Mirae Asset Global Investments Co. Ltd. Increases Stake in Intel Corporation $INTC

Key Points

• Mirae Asset Global Investments Co. Ltd. has increased its stake in Intel Corporation by 10.3%, owning approximately 4.56 million shares worth $102.18 million as of its recent SEC filing.
• Intel reported a loss of $0.10 EPS for the last quarter, missing estimates, despite revenues of $12.86 billion exceeding forecasts.
• The company's stock saw a trading increase of 3.8% and is currently valued at $37.30, with a market cap of $163.26 billion.

Mirae Asset Global Investments Co. Ltd. grew its stake in Intel Corporation (NASDAQ:INTC - Free Report) by 10.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 4,561,546 shares of the chip maker's stock after buying an additional 426,735 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.10% of Intel worth $102,179,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Verdence Capital Advisors LLC raised its position in shares of Intel by 1.1% during 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 in the last quarter. Independent Wealth Network Inc. raised its position in shares of Intel by 5.2% during the 2nd quarter. Independent Wealth Network Inc. now owns 9,927 shares of the chip maker's stock worth $222,000 after acquiring an additional 490 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its position in shares of Intel by 23.1% during 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 in the last quarter. one8zero8 LLC raised its position in shares of Intel by 4.2% during 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 in the last quarter. Finally, Indiana Trust & Investment Management Co raised its position in shares of Intel by 8.4% during the 1st quarter. Indiana Trust & Investment Management Co now owns 6,457 shares of the chip maker's stock worth $147,000 after acquiring an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company's stock.

Intel Trading Up 3.8%

NASDAQ:INTC opened at $37.30 on Friday. The firm has a market cap of $163.26 billion, a P/E ratio of -7.82 and a beta of 1.33. The company has a current ratio of 1.24, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42. The stock's 50 day simple moving average is $25.14 and its 200-day simple moving average is $22.72. Intel Corporation has a 12-month low of $17.67 and a 12-month high of $37.57.

Intel (NASDAQ:INTC - Get Free Report) last released its earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.11). The company had revenue of $12.86 billion during 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 company's revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.02 EPS. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. Equities analysts anticipate that Intel Corporation will post -0.11 EPS for the current year.

Analyst Ratings Changes

INTC has been the topic of several research analyst reports. Sanford C. Bernstein reissued a "neutral" rating on shares of Intel in a research report on Thursday. Loop Capital initiated coverage on Intel in a research report on Monday, July 21st. They set a "hold" rating and a $25.00 target price on the stock. Roth Capital reissued a "neutral" rating and set a $30.00 target price on shares of Intel in a research report on Thursday, September 18th. Cantor Fitzgerald lifted their price target on Intel from $26.00 to $36.00 and gave the stock a "neutral" rating in a research report on Friday, September 19th. Finally, Erste Group Bank raised Intel from a "sell" rating to a "hold" rating in a research report on Monday, September 22nd. Two investment analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and five have issued a Sell rating to the company's stock. According to data from MarketBeat, Intel currently has a consensus rating of "Reduce" and a consensus price target of $26.19.

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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