Patton Fund Management Inc. Invests $246,000 in Intel Corporation $INTC

Key Points

• Patton Fund Management Inc. invested approximately $246,000 in Intel Corporation, purchasing 10,986 shares during Q2.
• Multiple hedge funds increased their holdings in Intel, with Westbourne Investments boosting its position by 319.4%.
• Intel's stock opened at $35.50 with a market cap of $155.38 billion and recent earnings results missing analyst expectations.

Patton Fund Management Inc. purchased a new position in Intel Corporation (NASDAQ:INTC - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,986 shares of the chip maker's stock, valued at approximately $246,000.

A number of other hedge funds have also modified their holdings of the stock. Westbourne Investments Inc. increased its position in Intel by 319.4% during the first quarter. Westbourne Investments Inc. now owns 71,425 shares of the chip maker's stock worth $1,622,000 after buying an additional 54,395 shares during the last quarter. Swedbank AB increased its position in Intel by 5.0% during the second quarter. Swedbank AB now owns 9,467,128 shares of the chip maker's stock worth $212,064,000 after buying an additional 454,234 shares during the last quarter. Czech National Bank increased its position in Intel by 7.2% during the second quarter. Czech National Bank now owns 1,066,599 shares of the chip maker's stock worth $23,892,000 after buying an additional 72,065 shares during the last quarter. CHICAGO TRUST Co NA increased its position in Intel by 48.3% during the second quarter. CHICAGO TRUST Co NA now owns 43,742 shares of the chip maker's stock worth $980,000 after buying an additional 14,253 shares during the last quarter. Finally, 180 Wealth Advisors LLC increased its position in Intel by 124.9% during the first quarter. 180 Wealth Advisors LLC now owns 127,916 shares of the chip maker's stock worth $2,905,000 after buying an additional 71,049 shares during the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Stock Up 4.4%

Shares of INTC opened at $35.50 on Friday. The stock has a market cap of $155.38 billion, a price-to-earnings ratio of -7.44 and a beta of 1.23. 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 12 month low of $17.67 and a 12 month high of $36.30. The company has a 50-day moving average price of $24.17 and a two-hundred day moving average price of $22.41.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The chip maker reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.11). The business had revenue of $12.86 billion for the quarter, compared to the consensus estimate of $11.88 billion. Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%.The firm's revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.02 EPS. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. Equities analysts predict that Intel Corporation will post -0.11 EPS for the current fiscal year.

Analyst Ratings Changes

INTC has been the topic of several analyst reports. Barclays increased their target price on shares of Intel from $19.00 to $25.00 and gave the stock an "equal weight" rating in a research report on Friday, September 19th. DZ Bank reissued a "sell" rating on shares of Intel in a research report on Friday, September 19th. Mizuho upped their price target on shares of Intel from $22.00 to $23.00 and gave the company a "neutral" rating in a report on Thursday, July 3rd. Stifel Nicolaus upped their price target on shares of Intel from $21.00 to $24.50 and gave the company a "hold" rating in a report on Monday, July 21st. Finally, Cantor Fitzgerald upped their price target on shares of Intel from $26.00 to $36.00 and gave the company a "neutral" rating in a report on Friday, September 19th. Two investment analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, Intel currently has an average rating of "Reduce" and an average target price of $25.90.

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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