Aspiriant LLC has increased its stake in Intel Corporation, boosting its holdings by 33.7% during the second quarter of 2023. According to a recent Form 13F filing with the U.S. Securities and Exchange Commission, the firm now owns 17,217 shares of the semiconductor giant, having acquired an additional 4,335 shares in the period. The value of Aspiriant’s investment in Intel stands at approximately $386,000 as of the latest reporting.
Other institutional investors have also shown increased interest in Intel. Wealth Enhancement Advisory Services LLC expanded its position by 33.7% in the first quarter, bringing its total to 666,600 shares, valued at $15.14 million after purchasing an additional 168,103 shares. CWA Asset Management Group LLC raised its stake by 43.4% during the same period, now owning 20,520 shares worth $466,000.
Additionally, Advisor Resource Council entered a new position in Intel valued at $377,000, while Mizuho Securities Co. Ltd. acquired a stake worth about $32,000. Stonegate Investment Group LLC significantly increased its holdings by 136.6%, now owning 102,409 shares valued at $2.33 million. Overall, institutional investors and hedge funds control 64.53% of Intel’s stock.
Analysts Weigh In on Intel’s Future
Intel has recently attracted attention from financial analysts, who have issued various ratings on the stock. JPMorgan Chase & Co. maintained a “sell” rating with a price target of $21.00 in a note dated September 19, 2023. Meanwhile, Susquehanna raised its target from $22.00 to $31.00, assigning a “neutral” rating.
On October 7, 2023, HSBC Global Research downgraded Intel from “hold” to “moderate sell,” while reiterating a “reduce” rating with a revised price target of $24.00, up from $21.25. Cantor Fitzgerald also increased its price objective from $26.00 to $36.00, maintaining a “neutral” rating. Currently, two analysts rate Intel as a Buy, while twenty-two have assigned a Hold rating, and seven analysts recommend a Sell. The consensus rating for Intel is “Reduce,” with an average price target of $28.54.
Current Performance and Financial Overview
As of the latest trading session, shares of Intel (NASDAQ: INTC) opened at $37.01. The company has a market capitalization of $161.99 billion, a price-to-earnings ratio of -7.76, and a beta of 1.33. Over the past year, Intel’s stock has seen a low of $17.67 and a high of $39.65.
Intel last reported its quarterly earnings on July 24, 2023, revealing a loss of ($0.10) per share, which fell short of the consensus estimate of $0.01 by ($0.11). The company’s net margin was -38.64%, with a return on equity of -3.78%. Revenue for the quarter amounted to $12.86 billion, surpassing analyst estimates of $11.88 billion, and representing a 0.5% increase from the previous year’s quarter.
Looking forward, Intel has provided guidance for the third quarter of 2025, estimating earnings per share between $0.000 and $0.000. Analysts project that Intel Corporation will report an EPS of -0.11 for the current year.
Intel Corporation is a prominent player in the technology sector, focusing on the design, development, manufacturing, marketing, and sale of computing products and services. Its operations span various segments, including Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services. The company offers a wide range of products, including processors, chipsets, and memory solutions.
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