Intel Corporation $INTC Stock Sold by Carnegie Lake Advisors LLC

Carnegie Lake Advisors LLC reduced its holdings in shares of Intel Corporation (NASDAQ:INTC) by 89.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,400 shares of the chip maker’s stock after selling 19,718 shares during the period. Carnegie Lake Advisors LLC’s holdings in Intel were worth $289,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of INTC. ABS Investment Management LLC acquired a new position in shares of Intel in the 2nd quarter valued at about $694,101,000. Montgomery Financial Services LLC acquired a new stake in Intel during the second quarter worth approximately $26,000. Knuff & Co LLC acquired a new stake in Intel during the second quarter worth approximately $29,000. Glynn Capital Management LLC bought a new stake in Intel in the second quarter worth approximately $29,000. Finally, Pathway Financial Advisers LLC bought a new stake in Intel in the third quarter worth approximately $25,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Intel

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

Analyst Ratings Changes

Several equities analysts have issued reports on the company. National Bank Financial set a $85.00 price target on Intel in a research note on Monday, October 19th. Roth Capital downgraded shares of Intel from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $120.00 to $70.00 in a research report on Friday, October 30th. Rosenblatt Securities lowered their price objective on shares of Intel from $80.00 to $70.00 and set a “sell” rating for the company in a research note on Friday, October 30th. Cantor Fitzgerald dropped their target price on shares of Intel from $125.00 to $90.00 and set a “neutral” rating on the stock in a research report on Friday, October 30th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $100.00 target price on shares of Intel in a research report on Sunday, October 25th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, twenty-eight have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Intel currently has an average rating of “Hold” and an average price target of $97.42.

More Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel joined a broad recovery in semiconductor stocks as investors bought shares after Thursday’s steep AI-related selloff. The rebound lifted the Nasdaq, though worries about interest rates and AI spending persisted. Market and chip-stock rebound
• Positive Sentiment: CEO Lip-Bu Tan bought 150,000 shares for about $9.7 million, increasing his direct ownership by 11.4%. The insider purchase may signal confidence, although it does not resolve Intel’s operating challenges. Report on CEO share purchase
• Positive Sentiment: Intel technology is being used in Atsign’s EdgeAI platform, while a separate report highlighted Xeon processors for enterprise AI workloads. These developments support Intel’s effort to build AI-related demand beyond traditional PC chips. Intel EdgeAI and Xeon developments
• Negative Sentiment: The recovery follows pressure from Intel’s fourth-quarter revenue outlook of $15 billion to $16 billion and management’s warning that PC weakness could extend into 2027. A securities law firm has also announced an investigation into potential investor claims; this is an investigation notice, not a finding of wrongdoing. Investigation notice and outlook concerns
• Negative Sentiment: Analyst estimate reductions and ongoing concerns about losses in Intel Foundry add to doubts about earnings momentum and the execution of its turnaround. Analysis of Intel Foundry risks

Intel Price Performance

Shares of NASDAQ:INTC opened at $56.28 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.95 and a current ratio of 2.31. Intel Corporation has a 52-week low of $32.89 and a 52-week high of $142.35. The business’s 50 day simple moving average is $97.95 and its two-hundred day simple moving average is $86.60. The firm has a market cap of $299.13 billion, a P/E ratio of -23.35, a PEG ratio of 6.02 and a beta of 2.42.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, October 29th. The chip maker reported $0.52 EPS for the quarter, beating the consensus estimate of $0.41 by $0.11. Intel had a positive return on equity of 4.70% and a negative net margin of 20.09%. The firm had revenue of $16.51 billion during the quarter, compared to the consensus estimate of $16.56 billion. During the same quarter in the previous year, the company posted $0.23 earnings per share. The company’s quarterly revenue was up 20.9% on a year-over-year basis. As a group, research analysts forecast that Intel Corporation will post 1.04 EPS for the current fiscal year.

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