74,417 Intel Corporation $INTC Shares Sold by Ibex Wealth Advisors

Ibex Wealth Advisors decreased its holdings in shares of Intel Corporation (NASDAQ:INTC) by 81.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,865 shares of the chip maker’s stock after selling 74,417 shares during the quarter. Ibex Wealth Advisors’ holdings in Intel were worth $2,028,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of Intel by 1.2% during the 2nd quarter. State Street Corp now owns 216,849,675 shares of the chip maker’s stock worth $30,278,720,000 after buying an additional 2,528,657 shares during the period. Primecap Management Co. CA bought a new position in Intel in the 2nd quarter valued at about $10,507,291,000. Amundi raised its holdings in Intel by 14.9% in the 1st quarter. Amundi now owns 38,969,192 shares of the chip maker’s stock valued at $1,719,710,000 after acquiring an additional 5,045,936 shares during the period. Bank of America Corp DE lifted its position in Intel by 35.7% during the second quarter. Bank of America Corp DE now owns 31,724,362 shares of the chip maker’s stock worth $4,429,673,000 after acquiring an additional 8,342,514 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in Intel by 87.1% during the third quarter. Assenagon Asset Management S.A. now owns 30,214,769 shares of the chip maker’s stock worth $3,632,722,000 after acquiring an additional 14,063,302 shares during the last quarter. 64.53% of the stock is owned by institutional investors.

Key Intel News

These are some of the INTC news items that stood out recently:

• Positive Sentiment: Intel and RadixArk announced work to optimize open-source SGLang inference on Intel platforms, a move aimed at improving developer choice and performance for AI workloads. Article: Intel and RadixArk collaboration
• Neutral Sentiment: CEO Lip-Bu Tan said AI workloads could revive demand for CPUs, with inference and agentic computing supporting a potential “CPU renaissance.” However, he also warned of a possible healthy AI-market pullback and worsening memory shortages, tempering the outlook. Article: Intel CEO on CPU demand
• Negative Sentiment: Some analysts and commentators remain cautious: one article argues AMD has stronger prospects and a more attractive valuation, while another recommends waiting for Intel’s fourth-quarter results. These concerns add to scrutiny of Intel’s valuation and turnaround execution. Article: AMD or Intel Article: Waiting for Intel’s Q4 numbers

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on INTC shares. TD Cowen reduced their price objective on Intel from $95.00 to $75.00 and set a “hold” rating for the company in a report on Friday, October 30th. Seaport Research Partners downgraded Intel from a “buy” rating to a “neutral” rating in a research report on Friday, October 30th. Pivotal Research initiated coverage on Intel in a research note on Tuesday, September 8th. They set a “buy” rating on the stock. Zacks Research raised Intel from a “hold” rating to a “strong-buy” rating in a report on Monday, October 26th. Finally, Barclays upgraded Intel from a “hold” rating to an “overweight” rating in a research note on Wednesday, September 16th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, twenty-eight have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $96.93.

Intel Stock Performance

Intel stock traded down $1.54 during midday trading on Friday, hitting $59.66. The company’s stock had a trading volume of 102,211,925 shares, compared to its average volume of 146,395,888. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.31 and a quick ratio of 1.95. The company has a market cap of $317.09 billion, a price-to-earnings ratio of -24.76, a PEG ratio of 6.55 and a beta of 2.42. Intel Corporation has a 1-year low of $32.89 and a 1-year high of $142.35. The company has a 50-day moving average price of $94.97 and a two-hundred day moving average price of $86.90.

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

Insider Activity

In related news, CEO Lip Tan purchased 150,000 shares of Intel stock in a transaction that occurred on Monday, November 2nd. The shares were acquired at an average price of $64.73 per share, with a total value of $9,709,500.00. Following the completion of the transaction, the chief executive officer directly owned 1,464,669 shares of the company’s stock, valued at $94,808,024.37. This represents a 11.41% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.05% of the company’s stock.

Intel Company Profile

Intel Corporation is a semiconductor company that designs and manufactures processors and related technologies. Its products include central processing units for personal computers and servers, graphics and AI accelerators, and platforms and components for data center, networking, and edge computing applications. The company also operates Intel Foundry, which provides semiconductor manufacturing, packaging, and related services for Intel and external customers. Intel serves customers and businesses around the world through its products, technologies, and manufacturing operations.