Norges Bank Acquires New Shares in Intel Corporation $INTC

Norges Bank bought a new position in Intel Corporation (NASDAQ:INTC) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 70,507,949 shares of the chip maker’s stock, valued at approximately $1,579,378,000.

A number of other hedge funds have also added to or reduced their stakes in INTC. N.E.W. Advisory Services LLC bought a new position in shares of Intel in the first quarter valued at approximately $25,000. HFM Investment Advisors LLC purchased a new stake in Intel in the 1st quarter worth approximately $25,000. West Branch Capital LLC bought a new position in Intel in the 2nd quarter valued at $28,000. PrairieView Partners LLC boosted its holdings in Intel by 77.0% in the 1st quarter. PrairieView Partners LLC now owns 1,398 shares of the chip maker’s stock valued at $31,000 after purchasing an additional 608 shares during the period. Finally, Eukles Asset Management grew its position in shares of Intel by 55.6% during the 2nd quarter. Eukles Asset Management now owns 1,400 shares of the chip maker’s stock valued at $31,000 after purchasing an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on INTC. JPMorgan Chase & Co. lifted their price objective on Intel from $21.00 to $30.00 and gave the company an “underweight” rating in a research note on Friday, October 24th. Citigroup reaffirmed a “sell” rating and issued a $29.00 price target (up previously from $24.00) on shares of Intel in a report on Friday, September 19th. Benchmark upped their price objective on shares of Intel from $43.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Cantor Fitzgerald lifted their target price on shares of Intel from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, October 20th. Finally, Loop Capital raised their price target on Intel from $25.00 to $40.00 and gave the company a “hold” rating in a research report on Friday, October 24th. Two research 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 MarketBeat, Intel currently has a consensus rating of “Reduce” and an average price target of $34.84.

Intel Stock Up 2.7%

Shares of NASDAQ INTC opened at $36.81 on Friday. The company has a market cap of $175.84 billion, a price-to-earnings ratio of 3,684.68 and a beta of 1.31. Intel Corporation has a 52 week low of $17.67 and a 52 week high of $42.48. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.38. The firm’s fifty day moving average is $36.43 and its 200 day moving average is $27.22.

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