Intel’s Stock Sees Institutional Confidence with Generali Asset Management’s Stake Purchase
Intel Corporation (NASDAQ: INTC) witnessed a surge in institutional interest as Generali Asset Management SPA SGR recently acquired 254,254 shares of the chipmaker’s stock during the fourth quarter, according to its latest 13F filing with the SEC. The new stake is valued at approximately $5.1 million, signaling growing confidence in Intel’s long-term potential despite recent market volatility.
Other institutional investors and hedge funds also expanded their positions in INTC stock. Notable increases include:
- Dunhill Financial LLC: Boosted its stake by 22.6% in Q3, now holding 2,380 shares valued at $56,000.
- CFM Wealth Partners LLC: Increased its holdings by 4.0% in Q4, owning 13,114 shares worth $263,000.
- Wealth Quarterback LLC: Raised its position by 2.0%, with 25,458 shares valued at $510,000.
- Missouri Trust & Investment Co: Added 550 shares, raising its stake by 3.6% to 15,650 shares, worth $314,000.
- Riverview Trust Co: Increased its holdings by 2.0%, now owning 28,567 shares valued at $573,000.
Overall, institutional ownership of Intel stock stands at 64.53%, reflecting strong backing from fund managers despite recent challenges.
Analysts Adjust Price Targets on Intel Stock
Intel’s stock has been the subject of multiple price target revisions by leading analysts:
- Cantor Fitzgerald: Upgraded its target from $22 to $29 with a neutral rating.
- JPMorgan Chase & Co.: Lowered its target from $26 to $23, giving the stock an underweight rating.
- Barclays: Dropped its target from $25 to $23, assigning an equal weight rating.
- Benchmark: Maintained a hold rating on the stock.
- Truist Financial: Reduced its price target from $22 to $21, keeping a hold rating.
According to MarketBeat.com, Intel stock holds an average rating of “Hold” from 33 analysts, with four issuing sell ratings, 28 recommending hold, and only one analyst issuing a buy rating. The consensus price target stands at $27.04, reflecting a modest upside potential.
Intel Stock Sees Positive Movement
On Wednesday, Intel shares opened at $25.92, marking a 0.9% gain. The stock has a 50-day moving average of $21.68 and a 200-day moving average of $21.93. With a market capitalization of $112.23 billion, Intel’s P/E ratio stands at -5.92, and the company has a beta of 1.02, reflecting moderate volatility.
The company’s 1-year range fluctuated between $18.51 and $45.41, with a debt-to-equity ratio of 0.44, a quick ratio of 0.98, and a current ratio of 1.33, indicating stable liquidity.
Intel’s Q4 Earnings Miss Estimates
In its Q4 earnings report, released on January 30th, Intel posted a $0.02 loss per share, missing the consensus estimate of $0.12 by $0.14. The company reported a negative return on equity of 3.27% and a net margin of -35.32%, raising concerns about profitability challenges.
Despite the disappointing earnings, Intel’s stock continues to attract institutional interest, suggesting that investors remain optimistic about its long-term AI and semiconductor growth potential.
