MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $134.63 Million Stake in Intel Corporation $INTC

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Intel by 5.4%, owning 5,928,205 shares valued at approximately $134.63 million.
• Institutional investors hold about 64.53% of Intel's stock, with various firms recently making new acquisitions and adjustments to their positions.
• Intel reported a loss of $0.10 earnings per share in its last earnings release, missing analysts' expectations, despite revenue of $12.86 billion.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 5.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,928,205 shares of the chip maker's stock after purchasing an additional 303,109 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.14% of Intel worth $134,630,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Cornerstone Advisory LLC lifted its position in shares of Intel by 4.3% during the fourth quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker's stock worth $198,000 after purchasing an additional 409 shares in the last quarter. Verdence Capital Advisors LLC increased its stake in Intel by 1.1% during the first quarter. Verdence Capital Advisors LLC now owns 45,682 shares of the chip maker's stock valued at $1,037,000 after purchasing an additional 486 shares during the last quarter. Cary Street Partners Investment Advisory LLC increased its stake in Intel by 23.1% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 2,614 shares of the chip maker's stock valued at $59,000 after purchasing an additional 491 shares during the last quarter. one8zero8 LLC increased its stake in Intel by 4.2% during the first quarter. one8zero8 LLC now owns 12,320 shares of the chip maker's stock valued at $280,000 after purchasing an additional 500 shares during the last quarter. Finally, Lakeridge Wealth Management LLC increased its stake in Intel by 4.4% during the first quarter. Lakeridge Wealth Management LLC now owns 12,521 shares of the chip maker's stock valued at $284,000 after purchasing an additional 525 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on INTC shares. Sanford C. Bernstein reiterated a "market perform" rating on shares of Intel in a research note on Tuesday, August 19th. Benchmark reissued a "hold" rating on shares of Intel in a report on Friday, July 25th. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a research report on Friday, July 25th. UBS Group upped their price target on shares of Intel from $21.00 to $25.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Finally, Wall Street Zen downgraded shares of Intel from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. One equities research analyst has rated the stock with a Buy rating, twenty-two have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Reduce" and an average target price of $22.17.

Intel Trading Down 0.5%

INTC stock traded down $0.12 during mid-day trading on Friday, reaching $24.49. 55,699,848 shares of the stock traded hands, compared to its average volume of 127,681,256. The company has a current ratio of 1.24, a quick ratio of 0.92 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 company has a market cap of $107.19 billion, a P/E ratio of -5.13 and a beta of 1.23. The stock's fifty day moving average is $22.71 and its 200-day moving average is $21.84.

Intel (NASDAQ:INTC - Get Free Report) last posted 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 firm had revenue of $12.86 billion for the quarter, compared to analysts' expectations of $11.88 billion. Intel's quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.02 earnings per share. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. As a group, sell-side analysts expect that Intel Corporation will post -0.11 earnings per share for the current year.

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.