Tradition Wealth Management LLC Invests $275,000 in Intel Corporation $INTC

Key Points

• Tradition Wealth Management LLC invested approximately $275,000 in Intel Corporation by acquiring 12,130 shares during the first quarter.
• Multiple institutional investors have also recently acquired stakes in Intel, contributing to a total of 64.53% institutional ownership of the company's stock.
• Despite reporting a loss of $0.10 earnings per share for the last quarter, Intel's revenue increased by 0.5% year-over-year, reaching $12.86 billion.

Tradition Wealth Management LLC acquired a new position in Intel Corporation (NASDAQ:INTC - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,130 shares of the chip maker's stock, valued at approximately $275,000.

A number of other institutional investors have also made changes to their positions in INTC. N.E.W. Advisory Services LLC acquired a new stake in shares of Intel in the first quarter valued at about $25,000. Vermillion Wealth Management Inc. acquired a new stake in shares of Intel in the fourth quarter valued at about $27,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Intel in the first quarter valued at about $27,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of Intel in the first quarter valued at about $30,000. Finally, Olde Wealth Management LLC acquired a new stake in shares of Intel in the first quarter valued at about $31,000. Institutional investors own 64.53% of the company's stock.

Analysts Set New Price Targets

INTC has been the topic of a number of recent research reports. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Intel in a research report on Tuesday. Deutsche Bank Aktiengesellschaft initiated coverage on Intel in a report on Wednesday, May 21st. They set a "hold" rating and a $23.00 price target for the company. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a report on Friday, July 25th. Mizuho lifted their price target on Intel from $22.00 to $23.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. Finally, Loop Capital initiated coverage on Intel in a report on Monday, July 21st. They set a "hold" rating and a $25.00 price target for the company. One research analyst has rated the stock with a Buy rating, twenty-three have issued a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus price target of $22.17.

Intel Trading Down 0.2%

Shares of INTC stock opened at $23.50 on Friday. The firm has a 50 day moving average price of $22.05 and a two-hundred day moving average price of $21.66. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $102.86 billion, a PE ratio of -4.93 and a beta of 1.22. Intel Corporation has a 12-month low of $17.67 and a 12-month high of $27.55.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The chip maker reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.11). The company had revenue of $12.86 billion for the quarter, compared to analyst estimates 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 revenue was up .5% on a year-over-year basis. During the same quarter last year, the business earned $0.02 earnings per share. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. As a group, analysts predict 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.