Foster Victor Wealth Advisors LLC Makes New $202,000 Investment in Intel Corporation $INTC

Key Points

• Foster Victor Wealth Advisors LLC has invested approximately $202,000 in Intel Corporation during the second quarter, acquiring 8,612 shares of the company.
• Intel's stock has seen a price surge of 6.4%, currently trading around $31.22, with a market cap of $136.65 billion.
• The company recently reported an earnings per share (EPS) of ($0.10), missing consensus estimates, despite a revenue of $12.86 billion for the quarter.

Foster Victor Wealth Advisors LLC acquired a new position in Intel Corporation (NASDAQ:INTC - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,612 shares of the chip maker's stock, valued at approximately $202,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Intel by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 377,390,437 shares of the chip maker's stock worth $8,570,537,000 after purchasing an additional 8,291,233 shares in the last quarter. Northern Trust Corp raised its holdings in Intel by 0.3% in the 1st quarter. Northern Trust Corp now owns 45,969,843 shares of the chip maker's stock worth $1,043,975,000 after purchasing an additional 158,288 shares in the last quarter. Invesco Ltd. raised its holdings in Intel by 1.3% in the first quarter. Invesco Ltd. now owns 43,651,076 shares of the chip maker's stock worth $991,316,000 after purchasing an additional 562,246 shares in the last quarter. Amundi raised its holdings in Intel by 22.0% in the first quarter. Amundi now owns 37,878,097 shares of the chip maker's stock worth $849,606,000 after purchasing an additional 6,829,690 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Intel by 3.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 35,025,596 shares of the chip maker's stock worth $795,431,000 after purchasing an additional 1,086,836 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Intel Trading Up 6.4%

NASDAQ INTC opened at $31.22 on Thursday. Intel Corporation has a 12 month low of $17.67 and a 12 month high of $32.38. The stock has a market cap of $136.65 billion, a P/E ratio of -6.55 and a beta of 1.23. The stock's fifty day moving average price is $23.70 and its 200-day moving average price is $22.19. 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 earnings results on Thursday, July 24th. The chip maker reported ($0.10) 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 company had revenue of $12.86 billion during the quarter, compared to analysts' expectations of $11.88 billion. During the same period in the prior year, the company posted $0.02 earnings per share. The company's revenue was up .5% on a year-over-year basis. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. As a group, equities analysts forecast that Intel Corporation will post -0.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

INTC has been the subject of a number of research reports. DZ Bank reiterated a "sell" rating on shares of Intel in a report on Friday, September 19th. JPMorgan Chase & Co. reiterated a "sell" rating and issued a $21.00 price objective on shares of Intel in a report on Friday, September 19th. Mizuho increased their price objective on Intel from $22.00 to $23.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. Citigroup reiterated a "sell" rating and issued a $29.00 price objective (up previously from $24.00) on shares of Intel in a report on Friday, September 19th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Intel in a report on Friday, July 25th. Two equities research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Reduce" and an average price target of $25.23.

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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