Cromwell Holdings LLC Acquires 13,834 Shares of Intel Corporation $INTC

Key Points

• Cromwell Holdings LLC increased its holdings in Intel Corporation by a remarkable 2,717.9%, acquiring 13,834 additional shares in the second quarter, bringing its total to 14,343 shares valued at $321,000.
• Several institutional investors have made recent adjustments to their Intel stakes, with 64.53% of the stock currently held by institutional investors and hedge funds.
• Intel reported a loss of $0.10 earnings per share in its latest quarter, which fell short of analysts' expectations, despite a 0.5% year-over-year increase in revenue to $12.86 billion.

Cromwell Holdings LLC lifted its holdings in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 2,717.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,343 shares of the chip maker's stock after acquiring an additional 13,834 shares during the quarter. Cromwell Holdings LLC's holdings in Intel were worth $321,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Verdence Capital Advisors LLC lifted its holdings in Intel by 1.1% during the 1st 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. Independent Wealth Network Inc. lifted its holdings in Intel by 5.2% during the 2nd quarter. Independent Wealth Network Inc. now owns 9,927 shares of the chip maker's stock worth $222,000 after purchasing an additional 490 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its holdings in Intel by 23.1% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 2,614 shares of the chip maker's stock worth $59,000 after purchasing an additional 491 shares during the last quarter. one8zero8 LLC lifted its holdings in Intel by 4.2% during the 1st quarter. one8zero8 LLC now owns 12,320 shares of the chip maker's stock worth $280,000 after purchasing an additional 500 shares during the last quarter. Finally, Indiana Trust & Investment Management Co lifted its holdings in Intel by 8.4% during the 1st quarter. Indiana Trust & Investment Management Co now owns 6,457 shares of the chip maker's stock worth $147,000 after purchasing an additional 500 shares during the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on INTC shares. Sanford C. Bernstein reaffirmed a "neutral" rating on shares of Intel in a report on Thursday. Seaport Res Ptn raised Intel from a "strong sell" rating to a "hold" rating in a report on Wednesday, September 24th. Benchmark raised Intel from a "hold" rating to a "buy" rating and set a $43.00 price objective for the company in a report on Friday, September 19th. Citigroup reaffirmed a "sell" rating and issued a $29.00 price objective (up from $24.00) on shares of Intel in a report on Friday, September 19th. Finally, DZ Bank reaffirmed a "sell" rating on shares of Intel in a report on Friday, September 19th. Two research analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and five have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Reduce" and an average price target of $26.19.

Intel Price Performance

Shares of INTC opened at $37.30 on Friday. Intel Corporation has a 12-month low of $17.67 and a 12-month high of $37.57. The business has a 50-day simple moving average of $25.14 and a two-hundred day simple moving average of $22.72. 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 stock has a market cap of $163.26 billion, a PE ratio of -7.82 and a beta of 1.33.

Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share (EPS) 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 period in the previous year, the company earned $0.02 EPS. Intel'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 anticipate that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

Intel 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.

Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Corporation (NASDAQ:INTC - Free Report).

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.