Cadinha & Co. LLC Boosts Stock Position in Intel Corporation $INTC

Key Points

• Cadinha & Co. LLC increased its stake in Intel Corporation by 83.8%, owning 18,919 shares valued at approximately $424,000 after acquiring an additional 8,625 shares.
• Institutional investors such as Nuveen LLC and Goldman Sachs Group Inc. have also made significant recent investments in Intel, reflecting a broader institutional interest, with 64.53% of Intel's stock owned by such entities.
• Intel reported a quarterly loss of ($0.10) EPS, missing the consensus estimate, while revenue for the quarter was $12.86 billion, surpassing analysts' expectations.

Cadinha & Co. LLC increased its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 83.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,919 shares of the chip maker's stock after acquiring an additional 8,625 shares during the period. Cadinha & Co. LLC's holdings in Intel were worth $424,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Nuveen LLC purchased a new position in shares of Intel in the first quarter worth about $538,430,000. Kingstone Capital Partners Texas LLC acquired a new position in Intel in the 2nd quarter valued at about $345,245,000. Price T Rowe Associates Inc. MD boosted its holdings in Intel by 99.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,829,385 shares of the chip maker's stock valued at $677,426,000 after purchasing an additional 14,901,457 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Intel by 133.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 18,758,658 shares of the chip maker's stock valued at $426,009,000 after purchasing an additional 10,719,274 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Intel by 86.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 22,705,050 shares of the chip maker's stock valued at $508,593,000 after purchasing an additional 10,523,590 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Trading Down 0.9%

INTC stock opened at $36.60 on Thursday. Intel Corporation has a 52 week low of $17.67 and a 52 week high of $39.65. The company has a market cap of $160.19 billion, a price-to-earnings ratio of -7.67 and a beta of 1.33. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. The business has a fifty day simple moving average of $29.81 and a 200-day simple moving average of $24.06.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The chip maker reported ($0.10) EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $11.88 billion. During the same quarter in the prior year, the company earned $0.02 earnings per share. The business's revenue was up .5% compared to the same quarter last year. On average, equities research analysts expect that Intel Corporation will post -0.11 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on INTC shares. Barclays lifted their target price on Intel from $19.00 to $25.00 and gave the company an "equal weight" rating in a report on Friday, September 19th. Roth Capital reissued a "neutral" rating and set a $30.00 price target on shares of Intel in a report on Thursday, September 18th. Erste Group Bank raised Intel from a "sell" rating to a "hold" rating in a research note on Monday, September 22nd. Wall Street Zen raised Intel from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Finally, JPMorgan Chase & Co. reissued a "sell" rating and issued a $21.00 target price on shares of Intel in a report on Friday, September 19th. Two research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and seven have issued a Sell rating to the stock. Based on data from MarketBeat, Intel has an average rating of "Reduce" and an average price target of $29.26.

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.

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