Korea Investment CORP Trims Stock Position in Intel Corporation $INTC

Korea Investment CORP cut its holdings in Intel Corporation (NASDAQ:INTC) by 22.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,041,244 shares of the chip maker’s stock after selling 592,135 shares during the period. Korea Investment CORP’s holdings in Intel were worth $45,724,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in INTC. Elevation Point Wealth Partners LLC increased its position in shares of Intel by 30.4% during the 2nd quarter. Elevation Point Wealth Partners LLC now owns 14,153 shares of the chip maker’s stock worth $317,000 after purchasing an additional 3,297 shares during the last quarter. Quadrant Capital Group LLC lifted its position in Intel by 27.9% in the second quarter. Quadrant Capital Group LLC now owns 76,958 shares of the chip maker’s stock valued at $1,724,000 after buying an additional 16,790 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Intel by 4.3% during the second quarter. Russell Investments Group Ltd. now owns 2,066,086 shares of the chip maker’s stock worth $46,407,000 after buying an additional 84,763 shares during the period. Boxwood Ventures Inc. acquired a new stake in shares of Intel during the second quarter valued at about $360,000. Finally, J.W. Cole Advisors Inc. raised its stake in shares of Intel by 8.8% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 88,644 shares of the chip maker’s stock valued at $1,986,000 after acquiring an additional 7,138 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Up 2.7%

Shares of NASDAQ:INTC opened at $36.81 on Friday. Intel Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $42.48. The firm’s 50 day moving average price is $36.43 and its 200 day moving average price is $27.22. 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 stock has a market cap of $175.84 billion, a price-to-earnings ratio of 3,684.68 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 company had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.10 billion. During the same period in the prior year, the firm posted ($0.46) EPS. The company’s quarterly 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 research analysts predict that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. UBS Group upped their price objective on shares of Intel from $35.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, October 6th. Mizuho upped their price target on Intel from $39.00 to $41.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. Loop Capital lifted their price objective on Intel from $25.00 to $40.00 and gave the company a “hold” rating in a research note on Friday, October 24th. Truist Financial boosted their price objective on Intel from $21.00 to $39.00 and gave the company a “hold” rating in a report on Friday, October 24th. Finally, Cantor Fitzgerald increased their target price on Intel from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, October 20th. Two research analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and eight have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $34.84.

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.