State Board of Administration of Florida Retirement System Acquires 44,426 Shares of Intel Corporation $INTC

State Board of Administration of Florida Retirement System grew its holdings in Intel Corporation (NASDAQ:INTC) by 1.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,225,755 shares of the chip maker’s stock after purchasing an additional 44,426 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.10% of Intel worth $94,657,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of INTC. Elevation Point Wealth Partners LLC grew its position in Intel by 30.4% in the second quarter. Elevation Point Wealth Partners LLC now owns 14,153 shares of the chip maker’s stock valued at $317,000 after acquiring an additional 3,297 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Intel by 27.9% during the 2nd quarter. Quadrant Capital Group LLC now owns 76,958 shares of the chip maker’s stock valued at $1,724,000 after purchasing an additional 16,790 shares during the last quarter. Russell Investments Group Ltd. increased its position in Intel by 4.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,066,086 shares of the chip maker’s stock worth $46,407,000 after purchasing an additional 84,763 shares in the last quarter. Boxwood Ventures Inc. bought a new position in Intel in the 2nd quarter valued at approximately $360,000. Finally, J.W. Cole Advisors Inc. boosted its position in Intel by 8.8% in the second quarter. J.W. Cole Advisors Inc. now owns 88,644 shares of the chip maker’s stock valued at $1,986,000 after buying an additional 7,138 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Performance

NASDAQ:INTC opened at $36.81 on Friday. The company has a market capitalization of $175.84 billion, a PE ratio of 3,684.68 and a beta of 1.31. Intel Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $42.48. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.25 and a current ratio of 1.60. The company has a 50 day simple moving average of $36.43 and a two-hundred day simple moving average of $27.22.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 23rd. The chip maker reported $0.23 EPS for the quarter. Intel had a net margin of 0.37% and a negative return on equity of 0.75%. The company had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.10 billion. During the same period in the prior year, the firm posted ($0.46) EPS. The company’s quarterly revenue was up 3.0% on a year-over-year basis. Intel has set its Q4 2025 guidance at 0.080-0.080 EPS. Research analysts anticipate that Intel Corporation will post -0.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on INTC shares. KeyCorp reiterated a “sector weight” rating on shares of Intel in a research note on Monday, October 20th. Raymond James Financial assumed coverage on Intel in a research note on Friday, November 21st. They set a “market perform” rating on the stock. Erste Group Bank upgraded Intel from a “sell” rating to a “hold” rating in a report on Monday, September 22nd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Intel from $30.00 to $35.00 and gave the company a “hold” rating in a report on Friday, October 24th. Finally, Tigress Financial boosted their target price on shares of Intel from $45.00 to $52.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Two investment analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and eight have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $34.84.

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.