Intel Corporation $INTC Shares Bought by State Street Corp

Key Points

• State Street Corp raised its Intel stake by 1.6% in Q2, buying 3.17 million shares to hold 203,617,629 shares (4.65% of the company) valued at about $4.56 billion, alongside other large institutional purchases from entities like Norges Bank and Price T. Rowe.
• Intel recently reported $0.23 EPS and $13.65 billion in revenue (beat estimates), but posted a razor-thin net margin (0.37%) and negative ROE; shares traded down ~2.7% near $40 and the stock has a consensus analyst rating of "Reduce" with an average price target of $34.84.
• Analyst views are mixed — several firms raised targets (e.g., Roth to $40, Benchmark to $50) while others downgraded, leaving a split of two Buy, 24 Hold and eight Sell ratings and reflecting divergent expectations for Intel's outlook.

State Street Corp lifted its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 1.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 203,617,629 shares of the chip maker's stock after purchasing an additional 3,168,824 shares during the period. State Street Corp owned 4.65% of Intel worth $4,561,035,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in INTC. Norges Bank purchased a new stake in Intel in the 2nd quarter valued at $1,579,378,000. Kingstone Capital Partners Texas LLC acquired a new position in shares of Intel during the 2nd quarter valued at about $345,245,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Intel by 99.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 29,829,385 shares of the chip maker's stock valued at $677,426,000 after purchasing an additional 14,901,457 shares during the period. Assenagon Asset Management S.A. increased its position in Intel by 86.4% during the second quarter. Assenagon Asset Management S.A. now owns 22,705,050 shares of the chip maker's stock worth $508,593,000 after purchasing an additional 10,523,590 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its position in Intel by 1,091.1% during the first quarter. Neuberger Berman Group LLC now owns 11,204,926 shares of the chip maker's stock worth $254,641,000 after purchasing an additional 10,264,175 shares during the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Stock Down 2.7%

Shares of NASDAQ:INTC opened at $40.30 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.60 and a quick ratio of 1.25. The firm has a market capitalization of $192.51 billion, a PE ratio of 4,034.03 and a beta of 1.34. The firm's 50-day moving average is $37.77 and its two-hundred day moving average is $28.29. Intel Corporation has a 1 year low of $17.67 and a 1 year high of $44.02.

Intel (NASDAQ:INTC - Get Free Report) last released its earnings results on Thursday, October 23rd. The chip maker reported $0.23 earnings per share (EPS) for the quarter. Intel had a net margin of 0.37% and a negative return on equity of 0.75%. The company had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.10 billion. During the same period in the prior year, the business earned ($0.46) EPS. The firm's quarterly revenue was up 3.0% on a year-over-year basis. Intel has set its Q4 2025 guidance at 0.080-0.080 EPS. Analysts predict that Intel Corporation will post -0.11 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on INTC shares. Roth Capital boosted their target price on shares of Intel from $30.00 to $40.00 and gave the company a "neutral" rating in a report on Friday, October 24th. Truist Financial lifted their price target on shares of Intel from $21.00 to $39.00 and gave the company a "hold" rating in a research report on Friday, October 24th. Wall Street Zen upgraded Intel from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. Benchmark raised their target price on Intel from $43.00 to $50.00 and gave the stock a "buy" rating in a research note on Friday, October 24th. Finally, Hsbc Global Res downgraded Intel from a "hold" rating to a "moderate sell" rating in a research report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and eight have assigned a Sell rating to the company. According to data from MarketBeat.com, Intel presently has a consensus rating of "Reduce" and a consensus price target of $34.84.

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.

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