Swedbank AB Buys 454,234 Shares of Intel Corporation $INTC

Key Points

• Swedbank AB increased its stake in Intel Corporation by 5.0% during the second quarter, owning 9,467,128 shares valued at $212,064,000.
• Other hedge funds have also adjusted their positions, with notable increases from firms like Sumitomo Mitsui DS Asset Management and Sivia Capital Partners.
• Despite a quarterly earnings miss, Intel reported revenue growth of 0.5% year-over-year, totaling $12.86 billion, and significant adjustments to analyst ratings suggest cautious optimism about its stock performance.

Swedbank AB grew its holdings in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 5.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,467,128 shares of the chip maker's stock after purchasing an additional 454,234 shares during the period. Swedbank AB owned approximately 0.22% of Intel worth $212,064,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Nuveen LLC acquired a new position in Intel during the first quarter worth about $538,430,000. Price T Rowe Associates Inc. MD grew its holdings in Intel by 99.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,829,385 shares of the chip maker's stock worth $677,426,000 after acquiring an additional 14,901,457 shares during the period. Goldman Sachs Group Inc. grew its holdings in Intel by 133.3% during the first quarter. Goldman Sachs Group Inc. now owns 18,758,658 shares of the chip maker's stock worth $426,009,000 after acquiring an additional 10,719,274 shares during the period. Neuberger Berman Group LLC grew its holdings 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 acquiring an additional 10,264,175 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Intel by 2.2% during the first quarter. Vanguard Group Inc. now owns 377,390,437 shares of the chip maker's stock worth $8,570,537,000 after acquiring an additional 8,291,233 shares during the period. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Stock Down 3.2%

Shares of Intel stock traded down $0.99 during trading on Friday, hitting $29.58. 224,890,676 shares of the stock traded hands, compared to its average volume of 93,261,976. The stock has a market cap of $129.47 billion, a P/E ratio of -6.20 and a beta of 1.23. 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 twelve month low of $17.67 and a twelve month high of $32.38. The company has a fifty day moving average price of $23.29 and a two-hundred day moving average price of $22.01.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $12.86 billion for the quarter, compared to analyst estimates of $11.88 billion. Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The firm's quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.02 earnings per share. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. Equities research analysts predict that Intel Corporation will post -0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

INTC has been the topic of a number of research analyst reports. Barclays lifted their target price on Intel from $19.00 to $25.00 and gave the stock an "equal weight" rating in a report on Friday. Rosenblatt Securities reaffirmed a "sell" rating and set a $14.00 target price on shares of Intel in a report on Friday, July 25th. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Intel in a report on Tuesday, August 19th. Mizuho lifted their price target on Intel from $22.00 to $23.00 and gave the stock a "neutral" rating in a research note on Thursday, July 3rd. Finally, JPMorgan Chase & Co. reissued a "sell" rating and issued a $21.00 price target on shares of Intel in a research note on Friday. Two analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and six have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus 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.