Exchange Traded Concepts LLC Has $5.59 Million Stake in Intel Corporation $INTC

Key Points

• Exchange Traded Concepts LLC increased its holdings in Intel by 34.1% during the second quarter, owning 249,639 shares valued at $5.59 million.
• Intel reported a loss of ($0.10) EPS for the last quarter, which was below analysts' expectations, despite a 0.5% increase in revenue year-over-year, totaling $12.86 billion.
• Institutional investors and hedge funds collectively own 64.53% of Intel's stock, reflecting significant interest from large financial entities.

Exchange Traded Concepts LLC grew its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 34.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 249,639 shares of the chip maker's stock after buying an additional 63,534 shares during the period. Exchange Traded Concepts LLC's holdings in Intel were worth $5,592,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Intel by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 377,390,437 shares of the chip maker's stock valued at $8,570,537,000 after buying an additional 8,291,233 shares during the period. Northern Trust Corp boosted its position in Intel by 0.3% during 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 during the period. Invesco Ltd. boosted its position in Intel by 1.3% during the 1st 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 during the period. Amundi boosted its position in Intel by 22.0% during the 1st 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 during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Intel by 3.2% during the 1st 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 during the period. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Price Performance

Shares of Intel stock traded down $0.99 on Friday, hitting $29.58. The company had a trading volume of 224,890,676 shares, compared to its average volume of 93,261,976. The business has a 50-day simple moving average of $23.29 and a 200-day simple moving average of $22.01. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.92. The company has a market cap of $129.47 billion, a PE ratio of -6.20 and a beta of 1.23. Intel Corporation has a 52 week low of $17.67 and a 52 week high of $32.38.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The chip maker reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.11). The company had revenue of $12.86 billion during the quarter, compared to the consensus estimate 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 revenue was up .5% on a year-over-year basis. During the same quarter last year, the business earned $0.02 earnings per share. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. Research analysts expect that Intel Corporation will post -0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Roth Capital reaffirmed a "neutral" rating and set a $30.00 price target on shares of Intel in a research report on Thursday. Benchmark upgraded shares of Intel from a "hold" rating to a "buy" rating and set a $43.00 target price on the stock in a research note on Friday. Sanford C. Bernstein restated a "market perform" rating on shares of Intel in a research note on Tuesday, August 19th. JPMorgan Chase & Co. restated a "sell" rating and issued a $21.00 target price on shares of Intel in a research note on Friday. Finally, Barclays upped their target price on shares of Intel from $19.00 to $25.00 and gave the company an "equal weight" rating in a research note on Friday. Two investment analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat.com, Intel currently has a consensus rating of "Reduce" and an average target price of $24.27.

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.