Nippon Life Global Investors Americas Inc. Purchases New Holdings in Intel Corporation $INTC

Nippon Life Global Investors Americas Inc. purchased a new position in shares of Intel Corporation (NASDAQ:INTC) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 134,510 shares of the chip maker’s stock, valued at approximately $16,172,000.

Other large investors also recently modified their holdings of the company. State Street Corp grew its holdings in Intel by 1.2% in the second quarter. State Street Corp now owns 216,849,675 shares of the chip maker’s stock worth $30,278,720,000 after purchasing an additional 2,528,657 shares during the period. Primecap Management Co. CA bought a new stake in Intel in the 2nd quarter valued at about $10,507,291,000. Amundi raised its stake in Intel by 14.9% during the 1st quarter. Amundi now owns 38,969,192 shares of the chip maker’s stock worth $1,719,710,000 after buying an additional 5,045,936 shares during the period. Bank of America Corp DE raised its stake in Intel by 35.7% during the 2nd quarter. Bank of America Corp DE now owns 31,724,362 shares of the chip maker’s stock worth $4,429,673,000 after buying an additional 8,342,514 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in 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 worth $1,354,832,000 after acquiring an additional 112,054 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Performance

NASDAQ:INTC opened at $65.76 on Monday. The stock’s fifty day moving average price is $101.10 and its two-hundred day moving average price is $86.36. The company has a market cap of $331.69 billion, a P/E ratio of -27.29, a P/E/G ratio of 6.85 and a beta of 2.42. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.21 and a quick ratio of 1.86. Intel Corporation has a 1 year low of $32.89 and a 1 year high of $142.35.

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

Insider Buying and Selling

In other news, CEO Lip Bu Tan purchased 105,263 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was purchased at an average cost of $95.00 per share, with a total value of $9,999,985.00. Following the acquisition, the chief executive officer directly owned 1,314,669 shares in the company, valued at approximately $124,893,555. This trade represents a 8.70% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.05% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on INTC. JPMorgan Chase & Co. lowered their target price on shares of Intel from $85.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday. Sanford C. Bernstein raised Intel from a “hold” rating to an “outperform” rating in a report on Monday, October 19th. Roth Capital downgraded Intel from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $120.00 to $70.00 in a research note on Friday. Robert W. Baird set a $83.00 target price on Intel in a report on Friday. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $100.00 target price on shares of Intel in a research report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, twenty-seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Intel presently has an average rating of “Hold” and an average target price of $97.86.

More Intel News

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 Profile

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.