State of New Jersey Common Pension Fund D Raises Stock Holdings in Intel Corporation $INTC

Key Points

• The State of New Jersey Common Pension Fund D increased its stake in Intel Corporation by 0.5% in Q2, owning 1,462,777 shares valued at approximately $32.77 million after acquiring an additional 6,894 shares.
• Multiple analysts have raised their target prices for Intel, with Truist Financial setting it at $39.00, and Evercore ISI adjusting theirs to $41.10, reflecting positive sentiment despite a consensus rating of "Reduce".
• Intel reported earnings of $0.23 per share for the last quarter, exceeding expectations with revenue of $13.65 billion, marking a 3% year-over-year increase.

State of New Jersey Common Pension Fund D boosted its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 0.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,462,777 shares of the chip maker's stock after purchasing an additional 6,894 shares during the period. State of New Jersey Common Pension Fund D's holdings in Intel were worth $32,766,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. N.E.W. Advisory Services LLC purchased a new position in Intel in the first quarter valued at about $25,000. HFM Investment Advisors LLC purchased a new position in Intel in the first quarter valued at about $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Intel in the first quarter valued at about $27,000. West Branch Capital LLC bought a new position in Intel during the 2nd quarter worth approximately $28,000. Finally, LFA Lugano Financial Advisors SA bought a new position in Intel during the 1st quarter worth approximately $30,000. Hedge funds and other institutional investors own 64.53% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Truist Financial increased their target price on Intel from $21.00 to $39.00 and gave the stock a "hold" rating in a report on Friday. Evercore ISI increased their target price on Intel from $23.00 to $41.10 in a report on Friday. UBS Group raised their price target on Intel from $35.00 to $40.00 and gave the stock a "neutral" rating in a report on Monday, October 6th. Loop Capital initiated coverage on Intel in a report on Monday, July 21st. They issued a "hold" rating and a $25.00 price target on the stock. Finally, Wall Street Zen raised Intel from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Two analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and eight have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus target price of $33.10.

Intel Stock Up 0.3%

Shares of Intel stock opened at $38.28 on Friday. The business's fifty day moving average price is $30.37 and its two-hundred day moving average price is $24.32. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.92. The company has a market capitalization of $167.55 billion, a P/E ratio of 3,831.83 and a beta of 1.33. Intel Corporation has a 1-year low of $17.67 and a 1-year high of $41.12.

Intel (NASDAQ:INTC - Get Free Report) last announced its earnings results on Thursday, October 23rd. The chip maker reported $0.23 earnings per share for the quarter. The firm had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.10 billion. Intel had a negative return on equity of 0.77% and a net margin of 0.37%.The firm's revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.46) EPS. Intel has set its Q4 2025 guidance at 0.080-0.080 EPS. As a group, research analysts forecast that Intel Corporation will post -0.11 EPS for the current year.

Intel Company Profile

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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