Engineers Gate Manager LP Acquires 366,092 Shares of Intel Corporation $INTC

Engineers Gate Manager LP raised its holdings in Intel Corporation (NASDAQ:INTC) by 91.8% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 765,091 shares of the chip maker’s stock after purchasing an additional 366,092 shares during the quarter. Engineers Gate Manager LP’s holdings in Intel were worth $17,138,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. HFM Investment Advisors LLC acquired a new position in shares of Intel during the 1st quarter worth approximately $25,000. West Branch Capital LLC bought a new position in Intel during the second quarter worth $28,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna acquired a new position in shares of Intel in the second quarter valued at $28,000. Eukles Asset Management raised its position in shares of Intel by 55.6% in the second 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 during the period. Finally, First Pacific Financial lifted its stake in shares of Intel by 111.8% during the 2nd quarter. First Pacific Financial now owns 1,557 shares of the chip maker’s stock worth $35,000 after buying an additional 822 shares during the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Sanford C. Bernstein reiterated a “neutral” rating on shares of Intel in a research note on Tuesday, November 18th. Loop Capital upped their target price on Intel from $25.00 to $40.00 and gave the company a “hold” rating in a research report on Friday, October 24th. Susquehanna increased their target price on Intel from $31.00 to $35.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. Rosenblatt Securities boosted their price target on Intel from $14.00 to $25.00 and gave the company a “sell” rating in a research note on Friday, October 24th. Finally, Needham & Company LLC restated a “hold” rating on shares of Intel in a research note on Friday, October 24th. Two equities research analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and eight have issued a Sell rating to the company. According to MarketBeat.com, Intel presently has an average rating of “Reduce” and an average price target of $34.84.

Intel Trading Down 4.3%

Shares of NASDAQ:INTC opened at $37.81 on Friday. The business’s 50 day simple moving average is $38.07 and its 200 day simple moving average is $28.72. Intel Corporation has a 1 year low of $17.67 and a 1 year high of $44.02. 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 market capitalization of $180.62 billion, a P/E ratio of 3,784.78 and a beta of 1.34.

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

Intel Company 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.