MFG Wealth Management Inc. purchased a new stake in shares of Intel Corporation (NASDAQ:INTC – Free Report) during the fourth quarter, Holdings Channel reports. The firm purchased 23,954 shares of the chip maker’s stock, valued at approximately $884,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Corundum Trust Company INC bought a new position in shares of Intel during the 3rd quarter valued at about $29,000. Provenance Wealth Advisors LLC raised its holdings in shares of Intel by 89.2% during the 3rd quarter. Provenance Wealth Advisors LLC now owns 946 shares of the chip maker’s stock valued at $32,000 after buying an additional 446 shares in the last quarter. GoalVest Advisory LLC bought a new stake in Intel in the 3rd quarter worth approximately $34,000. Strengthening Families & Communities LLC bought a new stake in Intel in the 3rd quarter worth approximately $33,000. Finally, Holos Integrated Wealth LLC purchased a new stake in Intel in the fourth quarter worth approximately $42,000. Institutional investors own 64.53% of the company’s stock.
Intel Stock Down 5.0%
Shares of NASDAQ INTC opened at $43.87 on Friday. The firm’s fifty day moving average is $46.68 and its 200 day moving average is $39.51. Intel Corporation has a 52 week low of $17.67 and a 52 week high of $54.60. The company has a quick ratio of 1.65, a current ratio of 2.02 and a debt-to-equity ratio of 0.35. The company has a market cap of $219.13 billion, a price-to-earnings ratio of -548.31, a PEG ratio of 17.12 and a beta of 1.37.
Insider Transactions at Intel
In related news, EVP Boise April Miller sold 20,000 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $49.05, for a total transaction of $981,000.00. Following the transaction, the executive vice president owned 113,060 shares in the company, valued at $5,545,593. The trade was a 15.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP David Zinsner purchased 5,882 shares of the stock in a transaction on Monday, January 26th. The shares were acquired at an average cost of $42.50 per share, with a total value of $249,985.00. Following the transaction, the executive vice president directly owned 247,392 shares in the company, valued at $10,514,160. The trade was a 2.44% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 0.04% of the company’s stock.
Wall Street Analysts Forecast Growth
INTC has been the topic of several research reports. Northland Securities set a $54.00 price target on shares of Intel in a research note on Friday, January 23rd. Rosenblatt Securities upped their price objective on shares of Intel from $25.00 to $30.00 and gave the company a “sell” rating in a research note on Friday, January 23rd. New Street Research increased their target price on shares of Intel from $40.00 to $50.00 and gave the company a “neutral” rating in a report on Monday, January 26th. Sanford C. Bernstein reiterated a “neutral” rating on shares of Intel in a research report on Tuesday, February 17th. Finally, Benchmark boosted their price target on shares of Intel from $50.00 to $57.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Five analysts have rated the stock with a Buy rating, twenty-six have issued a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $45.74.
Get Our Latest Stock Analysis on INTC
Key Intel News
Here are the key news stories impacting Intel this week:
- Positive Sentiment: Intel’s collaboration with Versa to run AI-powered security, networking and analytics at the intelligent edge (using Intel Xeon 6 processors) reinforces its push into edge AI and enterprise deployment channels. Versa and Intel Collaborate
- Positive Sentiment: Reports that Intel’s Xeon 6 is being used as the processor inside NVIDIA DGX Rubin NVL8 systems signal Intel is winning design wins in AI infrastructure, which can translate to higher server CPU demand if adoption continues. Intel Xeon 6 in NVIDIA DGX Rubin
- Positive Sentiment: Analyst and media coverage has recently highlighted Intel’s renewed AI-hardware push, which helped drive gains earlier this year as investors began to re-rate INTC on AI progress rather than legacy PC/server weakness. Intel Gains as AI Push Takes Hold
- Neutral Sentiment: Mixed analyst commentary and valuation debate continue: several pieces examine whether current levels reflect a durable AI-led turnaround or remain vulnerable to execution/competitive risks and mixed fundamentals. Intel Stock Analysis
- Negative Sentiment: Market headlines point to a pullback driven by sector pressure, rising competition (and profit-taking after INTC’s strong run), which has pushed the stock lower amid broader semiconductor weakness. Intel Dips 5%, Sector Pressure
- Negative Sentiment: Some reports note the stock sold off despite product/gaming improvements, suggesting investors remain focused on margins, guidance clarity and competitiveness versus peers (AMD, NVIDIA, others). Intel Plunges Despite Gaming Improvement
Intel Company Profile
Intel Corporation, founded in 1968 by Robert Noyce and Gordon E. Moore and headquartered in Santa Clara, California, is a leading global designer and manufacturer of semiconductor products. The company is historically notable for introducing the first commercial microprocessor and for driving the x86 architecture that underpins many personal computers and servers. Intel’s core business spans the design, fabrication and marketing of processors, chipsets and related components for a wide range of computing applications.
Intel’s product portfolio includes client and mobile processors marketed under brands such as Intel Core and Pentium, as well as high-performance Xeon processors for data centers and cloud infrastructure.
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