Letko Brosseau & Associates Inc. Increases Position in Intel Corporation $INTC

Letko Brosseau & Associates Inc. grew its position in shares of Intel Corporation (NASDAQ:INTC) by 2.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,981,545 shares of the chip maker’s stock after purchasing an additional 77,220 shares during the period. Letko Brosseau & Associates Inc.’s holdings in Intel were worth $66,787,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Independent Wealth Network Inc. lifted its stake in Intel by 5.2% during the 2nd quarter. Independent Wealth Network Inc. now owns 9,927 shares of the chip maker’s stock worth $222,000 after acquiring an additional 490 shares in the last quarter. Cary Street Partners Investment Advisory LLC increased its stake in Intel by 23.1% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 2,614 shares of the chip maker’s stock worth $59,000 after purchasing an additional 491 shares during the period. one8zero8 LLC lifted its position in shares of Intel by 4.2% during the first quarter. one8zero8 LLC now owns 12,320 shares of the chip maker’s stock worth $280,000 after purchasing an additional 500 shares in the last quarter. Indiana Trust & Investment Management Co boosted its stake in shares of Intel by 8.4% in the first quarter. Indiana Trust & Investment Management Co now owns 6,457 shares of the chip maker’s stock valued at $147,000 after purchasing an additional 500 shares during the period. Finally, Cedar Mountain Advisors LLC grew its holdings in shares of Intel by 17.4% in the second quarter. Cedar Mountain Advisors LLC now owns 3,381 shares of the chip maker’s stock valued at $76,000 after purchasing an additional 500 shares in the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Stock Performance

Shares of Intel stock opened at $35.52 on Friday. The firm’s fifty day simple moving average is $34.63 and its 200-day simple moving average is $26.34. Intel Corporation has a 12 month low of $17.67 and a 12 month high of $42.48. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.60 and a quick ratio of 1.25. The stock has a market capitalization of $169.68 billion, a price-to-earnings ratio of 3,555.56 and a beta of 1.31.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, October 23rd. The chip maker reported $0.23 EPS 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 quarter last year, the firm earned ($0.46) earnings per share. The firm’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. As a group, equities analysts forecast that Intel Corporation will post -0.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on INTC shares. Wedbush raised their price target on shares of Intel from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. TD Cowen lifted their target price on Intel from $35.00 to $38.00 and gave the company a “hold” rating in a report on Friday, October 24th. JPMorgan Chase & Co. upped their price target on Intel from $21.00 to $30.00 and gave the stock an “underweight” rating in a report on Friday, October 24th. Northland Securities lifted their price objective on Intel from $28.00 to $42.00 in a research note on Friday, September 19th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Intel in a research note on Thursday. 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’s stock. According to MarketBeat, Intel currently has a consensus rating of “Reduce” and an average target price of $34.84.

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.