KLP Kapitalforvaltning AS Boosts Stock Position in Intel Corporation $INTC

KLP Kapitalforvaltning AS boosted its holdings in shares of Intel Corporation (NASDAQ:INTC) by 6.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,558,908 shares of the chip maker’s stock after acquiring an additional 93,900 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Intel were worth $34,920,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Intel by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 377,390,437 shares of the chip maker’s stock valued at $8,570,537,000 after acquiring an additional 8,291,233 shares during the period. Northern Trust Corp boosted its holdings in Intel by 0.3% during the 1st quarter. Northern Trust Corp now owns 45,969,843 shares of the chip maker’s stock valued at $1,043,975,000 after acquiring an additional 158,288 shares during the period. Invesco Ltd. boosted its holdings in Intel by 1.3% during the 1st quarter. Invesco Ltd. now owns 43,651,076 shares of the chip maker’s stock valued at $991,316,000 after acquiring an additional 562,246 shares during the period. Amundi boosted its holdings in Intel by 22.0% during the 1st quarter. Amundi now owns 37,878,097 shares of the chip maker’s stock valued at $849,606,000 after acquiring an additional 6,829,690 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Intel by 3.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 35,025,596 shares of the chip maker’s stock valued at $795,431,000 after purchasing an additional 1,086,836 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Stifel Nicolaus upped their target price on Intel from $21.00 to $24.50 and gave the stock a “hold” rating in a report on Monday, July 21st. New Street Research upped their target price on Intel from $23.00 to $32.00 in a report on Friday, September 19th. Cantor Fitzgerald upped their target price on Intel from $26.00 to $36.00 and gave the stock a “neutral” rating in a report on Friday, September 19th. DZ Bank reiterated a “sell” rating on shares of Intel in a report on Friday, September 19th. Finally, Loop Capital started coverage on Intel in a report on Monday, July 21st. They issued a “hold” rating and a $25.00 target price for the company. Two equities research analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat.com, Intel currently has a consensus rating of “Reduce” and an average price target of $26.30.

Intel Trading Up 1.6%

INTC opened at $37.17 on Wednesday. The firm has a market cap of $162.69 billion, a price-to-earnings ratio of -7.79 and a beta of 1.33. The company has a current ratio of 1.24, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42. Intel Corporation has a 12 month low of $17.67 and a 12 month high of $38.68. The stock has a fifty day moving average price of $26.12 and a 200-day moving average price of $22.96.

Intel (NASDAQ:INTC) last released its quarterly 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 company 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 company’s revenue was up .5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.02 earnings per share. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. As a group, equities research analysts anticipate 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.