Intel Corporation $INTC Shares Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA boosted its stake in Intel Corporation (NASDAQ:INTC) by 13.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,923,124 shares of the chip maker’s stock after buying an additional 345,001 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.06% of Intel worth $351,168,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. ABS Investment Management LLC acquired a new stake in Intel in the second quarter valued at approximately $694,101,000. Montgomery Financial Services LLC acquired a new stake in shares of Intel in the second quarter worth $26,000. Knuff & Co LLC acquired a new stake in shares of Intel in the second quarter worth $29,000. Glynn Capital Management LLC bought a new stake in shares of Intel during the 2nd quarter worth $29,000. Finally, Pathway Financial Advisers LLC bought a new stake in shares of Intel during the 3rd quarter worth $25,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel News Summary

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 Trading Up 7.7%

Shares of INTC opened at $56.28 on Friday. The company has a quick ratio of 1.86, a current ratio of 2.31 and a debt-to-equity ratio of 0.47. Intel Corporation has a 12-month low of $32.89 and a 12-month high of $142.35. The firm has a market capitalization of $299.13 billion, a PE ratio of -23.35, a price-to-earnings-growth ratio of 6.02 and a beta of 2.42. The stock’s fifty day simple moving average is $97.95 and its 200-day simple moving average is $86.60.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, October 29th. The chip maker reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $16.51 billion for the quarter, compared to analyst estimates of $16.56 billion. During the same quarter last year, the firm earned $0.23 EPS. The company’s revenue for the quarter was up 20.9% on a year-over-year basis. As a group, research analysts predict that Intel Corporation will post 1.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $100.00 price target on shares of Intel in a research report on Friday, October 30th. Citigroup lowered their price target on shares of Intel from $130.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, October 30th. KGI Securities raised Intel from a “neutral” rating to an “outperform” rating and set a $95.00 target price for the company in a report on Friday, October 30th. Wedbush reiterated a “neutral” rating and set a $98.00 target price on shares of Intel in a research report on Tuesday, October 27th. Finally, National Bank Financial set a $85.00 price objective on shares of Intel in a research note on Monday, October 19th. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, twenty-eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $97.42.

Insider Transactions at Intel

In related news, CEO Lip Tan bought 150,000 shares of the firm’s stock in a transaction dated Monday, November 2nd. The stock was bought at an average cost of $64.73 per share, for a total transaction of $9,709,500.00. Following the transaction, the chief executive officer owned 1,464,669 shares of the company’s stock, valued at $94,808,024.37. This represents a 11.41% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.05% of the company’s stock.

Intel Company Profile