Adage Capital Partners GP L.L.C. Boosts Holdings in Intel Corporation $INTC

Adage Capital Partners GP L.L.C. raised its holdings in shares of Intel Corporation (NASDAQ:INTC) by 12.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 4,298,685 shares of the chip maker’s stock after purchasing an additional 469,000 shares during the period. Adage Capital Partners GP L.L.C.’s holdings in Intel were worth $97,623,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC purchased a new position in Intel during the 1st quarter valued at about $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in Intel during the 1st quarter valued at about $27,000. LFA Lugano Financial Advisors SA purchased a new position in Intel during the 1st quarter valued at about $30,000. Vermillion Wealth Management Inc. purchased a new stake in shares of Intel during the fourth quarter worth about $27,000. Finally, PrairieView Partners LLC grew its holdings 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 buying an additional 608 shares in the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

INTC has been the subject of a number of recent research reports. UBS Group lifted their price target on shares of Intel from $21.00 to $25.00 and gave the stock a “neutral” rating in a report on Monday, July 14th. Citigroup reiterated a “hold” rating on shares of Intel in a report on Tuesday, July 8th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Intel in a report on Tuesday, August 19th. Wall Street Zen downgraded shares of Intel from a “hold” rating to a “sell” rating in a report on Saturday, July 26th. Finally, Mizuho lifted their price target on shares of Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, July 3rd. One investment analyst has rated the stock with a Buy rating, twenty-two have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $22.17.

Intel Price Performance

Intel stock opened at $24.21 on Wednesday. Intel Corporation has a 1 year low of $17.67 and a 1 year high of $27.55. The firm has a 50 day moving average price of $22.59 and a 200 day moving average price of $21.87. The company has a market cap of $105.97 billion, a price-to-earnings ratio of -5.08 and a beta of 1.23. 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 (NASDAQ:INTC) last released its earnings results 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 net margin of 38.64% and a negative return on equity of 3.78%. The company had revenue of $12.86 billion during the quarter, compared to analysts’ expectations of $11.88 billion. During the same quarter in the previous year, the firm posted $0.02 earnings per share. Intel’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. Sell-side analysts predict that Intel Corporation will post -0.11 earnings per share for the current year.

Intel 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.