Corundum Group Inc. Has $618,000 Position in Intel Corporation $INTC

Corundum Group Inc. increased its position in Intel Corporation (NASDAQ:INTC) by 4.5% during the second quarter, HoldingsChannel reports. The institutional investor owned 27,578 shares of the chip maker’s stock after acquiring an additional 1,180 shares during the period. Corundum Group Inc.’s holdings in Intel were worth $618,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Stock Yards Bank & Trust Co. increased its holdings in Intel by 5.1% in the second quarter. Stock Yards Bank & Trust Co. now owns 44,563 shares of the chip maker’s stock worth $998,000 after buying an additional 2,169 shares during the last quarter. Hudson Edge Investment Partners Inc. increased its holdings in Intel by 18.3% in the second quarter. Hudson Edge Investment Partners Inc. now owns 257,570 shares of the chip maker’s stock worth $5,770,000 after buying an additional 39,849 shares during the last quarter. Cromwell Holdings LLC grew its holdings in Intel by 2,717.9% during the second quarter. Cromwell Holdings LLC now owns 14,343 shares of the chip maker’s stock valued at $321,000 after purchasing an additional 13,834 shares during the last quarter. Hilltop National Bank acquired a new position in Intel during the second quarter valued at approximately $161,000. Finally, Red Mountain Financial LLC acquired a new position in Intel during the second quarter valued at approximately $230,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on INTC. Sanford C. Bernstein reiterated a “neutral” rating on shares of Intel in a report on Thursday. Northland Securities increased their price target on Intel from $28.00 to $42.00 in a report on Friday, September 19th. JPMorgan Chase & Co. reiterated a “sell” rating and set a $21.00 price target on shares of Intel in a report on Friday, September 19th. Erste Group Bank upgraded Intel from a “sell” rating to a “hold” rating in a report on Monday, September 22nd. Finally, Barclays increased their price target on Intel from $19.00 to $25.00 and gave the company an “equal weight” rating in a report on Friday, September 19th. Two equities research analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat.com, Intel presently has a consensus rating of “Reduce” and an average target price of $26.19.

Intel Stock Down 1.3%

Shares of INTC stock opened at $36.83 on Friday. The stock has a market cap of $161.20 billion, a P/E ratio of -7.72 and a beta of 1.33. Intel Corporation has a one year low of $17.67 and a one year high of $38.08. The stock has a fifty day moving average price of $25.47 and a 200 day moving average price of $22.80. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.92.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, July 24th. The chip maker reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.11). The firm had revenue of $12.86 billion during the quarter, compared to the consensus estimate of $11.88 billion. Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%.The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the business earned $0.02 earnings per share. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. Analysts predict that Intel Corporation will post -0.11 earnings per share for the current 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.