Geode Capital Management LLC Increases Stock Position in Intel Corporation $INTC

Geode Capital Management LLC lifted its position in shares of Intel Corporation (NASDAQ:INTC) by 1.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 97,563,079 shares of the chip maker’s stock after purchasing an additional 1,760,773 shares during the period. Geode Capital Management LLC owned about 2.23% of Intel worth $2,174,854,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. HFM Investment Advisors LLC acquired a new stake in shares of Intel in the first quarter valued at approximately $25,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Intel in the first quarter valued at about $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Intel during the first quarter worth about $27,000. West Branch Capital LLC acquired a new position in Intel in the 2nd quarter valued at about $28,000. Finally, PrairieView Partners LLC raised its stake in shares of Intel by 77.0% during the first quarter. PrairieView Partners LLC now owns 1,398 shares of the chip maker’s stock worth $31,000 after purchasing an additional 608 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Stock Performance

Shares of INTC opened at $37.88 on Wednesday. The firm has a fifty day moving average of $33.91 and a 200-day moving average of $26.04. Intel Corporation has a 1 year low of $17.67 and a 1 year high of $42.48. The company has a market cap of $180.95 billion, a price-to-earnings ratio of 3,791.79 and a beta of 1.31. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.25 and a current ratio of 1.60.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 23rd. The chip maker reported $0.23 earnings per share (EPS) for the quarter. Intel had a net margin of 0.37% and a negative return on equity of 0.75%. The firm had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.10 billion. During the same quarter in the prior year, the firm posted ($0.46) EPS. Intel’s revenue was up 3.0% compared to the same quarter last year. Intel has set its Q4 2025 guidance at 0.080-0.080 EPS. As a group, equities analysts anticipate that Intel Corporation will post -0.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on INTC shares. JPMorgan Chase & Co. upped their price target on shares of Intel from $21.00 to $30.00 and gave the stock an “underweight” rating in a research note on Friday, October 24th. Cantor Fitzgerald upped their target price on shares of Intel from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, October 20th. HSBC lifted their price objective on Intel from $24.00 to $26.00 in a research report on Friday, October 24th. Mizuho boosted their price objective on shares of Intel from $39.00 to $41.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Finally, Wall Street Zen upgraded shares of Intel from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Two investment analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and eight have given a Sell rating to the stock. According to data from MarketBeat, Intel has an average rating of “Reduce” and an average target price of $34.84.

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.