ICONIQ Capital LLC Has $573,000 Stock Position in Intel Corporation $INTC

Key Points

• ICONIQ Capital LLC increased its stake in Intel Corporation by 147.1%, taking its holdings to 25,216 shares valued at $573,000 as of the latest SEC filing.
• Multiple institutional investors have entered or expanded their positions in Intel, with notable purchases made by Nebula Research & Development and Johnson Financial Group, enhancing institutional ownership to 64.53%.
• Despite an increase in revenue to $12.86 billion, Intel reported a loss of ($0.10) EPS for the last quarter, which was below analysts' consensus estimates, indicating ongoing struggles amid broader financial challenges.

ICONIQ Capital LLC boosted its stake in Intel Corporation (NASDAQ:INTC - Free Report) by 147.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,216 shares of the chip maker's stock after buying an additional 15,012 shares during the period. ICONIQ Capital LLC's holdings in Intel were worth $573,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cornerstone Advisory LLC raised its holdings in Intel by 4.3% during the 4th quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker's stock worth $198,000 after buying an additional 409 shares during the period. Verdence Capital Advisors LLC raised its holdings in shares of Intel by 1.1% during the first quarter. Verdence Capital Advisors LLC now owns 45,682 shares of the chip maker's stock valued at $1,037,000 after acquiring an additional 486 shares during the period. Cary Street Partners Investment Advisory LLC lifted its position in shares of Intel by 23.1% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 2,614 shares of the chip maker's stock valued at $59,000 after acquiring an additional 491 shares in the last quarter. one8zero8 LLC boosted its stake in Intel by 4.2% in 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 period. Finally, Lakeridge Wealth Management LLC grew its position in Intel by 4.4% during the 1st quarter. Lakeridge Wealth Management LLC now owns 12,521 shares of the chip maker's stock worth $284,000 after purchasing an additional 525 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Intel Price Performance

Shares of NASDAQ INTC traded up $0.08 during midday trading on Thursday, reaching $24.93. 59,413,837 shares of the company traded hands, compared to its average volume of 99,275,133. The stock's 50-day simple moving average is $22.36 and its 200-day simple moving average is $21.81. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.24. Intel Corporation has a 12 month low of $17.67 and a 12 month high of $27.55. The firm has a market cap of $109.12 billion, a PE ratio of -5.23 and a beta of 1.22.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $12.86 billion during 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%.Intel's revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.02 earnings per share. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. As a group, equities analysts anticipate that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on INTC. Sanford C. Bernstein reiterated a "market perform" rating on shares of Intel in a report on Tuesday, August 19th. UBS Group boosted their price target on Intel from $21.00 to $25.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Rosenblatt Securities reaffirmed a "sell" rating and set a $14.00 price objective on shares of Intel in a research report on Friday, July 25th. Citigroup restated a "hold" rating on shares of Intel in a report on Tuesday, July 8th. Finally, Seaport Res Ptn upgraded shares of Intel to a "strong sell" rating in a report on Wednesday, April 30th. One analyst has rated the stock with a Buy rating, twenty-two have issued a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Reduce" and an average price target of $22.17.

About Intel

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.