Acadian Asset Management LLC Acquires 527,131 Shares of Intel Corporation $INTC

Key Points

• Acadian Asset Management LLC increased its holdings in Intel Corporation by 146.9%, acquiring 527,131 shares during the first quarter, raising its total to 885,862 shares worth approximately $20.1 million.
• Intel reported a loss of ($0.10) EPS for the most recent quarter, missing analysts' estimates, though revenue was up by 0.5% year-over-year, reaching $12.86 billion.
• Institutional investors own 64.53% of Intel's stock, with numerous hedge funds establishing new positions in the company during the first quarter of 2023.

Acadian Asset Management LLC increased its holdings in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 146.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 885,862 shares of the chip maker's stock after acquiring an additional 527,131 shares during the period. Acadian Asset Management LLC's holdings in Intel were worth $20,110,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in INTC. N.E.W. Advisory Services LLC bought a new position in shares of Intel in the first quarter worth approximately $25,000. HFM Investment Advisors LLC bought a new position in shares of Intel in the first quarter worth approximately $25,000. Vermillion Wealth Management Inc. bought a new position in shares of Intel in the fourth quarter worth approximately $27,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Intel in the first quarter worth approximately $27,000. Finally, LFA Lugano Financial Advisors SA bought a new position in shares of Intel in the first quarter worth approximately $30,000. Institutional investors own 64.53% of the company's stock.

Intel Stock Down 0.6%

Shares of INTC stock opened at $24.61 on Friday. Intel Corporation has a 12 month low of $17.67 and a 12 month high of $27.55. The stock has a market cap of $107.72 billion, a P/E ratio of -5.16 and a beta of 1.23. The company has a current ratio of 1.24, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42. The company has a 50 day simple moving average of $22.88 and a two-hundred day simple moving average of $21.85.

Intel (NASDAQ:INTC - Get Free Report) last announced its earnings results 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 for the quarter, compared to analysts' expectations of $11.88 billion. During the same period in the prior year, the company posted $0.02 earnings per share. The firm's quarterly 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, research analysts expect that Intel Corporation will post -0.11 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on INTC. Citigroup reiterated a "hold" rating on shares of Intel in a research note on Tuesday, July 8th. UBS Group boosted their price objective on shares of Intel from $21.00 to $25.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Needham & Company LLC reissued a "hold" rating on shares of Intel in a report on Friday, July 25th. Stifel Nicolaus boosted their price objective on shares of Intel from $21.00 to $24.50 and gave the company a "hold" rating in a report on Monday, July 21st. Finally, Sanford C. Bernstein reissued a "market perform" rating on shares of Intel in a report on Tuesday, August 19th. One analyst has rated the stock with a Buy rating, twenty-two have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, Intel currently has a consensus rating of "Reduce" and an average price target of $22.17.

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.

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