Hohimer Wealth Management LLC Buys 13,285 Shares of Intel Corporation $INTC

Hohimer Wealth Management LLC increased its stake in Intel Corporation (NASDAQ:INTC) by 67.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 33,040 shares of the chip maker’s stock after purchasing an additional 13,285 shares during the quarter. Hohimer Wealth Management LLC’s holdings in Intel were worth $740,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Norges Bank purchased a new position in Intel during the 2nd quarter valued at about $1,579,378,000. Kingstone Capital Partners Texas LLC bought a new position in shares of Intel in the second quarter valued at approximately $345,245,000. Price T Rowe Associates Inc. MD grew its stake in Intel by 99.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,829,385 shares of the chip maker’s stock valued at $677,426,000 after acquiring an additional 14,901,457 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Intel by 86.4% during the second quarter. Assenagon Asset Management S.A. now owns 22,705,050 shares of the chip maker’s stock valued at $508,593,000 after acquiring an additional 10,523,590 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in Intel by 210.9% during the 2nd quarter. AQR Capital Management LLC now owns 15,498,219 shares of the chip maker’s stock worth $346,230,000 after acquiring an additional 10,514,007 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Wedbush raised their price target on shares of Intel from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Northland Securities increased their price objective on Intel from $28.00 to $42.00 in a research report on Friday, September 19th. Tigress Financial lifted their price objective on Intel from $45.00 to $52.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. DZ Bank restated a “sell” rating on shares of Intel in a research note on Friday, October 24th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a report on Friday, October 24th. Two investment analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and eight have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $34.84.

Intel Stock Down 4.3%

INTC opened at $37.81 on Friday. The business’s fifty day simple moving average is $38.07 and its 200 day simple moving average is $28.77. Intel Corporation has a 52 week low of $17.67 and a 52 week high of $44.02. 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 stock has a market cap of $180.62 billion, a PE ratio of 3,784.78 and a beta of 1.34.

Intel (NASDAQ:INTC) last posted 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 during 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 company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.46) EPS. Intel has set its Q4 2025 guidance at 0.080-0.080 EPS. As a group, research analysts expect that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

About Intel

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.