33,755 Shares in Intel Corporation $INTC Acquired by First Horizon Corp

First Horizon Corp purchased a new stake in Intel Corporation (NASDAQ:INTCFree Report) in the 3rd quarter, Holdings Channel.com reports. The fund purchased 33,755 shares of the chip maker’s stock, valued at approximately $1,132,000.

Several other institutional investors also recently bought and sold shares of INTC. Bank of Nova Scotia grew its position in shares of Intel by 2.3% during the second quarter. Bank of Nova Scotia now owns 2,332,433 shares of the chip maker’s stock worth $52,246,000 after buying an additional 51,383 shares in the last quarter. Norges Bank bought a new position in Intel during the 2nd quarter valued at $1,579,378,000. Engineers Gate Manager LP grew its holdings in Intel by 91.8% during the 2nd quarter. Engineers Gate Manager LP now owns 765,091 shares of the chip maker’s stock worth $17,138,000 after acquiring an additional 366,092 shares in the last quarter. Isthmus Partners LLC increased its position in shares of Intel by 100.1% in the 2nd quarter. Isthmus Partners LLC now owns 247,660 shares of the chip maker’s stock worth $5,548,000 after purchasing an additional 123,895 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Intel by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 385,903,735 shares of the chip maker’s stock worth $8,644,244,000 after purchasing an additional 8,513,298 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Intel

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Intel Trading Down 3.3%

Shares of NASDAQ INTC opened at $44.06 on Tuesday. Intel Corporation has a 12-month low of $17.67 and a 12-month high of $45.73. The company has a market cap of $210.47 billion, a price-to-earnings ratio of 4,410.41, a price-to-earnings-growth ratio of 28.99 and a beta of 1.35. The company has a current ratio of 1.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.38. The stock’s 50 day simple moving average is $38.15 and its 200 day simple moving average is $31.42.

Intel (NASDAQ:INTCGet Free Report) last issued its quarterly earnings data on Thursday, October 23rd. The chip maker reported $0.23 EPS for the quarter. The firm had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.10 billion. Intel had a negative return on equity of 0.75% and a net margin of 0.37%.The firm’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business earned ($0.46) EPS. Intel has set its Q4 2025 guidance at 0.080-0.080 EPS. Equities research analysts expect that Intel Corporation will post -0.11 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Northland Securities increased their price target on shares of Intel from $28.00 to $42.00 in a research report on Friday, September 19th. TD Cowen increased their target price on Intel from $35.00 to $38.00 and gave the stock a “hold” rating in a report on Friday, October 24th. Melius upgraded Intel from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research report on Monday, January 5th. Wedbush boosted their price target on Intel from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Finally, Rosenblatt Securities raised their price objective on Intel from $14.00 to $25.00 and gave the stock a “sell” rating in a research note on Friday, October 24th. Four analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and eight have issued a Sell rating to the company. According to MarketBeat, Intel has an average rating of “Reduce” and an average price target of $35.88.

Read Our Latest Stock Analysis on INTC

Intel Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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