RMG Wealth Management LLC Makes New Investment in Intel Corporation $INTC

RMG Wealth Management LLC bought a new position in shares of Intel Corporation (NASDAQ:INTC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,537 shares of the chip maker’s stock, valued at approximately $36,000.

A number of other institutional investors also recently bought and sold shares of INTC. Nuveen LLC purchased a new position in Intel during the first quarter worth about $538,430,000. Kingstone Capital Partners Texas LLC acquired a new position in Intel in the second quarter valued at about $345,245,000. Price T Rowe Associates Inc. MD lifted its position in Intel by 99.8% in 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 buying an additional 14,901,457 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Intel by 133.3% in the first quarter. Goldman Sachs Group Inc. now owns 18,758,658 shares of the chip maker’s stock valued at $426,009,000 after buying an additional 10,719,274 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in Intel by 86.4% in 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 buying an additional 10,523,590 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on INTC. New Street Research upped their target price on shares of Intel from $23.00 to $32.00 in a research report on Friday, September 19th. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research report on Friday, July 25th. HSBC set a $24.00 target price on shares of Intel in a research report on Tuesday. Mizuho increased their price target on shares of Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, July 3rd. Finally, Seaport Res Ptn raised shares of Intel from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 24th. Two 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 company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $26.30.

Intel Stock Up 1.6%

INTC stock opened at $37.17 on Wednesday. The company’s 50 day moving average price is $26.12 and its 200 day moving average price is $22.96. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.24. Intel Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $38.68. The firm has a market capitalization of $162.69 billion, a price-to-earnings ratio of -7.79 and a beta of 1.33.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.11). Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%.The firm had revenue of $12.86 billion for the quarter, compared to analysts’ expectations of $11.88 billion. During the same quarter in the previous year, the company posted $0.02 earnings per share. The firm’s quarterly revenue was up .5% on a year-over-year basis. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. On average, equities 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.