33,650 Shares in Intel Corporation $INTC Bought by Econ Financial Services Corp

Key Points

• Econ Financial Services Corp has purchased 33,650 shares of Intel Corporation, valued at approximately $754,000, indicating growing interest from institutional investors.
• Intel's quarterly earnings report revealed an EPS of $0.23, surpassing the consensus estimate of $0.21, and showing a 3.0% increase in revenue year-over-year.
• Analysts have set a consensus price target of $33.65 for Intel shares, with a majority rating the stock as a Hold, reflecting mixed market sentiment.

Econ Financial Services Corp acquired a new position in shares of Intel Corporation (NASDAQ:INTC - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 33,650 shares of the chip maker's stock, valued at approximately $754,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of INTC. Vanguard Group Inc. increased its position in 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 buying an additional 8,291,233 shares in the last quarter. Northern Trust Corp increased its position in Intel by 0.3% during the first quarter. Northern Trust Corp now owns 45,969,843 shares of the chip maker's stock worth $1,043,975,000 after buying an additional 158,288 shares in the last quarter. Invesco Ltd. increased its position in Intel by 1.3% during the first quarter. Invesco Ltd. now owns 43,651,076 shares of the chip maker's stock worth $991,316,000 after buying an additional 562,246 shares in the last quarter. Amundi increased its position in Intel by 22.0% during the first quarter. Amundi now owns 37,878,097 shares of the chip maker's stock worth $849,606,000 after buying an additional 6,829,690 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Intel by 3.2% during 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 buying an additional 1,086,836 shares in the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on INTC. Sanford C. Bernstein reissued a "neutral" rating on shares of Intel in a research report on Thursday, October 2nd. Wall Street Zen raised Intel from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. TD Cowen raised their price target on Intel from $35.00 to $38.00 and gave the stock a "hold" rating in a research report on Friday, October 24th. Deutsche Bank Aktiengesellschaft lifted their price objective on Intel from $23.00 to $30.00 and gave the company a "hold" rating in a research report on Monday, September 29th. Finally, Wedbush lifted their price objective on Intel from $19.00 to $20.00 and gave the company a "neutral" rating in a research report on Wednesday, October 22nd. Two analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and eight have assigned a Sell rating to the stock. According to MarketBeat, Intel has a consensus rating of "Reduce" and a consensus price target of $33.65.

Intel Price Performance

Shares of NASDAQ:INTC opened at $41.53 on Wednesday. The company has a market cap of $181.78 billion, a P/E ratio of 4,157.16 and a beta of 1.33. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.38. Intel Corporation has a 52 week low of $17.67 and a 52 week high of $42.48. The business has a fifty day simple moving average of $31.02 and a 200-day simple moving average of $24.66.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data on Thursday, October 23rd. The chip maker reported $0.23 EPS 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 during the quarter, compared to the consensus estimate of $13.10 billion. During the same quarter in the previous year, the business earned ($0.46) earnings per share. The business's revenue for the quarter was up 3.0% on a year-over-year basis. Intel has set its Q4 2025 guidance at 0.080-0.080 EPS. Equities research analysts forecast that Intel Corporation will post -0.11 EPS 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.

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