Sumitomo Mitsui Trust Group Inc. Raises Holdings in Intel Corporation $INTC

Key Points

• Sumitomo Mitsui Trust Group Inc. has increased its holdings in Intel Corporation by 3.4% during the 2nd quarter, owning approximately 10.8 million shares valued at $242 million.
• Equity analysts have recently revised their ratings on Intel, with Wells Fargo raising the target price to $45.00 while maintaining an "equal weight" rating.
• Intel reported a revenue of $13.65 billion for the quarter, exceeding estimates, with earnings per share of $0.23, a notable recovery from a loss of ($0.46) in the same quarter the previous year.

Sumitomo Mitsui Trust Group Inc. boosted its position in Intel Corporation (NASDAQ:INTC - Free Report) by 3.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,825,350 shares of the chip maker's stock after purchasing an additional 360,026 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.25% of Intel worth $242,488,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several equities analysts recently weighed in on INTC shares. Cantor Fitzgerald raised their price objective on Intel from $36.00 to $40.00 and gave the company a "neutral" rating in a research note on Monday, October 20th. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a report on Friday. Erste Group Bank upgraded Intel from a "sell" rating to a "hold" rating in a report on Monday, September 22nd. Wells Fargo & Company increased their target price on Intel from $30.00 to $45.00 and gave the company an "equal weight" rating in a report on Friday. Finally, Rosenblatt Securities raised their price objective on Intel from $14.00 to $25.00 and gave the stock a "sell" rating in a report on Friday. Two investment analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and eight have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus target price of $33.10.

Intel Trading Up 0.3%

Shares of INTC opened at $38.28 on Friday. The stock's fifty day simple moving average is $30.37 and its 200 day simple moving average is $24.32. 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 Corporation has a twelve month low of $17.67 and a twelve month high of $41.12. The firm has a market capitalization of $167.55 billion, a P/E ratio of 3,831.83 and a beta of 1.33.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data on Thursday, October 23rd. The chip maker reported $0.23 EPS for the quarter. Intel had a negative return on equity of 0.77% and a net margin of 0.37%.The company had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.10 billion. During the same period last year, the company posted ($0.46) earnings per share. The firm's revenue was up 3.0% compared to the same quarter last year. Intel has set its Q4 2025 guidance at 0.080-0.080 EPS. On average, equities research analysts forecast that Intel Corporation will post -0.11 earnings per share for the current year.

Intel 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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