State of Michigan Retirement System Has $35.84 Million Stock Position in Intel Corporation $INTC

State of Michigan Retirement System lifted its stake in Intel Corporation (NASDAQ:INTC) by 2.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,599,983 shares of the chip maker’s stock after acquiring an additional 39,500 shares during the quarter. State of Michigan Retirement System’s holdings in Intel were worth $35,840,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of INTC. Allspring Global Investments Holdings LLC increased its position in shares of Intel by 0.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 249,611 shares of the chip maker’s stock valued at $5,504,000 after acquiring an additional 1,153 shares during the last quarter. Golden State Wealth Management LLC increased its position in Intel by 67.1% during the first quarter. Golden State Wealth Management LLC now owns 6,064 shares of the chip maker’s stock worth $138,000 after buying an additional 2,434 shares during the last quarter. Rossby Financial LCC acquired a new position in Intel during the first quarter worth approximately $38,000. Private Trust Co. NA increased its position in Intel by 19.6% during the first quarter. Private Trust Co. NA now owns 25,128 shares of the chip maker’s stock worth $571,000 after buying an additional 4,123 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its position in Intel by 229.3% during the first quarter. Teacher Retirement System of Texas now owns 830,668 shares of the chip maker’s stock worth $18,864,000 after buying an additional 578,447 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analysts Set New Price Targets

INTC has been the topic of a number of recent analyst reports. DZ Bank reissued a “sell” rating on shares of Intel in a research report on Friday, October 24th. Benchmark boosted their price target on Intel from $43.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Stifel Nicolaus boosted their price target on Intel from $21.00 to $24.50 and gave the stock a “hold” rating in a research report on Monday, July 21st. Cowen reissued a “hold” rating on shares of Intel in a research report on Friday, October 24th. Finally, Truist Financial boosted their price target on Intel from $21.00 to $39.00 and gave the stock a “hold” rating in a research report on Friday, October 24th. One analyst has rated the stock with a Buy rating, twenty-three have assigned a Hold rating and eight have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $34.18.

Intel Trading Down 0.4%

Shares of NASDAQ:INTC opened at $39.99 on Friday. Intel Corporation has a 12-month low of $17.67 and a 12-month high of $42.48. The stock has a market cap of $175.04 billion, a PE ratio of 4,003.00 and a beta of 1.33. The business has a 50 day moving average of $32.01 and a 200-day moving average of $25.09. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.38.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, October 23rd. The chip maker reported $0.23 earnings per share (EPS) for the quarter. Intel had a negative return on equity of 0.75% and a net margin of 0.37%.The company had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.10 billion. During the same quarter in the previous year, the company posted ($0.46) earnings per share. The business’s revenue was up 3.0% on a year-over-year basis. Intel has set its Q4 2025 guidance at 0.080-0.080 EPS. As a group, equities research analysts forecast that Intel Corporation will post -0.11 earnings per share for the current year.

About Intel

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.