Engine NO. 1 LLC Acquires Shares of 2,420,000 Intel Corporation $INTC

Key Points

• Engine NO. 1 LLC invested approximately $54.96 million in Intel Corporation, acquiring 2,420,000 shares, making Intel around 70.1% of its investment portfolio.
• Intel's recent earnings report showed a loss of ($0.10) EPS, missing analyst estimates, but the company also reported a revenue increase of 0.5% year-over-year.
• Wall Street analysts have mixed views on Intel, with one Buy rating, twenty-two Holds, and five Sells, leading to a consensus rating of "Reduce" and a price target of $22.17.

Engine NO. 1 LLC purchased a new stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,420,000 shares of the chip maker's stock, valued at approximately $54,958,000. Intel comprises about 70.1% of Engine NO. 1 LLC's investment portfolio, making the stock its biggest holding. Engine NO. 1 LLC owned about 0.06% of Intel at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of INTC. Nuveen LLC acquired a new stake in Intel during the 1st quarter worth $538,430,000. Price T Rowe Associates Inc. MD boosted its position in shares of Intel by 99.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,829,385 shares of the chip maker's stock worth $677,426,000 after purchasing an additional 14,901,457 shares in the last quarter. Two Sigma Advisers LP bought a new stake in Intel in the 4th quarter valued at $289,752,000. Two Sigma Investments LP bought a new stake in Intel in the 4th quarter valued at $237,457,000. Finally, Goldman Sachs Group Inc. lifted its position in 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 acquiring an additional 10,719,274 shares in the last quarter. 64.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on INTC shares. Benchmark reiterated a "hold" rating on shares of Intel in a research note on Friday, July 25th. Stifel Nicolaus lifted their price target on shares of Intel from $21.00 to $24.50 and gave the company a "hold" rating in a research note on Monday, July 21st. Citigroup reiterated a "hold" rating on shares of Intel in a research note on Tuesday, July 8th. JPMorgan Chase & Co. lifted their price target on shares of Intel from $20.00 to $21.00 and gave the company an "underweight" rating in a research note on Friday, July 25th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Intel in a research note on Wednesday, May 21st. They issued a "hold" rating and a $23.00 price target on the stock. One investment analyst has rated the stock with a Buy rating, twenty-two have assigned a Hold rating and five have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Reduce" and a consensus price target of $22.17.

Intel Stock Performance

Shares of Intel stock traded down $0.58 during trading on Friday, hitting $24.35. 63,398,527 shares of the stock were exchanged, compared to its average volume of 137,706,432. The stock has a market capitalization of $106.58 billion, a price-to-earnings ratio of -5.10 and a beta of 1.23. The company has a fifty day moving average price of $22.50 and a 200-day moving average price of $21.85. Intel Corporation has a 1-year low of $17.67 and a 1-year high of $27.55. The company has a current ratio of 1.24, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The chip maker reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.11). The firm had revenue of $12.86 billion for the quarter, compared to analyst estimates of $11.88 billion. Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%.The firm's revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.02 earnings per share. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. As a group, equities analysts predict that Intel Corporation will post -0.11 EPS for the current fiscal year.

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.