Intel Corporation $INTC Shares Acquired by Letko Brosseau & Associates Inc.

Letko Brosseau & Associates Inc. boosted its stake in Intel Corporation (NASDAQ:INTC) by 2.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,981,545 shares of the chip maker’s stock after acquiring an additional 77,220 shares during the quarter. Letko Brosseau & Associates Inc. owned 0.07% of Intel worth $66,787,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in INTC. Kingsview Wealth Management LLC increased its stake in shares of Intel by 9.9% during the second quarter. Kingsview Wealth Management LLC now owns 58,772 shares of the chip maker’s stock worth $1,316,000 after purchasing an additional 5,297 shares in the last quarter. Cornerstone Advisors LLC acquired a new stake in Intel in the 2nd quarter worth about $759,000. Citizens Financial Group Inc. RI increased its stake in Intel by 44.0% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 62,298 shares of the chip maker’s stock worth $1,395,000 after buying an additional 19,023 shares in the last quarter. Westwood Holdings Group Inc. raised its holdings in shares of Intel by 0.8% during the second quarter. Westwood Holdings Group Inc. now owns 728,929 shares of the chip maker’s stock valued at $16,328,000 after acquiring an additional 5,738 shares during the last quarter. Finally, Intech Investment Management LLC lifted its position in shares of Intel by 26.4% in the second quarter. Intech Investment Management LLC now owns 190,443 shares of the chip maker’s stock valued at $4,266,000 after acquiring an additional 39,790 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Northland Securities boosted their price target on Intel from $28.00 to $42.00 in a research report on Friday, September 19th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Intel from $30.00 to $35.00 and gave the stock a “hold” rating in a report on Friday, October 24th. Evercore ISI raised their price target on shares of Intel from $23.00 to $41.10 in a research note on Friday, October 24th. Erste Group Bank upgraded shares of Intel from a “sell” rating to a “hold” rating in a report on Monday, September 22nd. Finally, New Street Research boosted their target price on Intel from $23.00 to $32.00 in a report on Friday, September 19th. Two analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and eight have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $34.84.

Intel Stock Down 1.1%

Shares of NASDAQ INTC opened at $35.52 on Friday. The company has a market capitalization of $169.68 billion, a P/E ratio of 3,555.56 and a beta of 1.31. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.60 and a quick ratio of 1.25. The company has a 50 day simple moving average of $34.63 and a 200-day simple moving average of $26.34. Intel Corporation has a 1 year low of $17.67 and a 1 year high of $42.48.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, October 23rd. The chip maker reported $0.23 EPS for the quarter. The firm had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.10 billion. Intel had a negative return on equity of 0.75% and a net margin of 0.37%.The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.46) earnings per share. Intel has set its Q4 2025 guidance at 0.080-0.080 EPS. On average, equities research analysts predict 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.