Pinnacle Associates Ltd. Has $1.88 Million Stock Position in Intel Corporation $INTC

Pinnacle Associates Ltd. lifted its holdings in shares of Intel Corporation (NASDAQ:INTC) by 2.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 83,991 shares of the chip maker’s stock after purchasing an additional 1,932 shares during the period. Pinnacle Associates Ltd.’s holdings in Intel were worth $1,881,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. N.E.W. Advisory Services LLC acquired a new position in shares of Intel during the first quarter worth $25,000. HFM Investment Advisors LLC acquired a new position in shares of Intel during the first quarter worth $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Intel during the first quarter worth $27,000. West Branch Capital LLC acquired a new position in shares of Intel during the second quarter worth $28,000. Finally, Olde Wealth Management LLC acquired a new position in shares of Intel during the first quarter worth $31,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Price Performance

INTC stock opened at $39.99 on Monday. The firm has a market cap of $175.04 billion, a price-to-earnings ratio of 4,003.00 and a beta of 1.33. 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 Corporation has a 12-month low of $17.67 and a 12-month high of $42.48. The company’s fifty day simple moving average is $32.01 and its 200 day simple moving average is $25.14.

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

Analyst Upgrades and Downgrades

INTC has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Intel from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of Intel in a report on Wednesday, October 8th. Loop Capital boosted their target price on shares of Intel from $25.00 to $40.00 and gave the company a “hold” rating in a report on Friday, October 24th. Wells Fargo & Company boosted their target price on shares of Intel from $30.00 to $45.00 and gave the company an “equal weight” rating in a report on Friday, October 24th. Finally, Roth Capital boosted their target price on shares of Intel from $30.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, October 24th. One investment analyst has rated the stock with a Buy rating, twenty-three have issued a Hold rating and eight have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $34.18.

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.