Bank of Nova Scotia Sells 748,107 Shares of Intel Corporation $INTC

Bank of Nova Scotia trimmed its holdings in shares of Intel Corporation (NASDAQ:INTC) by 32.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,584,326 shares of the chip maker’s stock after selling 748,107 shares during the period. Bank of Nova Scotia’s holdings in Intel were worth $53,154,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of INTC. Norges Bank bought a new stake in Intel during the second quarter worth about $1,579,378,000. Capital World Investors boosted its position in Intel by 32.5% during the third quarter. Capital World Investors now owns 86,503,121 shares of the chip maker’s stock valued at $2,902,180,000 after purchasing an additional 21,230,715 shares during the last quarter. AQR Capital Management LLC grew its stake in Intel by 210.9% in the second quarter. AQR Capital Management LLC now owns 15,498,219 shares of the chip maker’s stock valued at $346,230,000 after purchasing an additional 10,514,007 shares in the last quarter. Van ECK Associates Corp grew its stake in Intel by 18.3% in the third quarter. Van ECK Associates Corp now owns 55,521,741 shares of the chip maker’s stock valued at $1,862,755,000 after purchasing an additional 8,569,812 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Intel by 2.3% during 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. Institutional investors own 64.53% of the company’s stock.

Insider Transactions at Intel

In other news, EVP Boise April Miller sold 20,000 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $49.05, for a total value of $981,000.00. Following the completion of the sale, the executive vice president owned 113,060 shares of the company’s stock, valued at approximately $5,545,593. The trade was a 15.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP David Zinsner purchased 5,882 shares of the firm’s stock in a transaction that occurred on Monday, January 26th. The stock was acquired at an average price of $42.50 per share, for a total transaction of $249,985.00. Following the completion of the purchase, the executive vice president directly owned 247,392 shares of the company’s stock, valued at $10,514,160. This represents a 2.44% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.04% of the company’s stock.

Intel News Summary

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Product roadmap and launches are supporting demand expectations — Intel’s recent Panther Lake/Core Ultra processor announcements and related refreshes (desktop Core Ultra 200S Plus / Arrow Lake refresh) have buoyed sentiment by reinforcing Intel’s competitiveness in CPUs and gaming performance, which helped lift the stock earlier in the week. Intel (INTC) Stock Climbs Following Panther Lake Announcement and Processor Launches
• Positive Sentiment: Foundry margin target could improve long-term profitability — Intel’s CFO reiterated a goal of driving the foundry business to break-even margins by 2027, a constructive sign for future EBITDA contribution if external customer traction and process improvements materialize. Intel Aims Break-Even Margins for Foundry Business by 2027
• Neutral Sentiment: Increased investor attention but no clear directional catalyst — Recent coverage notes heightened interest in INTC, which can amplify moves but does not change fundamentals by itself. Monitor volume and sentiment for short-term volatility. Intel Corporation (INTC) is Attracting Investor Attention
• Neutral Sentiment: Analyst/sector snapshots remain mixed — Market pieces note the microchip sector is “neutral” amid macro and geopolitical noise; that backdrop can cap upside until clearer demand signals arrive. NVDA, INTC and AMD Forecasts – Microchips Stay Neutral Despite Outside Pressures
• Negative Sentiment: Shareholder lawsuit over reported 10% U.S. government stake creates governance and legal risk — Multiple reports say a shareholder has sued to unwind the arrangement, alleging the deal was made for political reasons and raising questions about disclosure, board decision-making and potential regulatory scrutiny; that story has driven volatility and could weigh on sentiment if it escalates. Intel shareholder sues over 10% stake deal with U.S. government – report

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Raymond James Financial began coverage on Intel in a research note on Friday, November 21st. They set a “market perform” rating on the stock. Melius Research raised shares of Intel from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research note on Monday, January 5th. Rosenblatt Securities boosted their target price on shares of Intel from $25.00 to $30.00 and gave the stock a “sell” rating in a report on Friday, January 23rd. Tigress Financial reaffirmed a “buy” rating and set a $66.00 price target on shares of Intel in a research report on Wednesday, January 28th. Finally, UBS Group set a $51.00 price target on shares of Intel in a research note on Monday, February 2nd. Five research analysts have rated the stock with a Buy rating, twenty-six have given a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $45.74.

Intel Price Performance

Shares of NASDAQ INTC opened at $45.77 on Monday. The firm has a market cap of $228.62 billion, a P/E ratio of -572.05, a price-to-earnings-growth ratio of 16.96 and a beta of 1.37. The business’s 50 day moving average is $46.35 and its 200-day moving average is $39.01. The company has a current ratio of 2.02, a quick ratio of 1.65 and a debt-to-equity ratio of 0.35. Intel Corporation has a 1-year low of $17.67 and a 1-year high of $54.60.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 22nd. The chip maker reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.07. Intel had a negative return on equity of 0.44% and a negative net margin of 0.51%.The business had revenue of $13.67 billion during the quarter, compared to the consensus estimate of $13.37 billion. During the same period in the previous year, the company posted $0.13 EPS. The firm’s quarterly revenue was down 4.2% on a year-over-year basis. Intel has set its Q1 2026 guidance at 0.000-0.000 EPS. Equities research analysts predict that Intel Corporation will post -0.11 earnings per share for the current year.

About Intel

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.