price targets. Analysts cited execution risk, capacity missteps and a slowing PC market, reinforcing concerns that the stock may remain “dead money” until planning and production problems improve. Seaport Global downgrades Intel

Intel Price Performance

NASDAQ:INTC opened at $65.76 on Monday. The firm has a market cap of $331.69 billion, a price-to-earnings ratio of -27.29, a price-to-earnings-growth ratio of 6.85 and a beta of 2.42. The company has a current ratio of 2.21, a quick ratio of 1.86 and a debt-to-equity ratio of 0.35. The company’s 50-day moving average is $101.10 and its two-hundred day moving average is $86.36. Intel Corporation has a 12-month low of $32.89 and a 12-month high of $142.35.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, October 29th. The chip maker reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.11. The company had revenue of $16.51 billion for the quarter, compared to analysts’ expectations of $16.56 billion. Intel had a negative net margin of 20.09% and a positive return on equity of 4.42%. The firm’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same period last year, the company earned $0.23 EPS. Research analysts expect that Intel Corporation will post 1.07 EPS for the current 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.