Sovereign Financial Group Inc. Has $279,000 Stock Holdings in Intel Corporation $INTC

Sovereign Financial Group Inc. lifted its holdings in Intel Corporation (NASDAQ:INTC) by 7.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 12,443 shares of the chip maker’s stock after purchasing an additional 890 shares during the quarter. Sovereign Financial Group Inc.’s holdings in Intel were worth $279,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. N.E.W. Advisory Services LLC acquired a new position in shares of Intel in the 1st quarter valued at approximately $25,000. HFM Investment Advisors LLC acquired a new position in shares of Intel in the 1st quarter valued at approximately $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Intel in the 1st quarter valued at approximately $27,000. West Branch Capital LLC acquired a new position in shares of Intel in the 2nd quarter valued at approximately $28,000. Finally, LFA Lugano Financial Advisors SA acquired a new position in shares of Intel in the 1st quarter valued at approximately $30,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Cantor Fitzgerald boosted their price objective on Intel from $26.00 to $36.00 and gave the company a “neutral” rating in a research report on Friday, September 19th. Benchmark raised Intel from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Friday, September 19th. Northland Securities upped their price target on Intel from $28.00 to $42.00 in a research report on Friday, September 19th. Deutsche Bank Aktiengesellschaft upped their price target on Intel from $23.00 to $30.00 and gave the stock a “hold” rating in a research report on Monday, September 29th. Finally, Sanford C. Bernstein reaffirmed a “neutral” rating on shares of Intel in a research report on Thursday, October 2nd. Two analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and seven have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $26.63.

Intel Trading Down 3.6%

Shares of Intel stock opened at $36.44 on Monday. Intel Corporation has a 12-month low of $17.67 and a 12-month high of $39.65. The stock has a market cap of $159.49 billion, a P/E ratio of -7.64 and a beta of 1.33. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. The business’s 50 day moving average is $27.17 and its 200-day moving average is $23.24.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, July 24th. The chip maker reported ($0.10) earnings per share (EPS) 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 company had revenue of $12.86 billion for the quarter, compared to the consensus estimate of $11.88 billion. During the same quarter in the prior year, the company earned $0.02 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. Equities research analysts predict 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.