Journey Strategic Wealth LLC Boosts Stock Position in Intel Corporation $INTC

Journey Strategic Wealth LLC boosted its stake in shares of Intel Corporation (NASDAQ:INTC) by 207.9% in the second quarter, Holdings Channel reports. The fund owned 37,191 shares of the chip maker’s stock after purchasing an additional 25,112 shares during the period. Journey Strategic Wealth LLC’s holdings in Intel were worth $833,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Independent Wealth Network Inc. lifted its holdings in shares of Intel by 5.2% during the second quarter. Independent Wealth Network Inc. now owns 9,927 shares of the chip maker’s stock worth $222,000 after purchasing an additional 490 shares during the period. Cary Street Partners Investment Advisory LLC increased its stake in Intel by 23.1% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 2,614 shares of the chip maker’s stock valued at $59,000 after buying an additional 491 shares during the period. HHM Wealth Advisors LLC raised its position in Intel by 6.3% during the 2nd quarter. HHM Wealth Advisors LLC now owns 8,384 shares of the chip maker’s stock worth $188,000 after buying an additional 497 shares during the last quarter. one8zero8 LLC raised its position in Intel by 4.2% during the 1st quarter. one8zero8 LLC now owns 12,320 shares of the chip maker’s stock worth $280,000 after buying an additional 500 shares during the last quarter. Finally, Indiana Trust & Investment Management Co lifted its stake in shares of Intel by 8.4% in the 1st quarter. Indiana Trust & Investment Management Co now owns 6,457 shares of the chip maker’s stock worth $147,000 after acquiring an additional 500 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. HSBC boosted their price target on shares of Intel from $24.00 to $26.00 in a research note on Friday, October 24th. Evercore ISI lifted their price objective on Intel from $23.00 to $41.10 in a report on Friday, October 24th. Tigress Financial increased their target price on Intel from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Wall Street Zen raised Intel from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Finally, Bank of America restated an “underperform” rating and issued a $34.00 price target on shares of Intel in a research note on Monday, October 13th. Two investment analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and eight have issued a Sell rating to the stock. Based on data from MarketBeat.com, Intel currently has a consensus rating of “Reduce” and an average price target of $34.84.

Intel Price Performance

INTC stock opened at $34.50 on Friday. The firm has a 50 day moving average of $35.63 and a 200-day moving average of $26.79. The company has a market cap of $164.81 billion, a price-to-earnings ratio of 3,453.45 and a beta of 1.31. The company has a current ratio of 1.60, a quick ratio of 1.25 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.

Intel (NASDAQ:INTC) last released its quarterly earnings results 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 business had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.10 billion. During the same quarter in the prior year, the firm posted ($0.46) EPS. The company’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 expect that Intel Corporation will post -0.11 EPS for the current fiscal year.

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.