Cacti Asset Management LLC Purchases 2,452 Shares of Intel Corporation $INTC

Cacti Asset Management LLC raised its holdings in shares of Intel Corporation (NASDAQ:INTC) by 1.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 146,649 shares of the chip maker’s stock after purchasing an additional 2,452 shares during the quarter. Cacti Asset Management LLC’s holdings in Intel were worth $3,327,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of INTC. Westbourne Investments Inc. boosted its holdings in Intel by 319.4% during the 1st quarter. Westbourne Investments Inc. now owns 71,425 shares of the chip maker’s stock valued at $1,622,000 after acquiring an additional 54,395 shares during the period. Toronto Dominion Bank increased its stake in Intel by 286.8% in the fourth quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker’s stock worth $211,114,000 after purchasing an additional 7,806,882 shares during the period. 180 Wealth Advisors LLC lifted its position in shares of Intel by 124.9% during the first quarter. 180 Wealth Advisors LLC now owns 127,916 shares of the chip maker’s stock worth $2,905,000 after purchasing an additional 71,049 shares during the last quarter. Gordian Capital Singapore Pte Ltd boosted its stake in shares of Intel by 120.7% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 64,000 shares of the chip maker’s stock valued at $1,282,000 after purchasing an additional 35,000 shares during the period. Finally, Fluent Financial LLC bought a new position in shares of Intel in the first quarter worth about $530,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Trading Down 2.2%

Shares of NASDAQ:INTC opened at $24.08 on Friday. The company has a market capitalization of $105.40 billion, a PE ratio of -5.05 and a beta of 1.23. 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 $27.55. The business’s fifty day simple moving average is $22.92 and its 200-day simple moving average is $21.86.

Intel (NASDAQ:INTC) last issued its quarterly earnings data 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 company had revenue of $12.86 billion for the quarter, compared to analysts’ expectations of $11.88 billion. During the same quarter last year, the company earned $0.02 earnings per share. The company’s revenue for the quarter was up .5% compared to the same quarter last year. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. As a group, equities research analysts predict that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on INTC. UBS Group lifted their price objective on shares of Intel from $21.00 to $25.00 and gave the company a “neutral” rating in a report on Monday, July 14th. Loop Capital began coverage on shares of Intel in a research report on Monday, July 21st. They set a “hold” rating and a $25.00 target price on the stock. Rosenblatt Securities reiterated a “sell” rating and issued a $14.00 price target on shares of Intel in a report on Friday, July 25th. Sanford C. Bernstein reissued a “market perform” rating on shares of Intel in a research note on Tuesday, August 19th. Finally, Benchmark reaffirmed a “hold” rating on shares of Intel in a research report on Friday, July 25th. One investment analyst has rated the stock with a Buy rating, twenty-two have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $22.17.

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.