Quadrant Capital Group LLC has significantly increased its stake in Intel Corporation, purchasing an additional 16,790 shares during the second quarter of 2023. This move raised the firm’s total holdings in the semiconductor giant to 76,958 shares, valued at approximately $1,724,000.
Several other institutional investors have also adjusted their positions in Intel, reflecting a broader interest in the company. For instance, Assetmark Inc. boosted its holdings in Intel by 67.5% during the first quarter, acquiring an extra 3,569 shares, bringing their total to 8,855 shares worth $201,000. Similarly, N.E.W. Advisory Services LLC entered the Intel market with a new position valued around $25,000.
Other notable increases include Federated Hermes Inc., which raised its stake by 2.1%, now owning 166,238 shares valued at $3,775,000, and Arkadios Wealth Advisors, which increased its holdings by 19.5%, amassing 103,253 shares worth $2,345,000. Currently, institutional investors collectively own 64.53% of Intel’s stock.
Analysts Adjust Price Targets for Intel
Intel has been the focus of various analysts recently, prompting updates to their price targets. KeyCorp maintained a “sector weight” rating, while Mizuho raised its target from $39.00 to $41.00, assigning a “neutral” rating. Erste Group Bank upgraded Intel from a “sell” to a “hold” rating. Loop Capital increased its target price from $25.00 to $40.00, also issuing a “hold” rating.
Despite varying opinions, two analysts currently rate the stock as a Buy, while twenty-four recommend holding it, and eight suggest selling. According to MarketBeat.com, Intel holds an average rating of “Reduce” with a consensus price target of $34.84.
Intel Stock Performance and Financial Overview
As of October 23, 2023, Intel’s stock opened at $40.68. The company boasts a market capitalization of $194.30 billion, alongside a price-to-earnings ratio of 4,071.57 and a beta of 1.31. Over the past year, Intel’s shares have fluctuated between a low of $17.67 and a high of $42.48.
The company’s financial health appears stable, with a quick ratio of 1.25 and a current ratio of 1.60, indicating solid liquidity. Its debt-to-equity ratio stands at 0.38. In its latest quarterly earnings report, Intel announced earnings per share (EPS) of $0.23 on revenues of $13.65 billion, surpassing analysts’ expectations of $13.10 billion. This represents a 3.0% increase in revenue compared to the same quarter last year, with Intel recovering from a prior year loss of ($0.46) EPS.
Looking ahead, Intel has set its Q4 2025 EPS guidance at $0.080. Analysts project that the company will report an EPS of -$0.11 for the current fiscal year.
Intel Corporation is a major player in the global semiconductor industry, designing, developing, and manufacturing a wide array of computing products. Its diverse portfolio includes central processing units (CPUs), graphics processing units (GPUs), system-on-chips (SoCs), and various other hardware and software solutions, serving clients across different sectors worldwide.
