USS Investment Management Ltd upped its stake in Intel Corporation (NASDAQ: INTC) by 2.8% in Q4, 207 shares, the firm now holds 774,373 shares worth about $28.6 million.
Other big players tweaked their Intel positions too. Vanguard Group Inc . boosted its stake by 3.5%,adding 13.7 million shares, totaling over 404.5 million shares valued nearly $14.93 billion. State Street Corp grew its holdings by 2.8%,now owning 208.5 million shares worth $7.7 billion after picking up 5.7 million shares. Capital World Investors made bigger waves, raising its stake by 20.3% to 104.1 million shares valued around $3.84 billion.
Geode Capital Management LLC increased its stake by 3.2%, holding 101.9 million shares worth $3.74 billion,while Morgan Stanley bumped up its holdings by 20.4% to 65.2 million shares valued at about $2.41 billion. Institutions now control 64.53% of Intel stock .
Intel stock's been on upswing lately,helped by a double upgrade from Bank of America. They lifted the price target,showing fresh faith in Intel's growth in CPU and foundry areas . Buzz around Intel's potential to tap AI-chip demand has also lifted shares.
Yet,some analysts warn recent gains might be shaky if AI stock euphoria leads to market overreach . Talk of a bubble's been circulating, hinting at possible bumps ahead for Intel and the wider semiconductor sector.
Insider moves at Intel caught attention too. On May 1, Boise April Miller,an EVP, sold 40,256 shares at an average $99.53 each, totaling about $4 million. This sale cut Miller's stake by 27.7%, leaving him with 105,077 shares worth around $10.46 million .
Intel shares opened at $124.57 Monday . Company has $626.09 billion market cap, debt-to-equity ratio of 0.34. Over past year, stock swung between $18.97 and $132.75. Quarterly EPS hit $0.29, beating analysts' $0.01 forecast,with revenue at $13.58 billion, up 7.4% from last year.
Looking ahead,analysts see Intel's EPS at $0.63 this year. Recent reports show mixed ratings: one analyst with Strong Buy, 16 with Buy,27 with Hold,four with Sell. Consensus price target is $87.31, per MarketBeat.com.
Founded in 1968,Intel leads in semiconductor design and manufacturing,famous for pioneering x86 architecture powering computers,servers . Its broad product range includes processors like Intel Core, Xeon series…
