Intel Corporation $INTC Shares Acquired by Old Port Advisors

Key Points

• Old Port Advisors increased its stake in Intel Corporation by 23.4% during the second quarter, owning 91,894 shares valued at approximately $2.06 million.
• Wall Street analysts have upgraded Intel's stock ratings, with two analysts rating it as a Buy and others suggesting a consensus rating of "Reduce" with an average price target of $25.90.
• Intel reported a negative earnings per share of ($0.10) for the last quarter, missing consensus estimates while achieving $12.86 billion in revenue, which exceeded analyst expectations.

Old Port Advisors increased its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 23.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,894 shares of the chip maker's stock after buying an additional 17,437 shares during the quarter. Old Port Advisors' holdings in Intel were worth $2,058,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in INTC. Westbourne Investments Inc. increased its holdings in shares of Intel by 319.4% in the first quarter. Westbourne Investments Inc. now owns 71,425 shares of the chip maker's stock valued at $1,622,000 after purchasing an additional 54,395 shares during the period. Swedbank AB raised its position in Intel by 5.0% during the 2nd quarter. Swedbank AB now owns 9,467,128 shares of the chip maker's stock worth $212,064,000 after buying an additional 454,234 shares during the last quarter. Czech National Bank lifted its stake in Intel by 7.2% during the 2nd quarter. Czech National Bank now owns 1,066,599 shares of the chip maker's stock valued at $23,892,000 after acquiring an additional 72,065 shares during the period. CHICAGO TRUST Co NA boosted its holdings in shares of Intel by 48.3% in the 2nd quarter. CHICAGO TRUST Co NA now owns 43,742 shares of the chip maker's stock valued at $980,000 after acquiring an additional 14,253 shares during the last quarter. Finally, 180 Wealth Advisors LLC increased its stake in shares of Intel by 124.9% in the first quarter. 180 Wealth Advisors LLC now owns 127,916 shares of the chip maker's stock worth $2,905,000 after acquiring an additional 71,049 shares during the period. Hedge funds and other institutional investors own 64.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Erste Group Bank upgraded shares of Intel from a "sell" rating to a "hold" rating in a research report on Monday, September 22nd. Stifel Nicolaus boosted their price objective on Intel from $21.00 to $24.50 and gave the company a "hold" rating in a report on Monday, July 21st. Cantor Fitzgerald raised their target price on Intel from $26.00 to $36.00 and gave the stock a "neutral" rating in a report on Friday, September 19th. Seaport Res Ptn raised Intel from a "strong sell" rating to a "hold" rating in a report on Wednesday. Finally, Roth Capital restated a "neutral" rating and issued a $30.00 price objective on shares of Intel in a research report on Thursday, September 18th. Two investment analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and five have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average price target of $25.90.

Intel Stock Up 4.4%

Shares of INTC opened at $35.50 on Friday. The firm has a market cap of $155.38 billion, a P/E ratio of -7.44 and a beta of 1.23. Intel Corporation has a 12 month low of $17.67 and a 12 month high of $36.30. The stock's 50 day moving average is $24.17 and its two-hundred day moving average is $22.40. 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 announced its earnings results 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). Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%.The business had revenue of $12.86 billion for the quarter, compared to analyst estimates of $11.88 billion. During the same period in the previous year, the company earned $0.02 earnings per share. The company'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. Analysts predict that Intel Corporation will post -0.11 earnings per share 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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