Wrapmanager Inc. Acquires Shares of 8,490 Intel Corporation $INTC

Wrapmanager Inc. acquired a new stake in Intel Corporation (NASDAQ:INTCFree Report) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 8,490 shares of the chip maker’s stock, valued at approximately $313,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Intel by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 404,522,308 shares of the chip maker’s stock valued at $14,926,873,000 after purchasing an additional 13,692,624 shares in the last quarter. Capital World Investors boosted its stake in shares of Intel by 32.5% during the 3rd quarter. Capital World Investors now owns 86,503,121 shares of the chip maker’s stock worth $2,902,180,000 after acquiring an additional 21,230,715 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Intel by 18.3% during the 3rd quarter. Van ECK Associates Corp now owns 55,521,741 shares of the chip maker’s stock worth $1,862,755,000 after acquiring an additional 8,569,812 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Intel by 0.7% during the 3rd quarter. Invesco Ltd. now owns 47,658,924 shares of the chip maker’s stock worth $1,598,957,000 after acquiring an additional 312,485 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Intel by 0.9% during the 3rd quarter. Legal & General Group Plc now owns 33,589,413 shares of the chip maker’s stock worth $1,126,925,000 after acquiring an additional 288,828 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Trending Headlines about Intel

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Intel Price Performance

INTC stock opened at $118.50 on Friday. Intel Corporation has a 1 year low of $18.97 and a 1 year high of $132.75. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.85 and a current ratio of 2.31. The stock’s 50 day moving average price is $73.01 and its 200 day moving average price is $52.98. The firm has a market cap of $595.58 billion, a P/E ratio of -191.13 and a beta of 2.18.

Intel (NASDAQ:INTCGet Free Report) last posted its earnings results on Thursday, April 23rd. The chip maker reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.28. Intel had a positive return on equity of 0.39% and a negative net margin of 5.90%.The firm had revenue of $13.58 billion for the quarter, compared to analyst estimates of $12.32 billion. During the same quarter in the prior year, the company earned $0.13 EPS. Intel’s revenue was up 7.4% on a year-over-year basis. Intel has set its Q2 2026 guidance at 0.200-0.200 EPS. On average, sell-side analysts expect that Intel Corporation will post 0.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

INTC has been the topic of several research analyst reports. Benchmark boosted their price target on Intel from $105.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday. Evercore set a $95.00 price target on Intel in a research note on Friday, April 24th. Sanford C. Bernstein reissued a “neutral” rating on shares of Intel in a research note on Friday, April 24th. Robert W. Baird boosted their price target on Intel from $50.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Finally, Bank of America boosted their price target on Intel from $48.00 to $56.00 and gave the stock an “underperform” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty-five have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $81.52.

View Our Latest Report on Intel

Insider Transactions at Intel

In related news, EVP Boise April Miller sold 40,256 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $99.53, for a total value of $4,006,679.68. Following the sale, the executive vice president owned 105,077 shares of the company’s stock, valued at approximately $10,458,313.81. This represents a 27.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.05% of the company’s stock.

Intel Profile

(Free Report)

Intel Corporation, founded in 1968 by Robert Noyce and Gordon E. Moore and headquartered in Santa Clara, California, is a leading global designer and manufacturer of semiconductor products. The company is historically notable for introducing the first commercial microprocessor and for driving the x86 architecture that underpins many personal computers and servers. Intel’s core business spans the design, fabrication and marketing of processors, chipsets and related components for a wide range of computing applications.

Intel’s product portfolio includes client and mobile processors marketed under brands such as Intel Core and Pentium, as well as high-performance Xeon processors for data centers and cloud infrastructure.

See Also

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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