Red Mountain Financial LLC Makes New Investment in Intel Corporation $INTC

Key Points

• Red Mountain Financial LLC acquired a new investment in Intel Corporation, purchasing 10,257 shares valued at approximately $230,000 during the second quarter.
• Intel recently reported earnings that missed expectations with a loss of ($0.10) per share, while its revenue of $12.86 billion exceeded analyst estimates.
• As of now, Intel has a consensus rating of "Reduce" with a target price average of $26.19, and a significant portion of the company’s stock is held by institutional investors.

Red Mountain Financial LLC acquired a new position in shares of Intel Corporation (NASDAQ:INTC - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,257 shares of the chip maker's stock, valued at approximately $230,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Verdence Capital Advisors LLC grew its holdings in shares of Intel by 1.1% during the first quarter. Verdence Capital Advisors LLC now owns 45,682 shares of the chip maker's stock worth $1,037,000 after buying an additional 486 shares in the last quarter. Independent Wealth Network Inc. grew its holdings in shares of Intel by 5.2% during the second quarter. Independent Wealth Network Inc. now owns 9,927 shares of the chip maker's stock worth $222,000 after buying an additional 490 shares in the last quarter. Cary Street Partners Investment Advisory LLC grew its holdings in shares of 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 worth $59,000 after buying an additional 491 shares in the last quarter. one8zero8 LLC grew its holdings in shares of Intel by 4.2% during the first quarter. one8zero8 LLC now owns 12,320 shares of the chip maker's stock worth $280,000 after buying an additional 500 shares in the last quarter. Finally, Indiana Trust & Investment Management Co grew its holdings in shares of Intel by 8.4% during the first quarter. Indiana Trust & Investment Management Co now owns 6,457 shares of the chip maker's stock worth $147,000 after buying an additional 500 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on INTC. Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a report on Friday, July 25th. Citigroup reaffirmed a "sell" rating and set a $29.00 target price (up previously from $24.00) on shares of Intel in a report on Friday, September 19th. Loop Capital started coverage on shares of Intel in a report on Monday, July 21st. They set a "hold" rating and a $25.00 target price for the company. Sanford C. Bernstein reissued a "neutral" rating on shares of Intel in a report on Thursday. Finally, JPMorgan Chase & Co. reissued a "sell" rating and issued a $21.00 price objective on shares of Intel in a report on Friday, September 19th. Two equities research analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, Intel currently has a consensus rating of "Reduce" and an average price target of $26.19.

Intel Stock Up 3.8%

Shares of NASDAQ:INTC opened at $37.30 on Friday. The firm's 50 day moving average price is $25.14 and its 200 day moving average price is $22.72. The stock has a market cap of $163.26 billion, a price-to-earnings ratio of -7.82 and a beta of 1.33. Intel Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $37.57. 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 (NASDAQ:INTC - Get Free Report) last issued its earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.11). The firm 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 firm's revenue was up .5% compared to the same quarter last year. During the same period last year, the business earned $0.02 EPS. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. As a group, equities research analysts predict that Intel Corporation will post -0.11 earnings per share for the current fiscal 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.

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