Wellington Management Group LLP Buys 844,964 Shares of Intel Corporation $INTC

Key Points

• Wellington Management Group LLP increased its holdings in Intel Corporation by 47.5%, acquiring an additional 844,964 shares, bringing their total to 2,622,269 shares, worth approximately $59.55 million.
• Intel's stock currently has a market cap of $108.55 billion with a twelve-month high of $27.55 and a negative P/E ratio of -5.20, reflecting ongoing financial challenges.
• Analysts have mixed views on Intel's stock, with 23 holding a "Hold" rating and one with a "Buy" rating, while Mizuho recently increased the target price from $22.00 to $23.00.

Wellington Management Group LLP increased its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 47.5% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 2,622,269 shares of the chip maker's stock after buying an additional 844,964 shares during the quarter. Wellington Management Group LLP owned about 0.06% of Intel worth $59,552,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Cladis Investment Advisory LLC increased its holdings in Intel by 10.0% in the 1st quarter. Cladis Investment Advisory LLC now owns 28,555 shares of the chip maker's stock worth $648,000 after buying an additional 2,600 shares in the last quarter. Alpha Family Trust bought a new stake in Intel in the 1st quarter worth about $629,000. Northern Trust Corp increased its holdings in Intel by 0.3% in the 1st quarter. Northern Trust Corp now owns 45,969,843 shares of the chip maker's stock worth $1,043,975,000 after buying an additional 158,288 shares in the last quarter. Brooklyn Investment Group increased its holdings in Intel by 136.7% in the 1st quarter. Brooklyn Investment Group now owns 21,414 shares of the chip maker's stock worth $486,000 after buying an additional 12,368 shares in the last quarter. Finally, TriaGen Wealth Management LLC bought a new stake in Intel in the 1st quarter worth about $2,185,000. 64.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on INTC. Sanford C. Bernstein reiterated a "market perform" rating on shares of Intel in a report on Tuesday. Mizuho raised their target price on Intel from $22.00 to $23.00 and gave the stock a "neutral" rating in a research report on Thursday, July 3rd. Morgan Stanley dropped their target price on Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. Stifel Nicolaus raised their target price on Intel from $21.00 to $24.50 and gave the stock a "hold" rating in a research report on Monday, July 21st. Finally, Wall Street Zen cut Intel from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. One equities research analyst has rated the stock with a Buy rating, twenty-three have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus target price of $22.17.

Intel Stock Up 5.5%

INTC stock opened at $24.80 on Friday. Intel Corporation has a twelve month low of $17.67 and a twelve month high of $27.55. 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 stock has a market cap of $108.55 billion, a P/E ratio of -5.20 and a beta of 1.22. The business's 50-day moving average price is $22.15 and its 200-day moving average price is $21.70.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The chip maker reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.11). Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The company had revenue of $12.86 billion for the quarter, compared to analysts' expectations of $11.88 billion. During the same period in the previous year, the firm earned $0.02 earnings per share. The firm's quarterly revenue was up .5% on a year-over-year basis. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. On average, equities research analysts forecast that Intel Corporation will post -0.11 EPS 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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