2,750,000 Shares in Intel Corporation $INTC Bought by Southpoint Capital Advisors LP

Key Points

• Southpoint Capital Advisors LP has acquired a new position in Intel Corporation by purchasing 2,750,000 shares valued at approximately $62.45 million, representing 1.5% of its portfolio.
• Intel reported a net loss of ($0.10) EPS in its latest quarterly earnings, missing analyst expectations and reflecting a negative net margin of 38.64%.
• Institutional investors and hedge funds own about 64.53% of Intel's stock, highlighting significant institutional interest in the company.

Southpoint Capital Advisors LP purchased a new position in shares of Intel Corporation (NASDAQ:INTC - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,750,000 shares of the chip maker's stock, valued at approximately $62,452,000. Intel accounts for about 1.5% of Southpoint Capital Advisors LP's portfolio, making the stock its 26th biggest holding. Southpoint Capital Advisors LP owned about 0.06% of Intel at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Intel by 2.2% during the first quarter. Vanguard Group Inc. now owns 377,390,437 shares of the chip maker's stock worth $8,570,537,000 after purchasing an additional 8,291,233 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Intel by 8.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,263,339 shares of the chip maker's stock valued at $1,268,430,000 after acquiring an additional 4,793,927 shares during the period. Northern Trust Corp lifted its stake in Intel by 0.3% during the 1st quarter. Northern Trust Corp now owns 45,969,843 shares of the chip maker's stock valued at $1,043,975,000 after acquiring an additional 158,288 shares during the period. Invesco Ltd. boosted its holdings in shares of Intel by 1.3% in the 1st quarter. Invesco Ltd. now owns 43,651,076 shares of the chip maker's stock valued at $991,316,000 after acquiring an additional 562,246 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Intel by 3.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 35,025,596 shares of the chip maker's stock worth $795,431,000 after acquiring an additional 1,086,836 shares during the period. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Stock Performance

Shares of INTC stock opened at $24.35 on Tuesday. The company has a current ratio of 1.24, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42. Intel Corporation has a 12-month low of $17.67 and a 12-month high of $27.55. The business's 50 day moving average is $22.56 and its two-hundred day moving average is $21.85. The company has a market capitalization of $106.58 billion, a P/E ratio of -5.10 and a beta of 1.23.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The chip maker reported ($0.10) EPS 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 business had revenue of $12.86 billion during the quarter, compared to analysts' expectations of $11.88 billion. During the same quarter last year, the firm earned $0.02 earnings per share. The firm's quarterly revenue was up .5% compared to the same quarter last year. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. Analysts expect that Intel Corporation will post -0.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on INTC. Loop Capital began coverage on shares of Intel in a research report on Monday, July 21st. They set a "hold" rating and a $25.00 target price for the company. Rosenblatt Securities reiterated a "sell" rating and set a $14.00 price objective on shares of Intel in a research note on Friday, July 25th. Mizuho raised their target price on Intel from $22.00 to $23.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. JPMorgan Chase & Co. raised their target price on Intel from $20.00 to $21.00 and gave the stock an "underweight" rating in a report on Friday, July 25th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Intel in a research report on Wednesday, May 21st. They set a "hold" rating and a $23.00 price target for the company. One research analyst has rated the stock with a Buy rating, twenty-two have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, Intel presently has a consensus rating of "Reduce" and an average target price of $22.17.

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.

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