Harvest Portfolios Group Inc. Has $491,000 Position in Intel Corporation $INTC

Key Points

• Harvest Portfolios Group Inc. reduced its position in Intel Corporation by 36.0% during the 1st quarter, leaving them with 21,609 shares valued at approximately $491,000.
• Several institutional investors have increased their stakes in Intel, with notable increases from AQR Capital Management and Schonfeld Strategic Advisors, accumulating millions in shares.
• Intel posted a quarterly earnings of ($0.10) EPS, missing analyst expectations, while revenue rose 0.5% year-over-year to $12.86 billion.

Harvest Portfolios Group Inc. cut its stake in Intel Corporation (NASDAQ:INTC - Free Report) by 36.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,609 shares of the chip maker's stock after selling 12,164 shares during the period. Harvest Portfolios Group Inc.'s holdings in Intel were worth $491,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in INTC. Susquehanna Fundamental Investments LLC bought a new stake in Intel in the fourth quarter valued at approximately $5,444,000. The Manufacturers Life Insurance Company boosted its holdings in Intel by 0.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 2,786,564 shares of the chip maker's stock valued at $55,871,000 after acquiring an additional 10,258 shares during the last quarter. Northern Trust Corp boosted its holdings in Intel by 15.5% in the fourth quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock valued at $918,522,000 after acquiring an additional 6,157,853 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Intel by 381.1% in the fourth quarter. AQR Capital Management LLC now owns 4,495,876 shares of the chip maker's stock valued at $90,142,000 after acquiring an additional 3,561,351 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC boosted its holdings in Intel by 2,137.1% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 1,529,631 shares of the chip maker's stock valued at $30,669,000 after acquiring an additional 1,461,255 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

INTC has been the topic of several analyst reports. JPMorgan Chase & Co. upped their target price on Intel from $20.00 to $21.00 and gave the company an "underweight" rating in a report on Friday, July 25th. Benchmark restated a "hold" rating on shares of Intel in a report on Friday, July 25th. Citigroup restated a "hold" rating on shares of Intel in a report on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft assumed coverage on Intel in a report on Wednesday, May 21st. They set a "hold" rating and a $23.00 price target on the stock. Finally, Rosenblatt Securities restated a "sell" rating and set a $14.00 price target on shares of Intel in a report on Friday, July 25th. One investment analyst has rated the stock with a Buy rating, twenty-two have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus target price of $22.17.

Intel Price Performance

Shares of NASDAQ:INTC opened at $24.35 on Wednesday. The firm has a market capitalization of $106.58 billion, a price-to-earnings ratio of -5.10 and a beta of 1.22. The stock's 50 day moving average is $22.29 and its 200-day moving average is $21.79. Intel Corporation has a twelve month low of $17.67 and a twelve month high of $27.55. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly 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). The company had revenue of $12.86 billion during the quarter, compared to analysts' expectations of $11.88 billion. Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The company's quarterly revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.02 earnings per share. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. Sell-side analysts forecast 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.

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