Perpetual Ltd Acquires Shares of 89,485 Intel Corporation $INTC

Key Points

• Perpetual Ltd acquired 89,485 shares of Intel Corporation ($INTC) valued at approximately $2,004,000 during Q2, indicating increased institutional interest in the company.
• Intel reported a loss of ($0.10) EPS in its latest quarterly earnings, missing estimates, despite revenue growth of 0.5% year-over-year to $12.86 billion.
• Currently, analysts have a mixed sentiment on Intel, with an average rating of "Reduce" and an average target price of $24.27, reflecting cautious outlook among brokerages.

Perpetual Ltd purchased a new position in Intel Corporation (NASDAQ:INTC - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 89,485 shares of the chip maker's stock, valued at approximately $2,004,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in INTC. Verdence Capital Advisors LLC lifted its stake in 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 purchasing an additional 486 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its stake in shares of Intel by 23.1% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 2,614 shares of the chip maker's stock valued at $59,000 after acquiring an additional 491 shares in the last quarter. one8zero8 LLC raised its stake in shares of Intel by 4.2% during the first quarter. one8zero8 LLC now owns 12,320 shares of the chip maker's stock valued at $280,000 after acquiring an additional 500 shares in the last quarter. Indiana Trust & Investment Management Co raised its stake in shares of Intel by 8.4% during the first quarter. Indiana Trust & Investment Management Co now owns 6,457 shares of the chip maker's stock valued at $147,000 after acquiring an additional 500 shares in the last quarter. Finally, Rise Advisors LLC raised its stake in shares of Intel by 23.8% during the first quarter. Rise Advisors LLC now owns 2,727 shares of the chip maker's stock valued at $62,000 after acquiring an additional 524 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company's stock.

Intel Price Performance

Shares of Intel stock traded up $0.73 during trading hours on Tuesday, reaching $29.49. The stock had a trading volume of 92,597,656 shares, compared to its average volume of 99,470,516. The stock's 50 day moving average is $23.40 and its 200 day moving average is $22.08. The firm has a market capitalization of $129.06 billion, a PE ratio of -6.20 and a beta of 1.23. Intel Corporation has a twelve month low of $17.67 and a twelve month high of $32.38. 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 (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings data 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 analyst estimates of $11.88 billion. During the same quarter last year, the company posted $0.02 EPS. The company's revenue was up .5% on a year-over-year basis. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. Equities analysts expect that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

INTC has been the subject of a number of recent research reports. Citigroup reissued a "sell" rating and issued a $29.00 price objective (up previously from $24.00) on shares of Intel in a research note on Friday. UBS Group boosted their price objective on shares of Intel from $25.00 to $35.00 and gave the stock a "neutral" rating in a research note on Friday. Rosenblatt Securities reissued a "sell" rating and issued a $14.00 price objective on shares of Intel in a research note on Friday, July 25th. Stifel Nicolaus boosted their price objective on shares of Intel from $21.00 to $24.50 and gave the stock a "hold" rating in a research note on Monday, July 21st. Finally, New Street Research boosted their price objective on shares of Intel from $23.00 to $32.00 in a research note on Friday. Two investment analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus price target of $25.23.

Intel Company 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.