OMERS ADMINISTRATION Corp Acquires Shares of 88,870 Intel Corporation $INTC

Key Points

• OMERS ADMINISTRATION Corp has acquired 88,870 shares of Intel Corporation, valued at approximately $2,018,000, marking a new position in the chip maker's stock during the first quarter.
• Intel's recent quarterly earnings report showed a loss of ($0.10) earnings per share, below the consensus estimate, despite revenue of $12.86 billion exceeding expectations.
• The stock has an average target price of $22.17 from analysts, with the majority rating it as a "Hold" and only one analyst giving it a Buy rating.

OMERS ADMINISTRATION Corp bought a new position in shares of Intel Corporation (NASDAQ:INTC - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund bought 88,870 shares of the chip maker's stock, valued at approximately $2,018,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Intel by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 377,390,437 shares of the chip maker's stock valued at $8,570,537,000 after buying an additional 8,291,233 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings 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 buying an additional 4,793,927 shares in the last quarter. Northern Trust Corp grew its holdings 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 buying an additional 158,288 shares in the last quarter. Invesco Ltd. grew its holdings in Intel by 1.3% during the 1st quarter. Invesco Ltd. now owns 43,651,076 shares of the chip maker's stock valued at $991,316,000 after buying an additional 562,246 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Intel by 3.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 35,025,596 shares of the chip maker's stock valued at $795,431,000 after acquiring an additional 1,086,836 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company's stock.

Intel Price Performance

NASDAQ:INTC traded down $0.58 during mid-day trading on Friday, reaching $24.35. The stock had a trading volume of 63,398,527 shares, compared to its average volume of 137,706,432. The firm has a 50 day moving average price of $22.50 and a two-hundred day moving average price of $21.85. The stock has a market capitalization of $106.58 billion, a P/E ratio of -5.10 and a beta of 1.23. Intel Corporation has a one year low of $17.67 and a one year high of $27.55. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.24.

Intel (NASDAQ:INTC - Get Free Report) last released its 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 return on equity of 3.78% and a negative net margin of 38.64%.The firm had revenue of $12.86 billion during the quarter, compared to the consensus estimate of $11.88 billion. During the same quarter in the previous year, the firm earned $0.02 EPS. The business'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. As a group, analysts expect that Intel Corporation will post -0.11 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on INTC shares. Mizuho lifted their price target on Intel from $22.00 to $23.00 and gave the company a "neutral" rating in a research report on Thursday, July 3rd. JPMorgan Chase & Co. lifted their price target on Intel from $20.00 to $21.00 and gave the company an "underweight" rating in a research report on Friday, July 25th. Rosenblatt Securities reiterated a "sell" rating and set a $14.00 price target on shares of Intel in a research report on Friday, July 25th. Deutsche Bank Aktiengesellschaft began 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. Finally, Needham & Company LLC restated a "hold" rating on shares of Intel in a research report on Friday, July 25th. One research analyst has rated the stock with a Buy rating, twenty-two have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus price target of $22.17.

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.