Summit Investment Advisors Inc. Boosts Stock Position in Intel Corporation $INTC

Summit Investment Advisors Inc. raised its position in Intel Corporation (NASDAQ:INTC) by 2.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 184,233 shares of the chip maker’s stock after acquiring an additional 3,736 shares during the quarter. Summit Investment Advisors Inc.’s holdings in Intel were worth $4,184,000 at the end of the most recent quarter.

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

Intel Trading Up 2.4%

Shares of Intel stock opened at $38.13 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.38. The firm has a market cap of $166.90 billion, a price-to-earnings ratio of 3,816.82 and a beta of 1.31. Intel Corporation has a 52-week low of $17.67 and a 52-week high of $42.48. The company’s 50-day simple moving average is $33.35 and its 200-day simple moving average is $25.71.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, October 23rd. The chip maker reported $0.23 earnings per share 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 for the quarter, compared to analyst estimates of $13.10 billion. During the same quarter in the previous year, the company earned ($0.46) EPS. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. Intel has set its Q4 2025 guidance at 0.080-0.080 EPS. As a group, equities research analysts anticipate that Intel Corporation will post -0.11 earnings per share for the current year.

Analysts Set New Price Targets

INTC has been the topic of several analyst reports. Truist Financial raised their target price on shares of Intel from $21.00 to $39.00 and gave the company a “hold” rating in a report on Friday, October 24th. JPMorgan Chase & Co. lifted their price target on shares of Intel from $21.00 to $30.00 and gave the stock an “underweight” rating in a research note on Friday, October 24th. Weiss Ratings restated a “sell (d)” rating on shares of Intel in a research note on Wednesday, October 8th. Evercore ISI lifted their target price on Intel from $23.00 to $41.10 in a research report on Friday, October 24th. Finally, DZ Bank reissued a “sell” rating on shares of Intel in a research report on Friday, October 24th. Two equities research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and eight have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $34.84.

Intel Company 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.