Circle Wealth Management LLC Buys New Position in Intel Corporation $INTC

Key Points

• Circle Wealth Management LLC purchased a new position in Intel Corporation, acquiring 84,345 shares valued at approximately $1,915,000 in the first quarter.
• Multiple institutional investors, including Compound Planning Inc. and Norinchukin Bank, significantly increased their stakes in Intel during the same quarter, reflecting growing interest in the company.
• Despite Intel's negative EPS of ($0.10) reported in its last earnings, revenue grew year-over-year, increasing to $12.86 billion against estimates of $11.88 billion.

Circle Wealth Management LLC purchased a new position in shares of Intel Corporation (NASDAQ:INTC - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 84,345 shares of the chip maker's stock, valued at approximately $1,915,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Compound Planning Inc. increased its holdings in shares of Intel by 109.4% in the 1st quarter. Compound Planning Inc. now owns 31,467 shares of the chip maker's stock valued at $715,000 after acquiring an additional 16,440 shares during the period. Norinchukin Bank The boosted its stake in Intel by 44.8% during the 1st quarter. Norinchukin Bank The now owns 329,410 shares of the chip maker's stock worth $7,481,000 after purchasing an additional 101,929 shares during the period. Channing Capital Management LLC grew its position in Intel by 1.4% during the 1st quarter. Channing Capital Management LLC now owns 427,850 shares of the chip maker's stock worth $9,716,000 after purchasing an additional 5,997 shares during the last quarter. CW Advisors LLC increased its stake in Intel by 5.9% in the first quarter. CW Advisors LLC now owns 371,241 shares of the chip maker's stock valued at $8,446,000 after purchasing an additional 20,529 shares during the period. Finally, Summit Financial LLC raised its holdings in shares of Intel by 4.3% in the first quarter. Summit Financial LLC now owns 55,188 shares of the chip maker's stock valued at $1,253,000 after buying an additional 2,286 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on INTC. JPMorgan Chase & Co. upped their price objective on Intel from $20.00 to $21.00 and gave the company an "underweight" rating in a research note on Friday, July 25th. Mizuho lifted their price objective on shares of Intel from $22.00 to $23.00 and gave the company a "neutral" rating in a research report on Thursday, July 3rd. Loop Capital assumed coverage on shares of Intel in a research report on Monday, July 21st. They set a "hold" rating and a $25.00 price objective for the company. UBS Group raised their target price on shares of Intel from $21.00 to $25.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Intel in a research note on Wednesday, May 21st. They set a "hold" rating and a $23.00 price target on the stock. One research analyst has rated the stock with a Buy rating, twenty-three have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Reduce" and an average target price of $22.17.

Intel Price Performance

Shares of NASDAQ INTC opened at $23.50 on Friday. 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 Corporation has a one year low of $17.67 and a one year high of $27.55. The firm has a market capitalization of $102.86 billion, a P/E ratio of -4.93 and a beta of 1.22. The company's fifty day moving average is $22.05 and its two-hundred day moving average is $21.66.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data 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 net margin of 38.64% and a negative return on equity of 3.78%. The company had revenue of $12.86 billion during the quarter, compared to analyst estimates of $11.88 billion. During the same quarter last year, the business earned $0.02 EPS. The firm's revenue for the quarter was up .5% on a year-over-year basis. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. Analysts forecast that Intel Corporation will post -0.11 EPS for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.