Drive Wealth Management LLC Invests $203,000 in Intel Corporation $INTC

Key Points

• Drive Wealth Management LLC has invested approximately $203,000 in Intel Corporation by purchasing 9,064 shares during the second quarter.
• Despite a missed earnings reportstrong> with earnings per share of ($0.10), Intel's quarterly revenue increased to $12.86 billion, surpassing consensus estimates.
• Recent analyst ratings show a mix of sentiment, with price targets ranging from $21.00 to $40.00 for Intel stock, indicating a cautious outlook on the company's performance.

Drive Wealth Management LLC bought a new position in Intel Corporation (NASDAQ:INTC - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,064 shares of the chip maker's stock, valued at approximately $203,000.

Other institutional investors have also recently modified their holdings of the company. N.E.W. Advisory Services LLC purchased a new stake in shares of Intel in the first quarter worth $25,000. HFM Investment Advisors LLC purchased a new stake in shares of Intel in the first quarter worth $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Intel in the first quarter worth $27,000. West Branch Capital LLC purchased a new stake in shares of Intel in the second quarter worth $28,000. Finally, LFA Lugano Financial Advisors SA purchased a new stake in shares of Intel in the first quarter worth $30,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Stock Up 0.1%

INTC stock opened at $38.12 on Wednesday. Intel Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $39.65. The business's 50-day moving average is $29.52 and its two-hundred day moving average is $23.97. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.24. The company has a market cap of $166.85 billion, a price-to-earnings ratio of -7.99 and a beta of 1.33.

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

Analyst Ratings Changes

A number of research firms have recently commented on INTC. UBS Group increased their target price on Intel from $35.00 to $40.00 and gave the stock a "neutral" rating in a research note on Monday, October 6th. JPMorgan Chase & Co. reaffirmed a "sell" rating and set a $21.00 price target on shares of Intel in a report on Friday, September 19th. Stifel Nicolaus upped their price target on Intel from $21.00 to $24.50 and gave the company a "hold" rating in a report on Monday, July 21st. Cantor Fitzgerald upped their price target on Intel from $36.00 to $40.00 and gave the company a "neutral" rating in a report on Monday. Finally, TD Cowen upped their price target on Intel from $20.00 to $35.00 and gave the company a "hold" rating in a report on Friday, October 10th. Two equities research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and seven have given a Sell rating to the company. According to MarketBeat, Intel currently has an average rating of "Reduce" and an average price target of $29.22.

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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