Strs Ohio Acquires Shares of 1,569,822 Intel Corporation $INTC

Key Points

• Strs Ohio acquired 1,569,822 shares of Intel Corporation, valued at approximately $35.65 million, in the first quarter of the year.
• Intel reported a quarterly earnings miss, with an EPS of ($0.10), falling short of analysts' expectations of $0.01, despite a year-over-year revenue increase.
• Investment analysts have assigned a consensus rating of "Reduce" for Intel, with a target price of $22.17, reflecting mixed sentiments among market experts.

Strs Ohio acquired a new stake in Intel Corporation (NASDAQ:INTC - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,569,822 shares of the chip maker's stock, valued at approximately $35,651,000.

Several other large investors also recently added to or reduced their stakes in INTC. Westbourne Investments Inc. lifted its position in shares of Intel by 319.4% in the 1st quarter. Westbourne Investments Inc. now owns 71,425 shares of the chip maker's stock worth $1,622,000 after purchasing an additional 54,395 shares during the period. Toronto Dominion Bank lifted its position in shares of Intel by 286.8% in the 4th quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock worth $211,114,000 after purchasing an additional 7,806,882 shares during the period. 180 Wealth Advisors LLC lifted its position in shares of Intel by 124.9% in the 1st quarter. 180 Wealth Advisors LLC now owns 127,916 shares of the chip maker's stock worth $2,905,000 after purchasing an additional 71,049 shares during the period. Gordian Capital Singapore Pte Ltd lifted its position in shares of Intel by 120.7% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 64,000 shares of the chip maker's stock worth $1,282,000 after purchasing an additional 35,000 shares during the period. Finally, Fluent Financial LLC purchased a new stake in shares of Intel in the 1st quarter worth approximately $530,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on INTC shares. JPMorgan Chase & Co. upped their price target on shares of Intel from $20.00 to $21.00 and gave the stock an "underweight" rating in a research report on Friday, July 25th. Wall Street Zen cut shares of Intel from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Citigroup reissued a "hold" rating on shares of Intel in a research report on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft started coverage on shares of Intel in a research report on Wednesday, May 21st. They set a "hold" rating and a $23.00 target price for the company. Finally, Loop Capital started coverage on shares of Intel in a research report on Monday, July 21st. They set a "hold" rating and a $25.00 target price for the company. One investment analyst has rated the stock with a Buy rating, twenty-two have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus target price of $22.17.

Intel Trading Down 0.6%

NASDAQ INTC opened at $24.61 on Friday. The company has a fifty day simple moving average of $22.88 and a two-hundred day simple moving average of $21.85. The stock has a market cap of $107.72 billion, a P/E ratio of -5.16 and a beta of 1.23. Intel Corporation has a 12-month low of $17.67 and a 12-month high of $27.55. 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 (NASDAQ:INTC - Get Free Report) last posted its quarterly 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 analysts' expectations of $11.88 billion. Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%.The company's quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the business posted $0.02 EPS. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. On average, analysts forecast 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.