SRB Corp Purchases Shares of 2,185,098 Intel Corporation $INTC

Key Points

• SRB Corp has acquired a significant stake in Intel Corporation, purchasing 2,185,098 shares valued at approximately $49.6 million, which now makes up about 3.2% of its portfolio.
• Intel’s shares have recently experienced a 3.7% decline, with the stock currently trading at $23.66, while analysts suggest an average target price of $22.17 with a current average rating of "Hold."
• The company reported a loss of ($0.10) earnings per share for the last quarter, missing analyst estimates, although it achieved revenue of $12.86 billion, exceeding expectations.

SRB Corp bought a new stake in Intel Corporation (NASDAQ:INTC - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,185,098 shares of the chip maker's stock, valued at approximately $49,624,000. Intel accounts for 3.2% of SRB Corp's investment portfolio, making the stock its 13th biggest holding. SRB Corp owned approximately 0.05% of Intel as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Cornerstone Advisory LLC grew its position in shares of Intel by 4.3% in the fourth quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker's stock valued at $198,000 after purchasing an additional 409 shares during the period. Verdence Capital Advisors LLC lifted its stake in shares of Intel by 1.1% in the first quarter. Verdence Capital Advisors LLC now owns 45,682 shares of the chip maker's stock worth $1,037,000 after buying an additional 486 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its stake in shares of Intel by 23.1% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 2,614 shares of the chip maker's stock worth $59,000 after buying an additional 491 shares in the last quarter. one8zero8 LLC lifted its stake in shares of Intel by 4.2% in the first quarter. one8zero8 LLC now owns 12,320 shares of the chip maker's stock worth $280,000 after buying an additional 500 shares in the last quarter. Finally, Lakeridge Wealth Management LLC lifted its stake in shares of Intel by 4.4% in the first quarter. Lakeridge Wealth Management LLC now owns 12,521 shares of the chip maker's stock worth $284,000 after buying an additional 525 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on INTC. Seaport Res Ptn raised shares of Intel to a "strong sell" rating in a research note on Wednesday, April 30th. Wells Fargo & Company decreased their price target on shares of Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Intel in a research note on Tuesday. Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a research note on Friday, July 25th. Finally, UBS Group lifted their target price on shares of Intel from $21.00 to $25.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. One equities research analyst has rated the stock with a Buy rating, twenty-three have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Reduce" and an average target price of $22.17.

Intel Trading Up 5.5%

Shares of INTC traded up $1.30 during trading on Friday, reaching $24.80. 196,468,412 shares of the company traded hands, compared to its average volume of 139,018,528. Intel Corporation has a twelve month low of $17.67 and a twelve month high of $27.55. The stock has a market cap of $108.55 billion, a PE ratio of -5.20 and a beta of 1.22. The stock has a 50-day simple moving average of $22.15 and a 200-day simple moving average of $21.70. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.11). Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The company had revenue of $12.86 billion for the quarter, compared to analyst estimates of $11.88 billion. During the same quarter in the prior year, the business earned $0.02 earnings per share. Intel's revenue was up .5% on a year-over-year basis. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. On average, analysts anticipate that Intel Corporation will post -0.11 earnings per share for the current 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.