Chevy Chase Trust Holdings LLC Raises Stock Holdings in Intel Corporation $INTC

Chevy Chase Trust Holdings LLC increased its position in Intel Corporation (NASDAQ:INTC) by 1.6% in the second quarter, HoldingsChannel.com reports. The fund owned 2,324,340 shares of the chip maker’s stock after buying an additional 36,971 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Intel were worth $52,065,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in INTC. Nuveen LLC purchased a new position in Intel in the 1st quarter worth $538,430,000. Kingstone Capital Partners Texas LLC acquired a new stake in Intel during the 2nd quarter worth about $345,245,000. Price T Rowe Associates Inc. MD grew its position in Intel by 99.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,829,385 shares of the chip maker’s stock worth $677,426,000 after purchasing an additional 14,901,457 shares during the period. Goldman Sachs Group Inc. grew its position in Intel by 133.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 18,758,658 shares of the chip maker’s stock worth $426,009,000 after purchasing an additional 10,719,274 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in Intel by 86.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 22,705,050 shares of the chip maker’s stock worth $508,593,000 after purchasing an additional 10,523,590 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Price Performance

NASDAQ:INTC opened at $37.01 on Friday. Intel Corporation has a 52 week low of $17.67 and a 52 week high of $39.65. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $161.99 billion, a PE ratio of -7.76 and a beta of 1.33. The stock’s 50-day moving average price is $28.85 and its 200-day moving average price is $23.72.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, July 24th. The chip maker reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.11). Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The business had revenue of $12.86 billion for the quarter, compared to analyst estimates of $11.88 billion. During the same quarter last year, the business earned $0.02 earnings per share. Intel’s revenue was up .5% on a year-over-year basis. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. As a group, equities analysts expect that Intel Corporation will post -0.11 EPS for the current fiscal year.

Analysts Set New Price Targets

INTC has been the topic of several analyst reports. Roth Capital reaffirmed a “neutral” rating and set a $30.00 price target on shares of Intel in a research report on Thursday, September 18th. DZ Bank reaffirmed a “sell” rating on shares of Intel in a research report on Friday, September 19th. Benchmark raised Intel from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Friday, September 19th. Loop Capital initiated coverage on Intel in a research report on Monday, July 21st. They set a “hold” rating and a $25.00 price target on the stock. Finally, Wall Street Zen raised Intel from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Two equities research analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and seven have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Intel currently has an average rating of “Reduce” and an average target price of $28.54.

Intel Profile

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.