BlackRock Amends Intel Stake, Remains Major Passive Holder
Ticker: INTC · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 50863
| Field | Detail |
|---|---|
| Company | Intel CORP (INTC) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock still owns a big chunk of Intel, showing continued institutional confidence.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, indicating its ownership of Intel Corporation's common stock as of December 31, 2023. This filing, Amendment No. 14, updates their previous disclosures, showing their continued significant, but passive, stake in Intel. This matters to investors because BlackRock is one of the world's largest asset managers, and their holdings can influence market perception and stability of the stock.
Why It Matters
BlackRock's continued significant ownership signals institutional confidence in Intel, which can reassure current and potential investors about the stock's long-term viability.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate negative or positive catalysts for the stock.
Analyst Insight
Investors should view this as a routine update from a major institutional holder, reinforcing Intel's status as a widely held stock, but it doesn't signal any immediate buy or sell action.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Intel Corporation (company) — the issuer of the securities
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 14 (number) — the specific amendment number of the filing
Forward-Looking Statements
- BlackRock will maintain a significant, passive stake in Intel for the foreseeable future. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and '(Amendment No: 14)' in the filing.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., as stated under '(1)Names of reporting persons. BlackRock, Inc.' in the filing.
What company's securities are being reported on?
The securities being reported on are those of INTEL CORPORATION, as specified under '(Name of Issuer) INTEL CORPORATION' in the filing.
What is the CUSIP number for the securities mentioned?
The CUSIP number for the Common Stock of Intel Corporation is 458140100, as listed under 'CUSIP No. 458140100' in the filing.
As of what date does the reported ownership information apply?
The reported ownership information is as of December 31, 2023, which is stated as the 'Date of Event Which Requires Filing of this Statement'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding INTEL CORP (INTC).