Intel Corporation $INTC Shares Purchased by Adage Capital Partners GP L.L.C.

Key Points

• Adage Capital Partners GP L.L.C. increased its stake in Intel Corporation by 12.2% during the first quarter, now owning 4,298,685 shares valued at approximately $97.6 million.
• Intel's shares have recently experienced a 0.6% decline, with the stock trading at $24.21 and a 52-week range between $17.67 and $27.55.
• Recent quarterly earnings report showed Intel had an EPS of ($0.10), missing the consensus estimate, while revenue was up 0.5% year-over-year at $12.86 billion.

Adage Capital Partners GP L.L.C. boosted its stake in Intel Corporation (NASDAQ:INTC - Free Report) by 12.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,298,685 shares of the chip maker's stock after acquiring an additional 469,000 shares during the period. Adage Capital Partners GP L.L.C. owned 0.10% of Intel worth $97,623,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in INTC. Cornerstone Advisory LLC lifted its stake in shares of Intel by 4.3% in the 4th quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker's stock worth $198,000 after acquiring an additional 409 shares during the period. Verdence Capital Advisors LLC lifted its stake in shares of Intel by 1.1% in the 1st quarter. Verdence Capital Advisors LLC now owns 45,682 shares of the chip maker's stock worth $1,037,000 after acquiring an additional 486 shares during the period. Cary Street Partners Investment Advisory LLC lifted its stake in shares of Intel by 23.1% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 2,614 shares of the chip maker's stock worth $59,000 after acquiring an additional 491 shares during the period. one8zero8 LLC lifted its stake in shares of Intel by 4.2% in the 1st quarter. one8zero8 LLC now owns 12,320 shares of the chip maker's stock worth $280,000 after acquiring an additional 500 shares during the period. Finally, Lakeridge Wealth Management LLC lifted its stake in shares of Intel by 4.4% in the 1st quarter. Lakeridge Wealth Management LLC now owns 12,521 shares of the chip maker's stock worth $284,000 after acquiring an additional 525 shares during the period. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Stock Down 0.6%

Shares of NASDAQ INTC opened at $24.21 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. Intel Corporation has a 52 week low of $17.67 and a 52 week high of $27.55. The firm has a 50-day moving average price of $22.59 and a 200 day moving average price of $21.87. The stock has a market capitalization of $105.97 billion, a price-to-earnings ratio of -5.08 and a beta of 1.23.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The chip maker reported ($0.10) EPS for the quarter, missing the consensus estimate 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 company had revenue of $12.86 billion during the quarter, compared to analyst estimates of $11.88 billion. During the same quarter last year, the business earned $0.02 EPS. The firm's revenue for the quarter was up .5% on a year-over-year basis. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. Equities research analysts anticipate that Intel Corporation will post -0.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Mizuho raised their target price on shares of Intel from $22.00 to $23.00 and gave the stock a "neutral" rating in a research note on Thursday, July 3rd. Sanford C. Bernstein restated a "market perform" rating on shares of Intel in a research note on Tuesday, August 19th. Loop Capital assumed coverage on shares of Intel in a research note on Monday, July 21st. They issued a "hold" rating and a $25.00 target price for the company. Needham & Company LLC restated a "hold" rating on shares of Intel in a research note on Friday, July 25th. Finally, Citigroup restated a "hold" rating on shares of Intel in a research note on Tuesday, July 8th. One analyst has rated the stock with a Buy rating, twenty-two have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, Intel has a consensus rating of "Reduce" and a consensus target price of $22.17.

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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