Intel Corporation $INTC Holdings Raised by Praxis Investment Management Inc.

Key Points

• Praxis Investment Management Inc. raised its stake in Intel Corporation by 20.3%, acquiring an additional 19,250 shares in the second quarter, bringing its total holdings to 114,288 shares valued at approximately $2.56 million.
• Intel recently reported a quarterly revenue of $12.86 billion, slightly above analyst expectations, though it posted a negative earnings per share of ($0.10), missing consensus estimates by ($0.11).
• Research analysts have raised their price targets for Intel, with the consensus target now at $28.54, reflecting a mixture of hold and sell ratings from various firms.

Praxis Investment Management Inc. boosted its stake in Intel Corporation (NASDAQ:INTC - Free Report) by 20.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 114,288 shares of the chip maker's stock after buying an additional 19,250 shares during the quarter. Praxis Investment Management Inc.'s holdings in Intel were worth $2,560,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in INTC. Nuveen LLC purchased a new stake in Intel in the 1st quarter worth approximately $538,430,000. Kingstone Capital Partners Texas LLC purchased a new stake in Intel in the 2nd quarter worth approximately $345,245,000. Price T Rowe Associates Inc. MD lifted its position in Intel by 99.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,829,385 shares of the chip maker's stock worth $677,426,000 after buying an additional 14,901,457 shares in the last quarter. 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 worth $426,009,000 after buying an additional 10,719,274 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in Intel by 86.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 22,705,050 shares of the chip maker's stock worth $508,593,000 after buying an additional 10,523,590 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company's stock.

Intel Stock Performance

NASDAQ:INTC opened at $36.84 on Friday. Intel Corporation has a 1 year low of $17.67 and a 1 year high of $39.65. The firm's fifty day simple moving average is $28.50 and its 200 day simple moving average is $23.62. The company has a current ratio of 1.24, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $161.25 billion, a PE ratio of -7.72 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 (EPS) 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 analyst estimates of $11.88 billion. During the same quarter in the previous year, the business posted $0.02 earnings per share. The business's quarterly revenue was up .5% compared to the same quarter last year. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. On average, sell-side analysts anticipate that Intel Corporation will post -0.11 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Susquehanna raised their price target on shares of Intel from $22.00 to $31.00 and gave the company a "neutral" rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft raised their price target on shares of Intel from $23.00 to $30.00 and gave the company a "hold" rating in a report on Monday, September 29th. Barclays raised their price target on shares of Intel from $19.00 to $25.00 and gave the company an "equal weight" rating in a report on Friday, September 19th. TD Cowen raised their price target on shares of Intel from $20.00 to $35.00 and gave the company a "hold" rating in a report on Friday, October 10th. Finally, DZ Bank restated a "sell" rating on shares of Intel in a report on Friday, September 19th. Two equities research analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and seven have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus target price of $28.54.

Intel 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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