Intel Corporation $INTC Stake Lessened by Empowered Funds LLC

Key Points

• Empowered Funds LLC reduced its stake in Intel Corporation by 5.8%, owning 488,895 shares valued at approximately $11.1 million as of the last filing.
• Intel's recent quarterly earnings report showed a loss per share of $0.10, missing analysts’ expectations, although its revenue was up 0.5% year-over-year.
• Major institutional investors like Goldman Sachs and Price T Rowe Associates significantly increased their positions in Intel, reflecting a strong interest from the investment community.

Empowered Funds LLC decreased its holdings in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 5.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 488,895 shares of the chip maker's stock after selling 30,067 shares during the quarter. Empowered Funds LLC's holdings in Intel were worth $11,103,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of INTC. Nuveen LLC acquired a new stake in Intel during the 1st quarter worth about $538,430,000. Price T Rowe Associates Inc. MD lifted its position 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 worth $677,426,000 after purchasing an additional 14,901,457 shares in the last quarter. Two Sigma Advisers LP purchased a new stake in shares of Intel in the fourth quarter worth approximately $289,752,000. Two Sigma Investments LP acquired a new stake in shares of Intel during the fourth quarter worth approximately $237,457,000. Finally, Goldman Sachs Group Inc. grew its position 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 valued at $426,009,000 after purchasing an additional 10,719,274 shares in the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Price Performance

Shares of NASDAQ:INTC opened at $24.44 on Wednesday. The stock has a market capitalization of $106.97 billion, a P/E ratio of -5.12 and a beta of 1.23. The business has a 50-day moving average of $22.78 and a two-hundred day moving average of $21.83. Intel Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $27.55. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.92.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on INTC shares. UBS Group increased their target price on shares of Intel from $21.00 to $25.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Loop Capital initiated coverage on shares of Intel in a research note on Monday, July 21st. They issued a "hold" rating and a $25.00 price target on the stock. Sanford C. Bernstein reiterated a "market perform" rating on shares of Intel in a report on Tuesday, August 19th. Stifel Nicolaus lifted their price objective on Intel from $21.00 to $24.50 and gave the company a "hold" rating in a research report on Monday, July 21st. Finally, Mizuho upped their target price on Intel from $22.00 to $23.00 and gave the stock a "neutral" rating in a research report on Thursday, July 3rd. One investment analyst has rated the stock with a Buy rating, twenty-two have assigned a Hold rating and five have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Reduce" and an average price target of $22.17.

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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