Cornerstone Wealth Group LLC Buys 7,465 Shares of Intel Corporation $INTC

Key Points

• Cornerstone Wealth Group LLC increased its stake in Intel Corporation by 55.1%, acquiring an additional 7,465 shares to reach a total of 21,019 shares valued at approximately $471,000.
• Analyst ratings for Intel are mixed, with two Buy ratings, twenty-two Hold ratings, and eight Sell ratings; the current average price target is $27.60.
• Intel's recent quarterly earnings showed a loss of ($0.10) per share, missing expectations, although the company reported revenue of $12.86 billion, slightly above analyst estimates.

Cornerstone Wealth Group LLC grew its stake in Intel Corporation (NASDAQ:INTC - Free Report) by 55.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,019 shares of the chip maker's stock after acquiring an additional 7,465 shares during the quarter. Cornerstone Wealth Group LLC's holdings in Intel were worth $471,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC increased its stake in Intel by 33.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 666,600 shares of the chip maker's stock worth $15,138,000 after purchasing an additional 168,103 shares in the last quarter. Ritholtz Wealth Management boosted its position in Intel by 31.1% during the 1st quarter. Ritholtz Wealth Management now owns 25,946 shares of the chip maker's stock worth $589,000 after acquiring an additional 6,162 shares during the last quarter. Sowell Financial Services LLC boosted its position in Intel by 7.5% during the 1st quarter. Sowell Financial Services LLC now owns 53,667 shares of the chip maker's stock worth $1,219,000 after acquiring an additional 3,746 shares during the last quarter. Adero Partners LLC acquired a new position in Intel during the 1st quarter worth approximately $282,000. Finally, Sagespring Wealth Partners LLC boosted its position in Intel by 86.8% during the 1st quarter. Sagespring Wealth Partners LLC now owns 25,116 shares of the chip maker's stock worth $570,000 after acquiring an additional 11,670 shares during the last quarter. 64.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on INTC. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Intel in a research report on Wednesday, October 8th. UBS Group upped their price target on Intel from $35.00 to $40.00 and gave the stock a "neutral" rating in a research report on Monday, October 6th. Rosenblatt Securities reissued a "sell" rating and issued a $14.00 price objective on shares of Intel in a report on Friday, July 25th. Seaport Res Ptn raised shares of Intel from a "strong sell" rating to a "hold" rating in a research note on Wednesday, September 24th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Intel from $23.00 to $30.00 and gave the company a "hold" rating in a research note on Monday, September 29th. Two investment analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and eight have given a Sell rating to the company's stock. Based on data from MarketBeat, Intel presently has an average rating of "Reduce" and an average price target of $27.60.

Intel Trading Down 4.3%

Shares of Intel stock opened at $35.63 on Wednesday. The business has a fifty day simple moving average of $27.83 and a two-hundred day simple moving average of $23.42. Intel Corporation has a 1 year low of $17.67 and a 1 year high of $39.65. The company has a market capitalization of $155.95 billion, a price-to-earnings ratio of -7.47 and a beta of 1.33. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.92.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share (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 business had revenue of $12.86 billion for the quarter, compared to analyst estimates of $11.88 billion. During the same period in the prior year, the business earned $0.02 EPS. The company's revenue for the quarter was up .5% compared to the same quarter last year. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. Research analysts forecast that Intel Corporation will post -0.11 EPS for the current 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.

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