KLP Kapitalforvaltning AS Buys 93,900 Shares of Intel Corporation $INTC

KLP Kapitalforvaltning AS lifted its stake in Intel Corporation (NASDAQ:INTCFree Report) by 6.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,558,908 shares of the chip maker’s stock after buying an additional 93,900 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Intel were worth $34,920,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. N.E.W. Advisory Services LLC bought a new stake in Intel during the 1st quarter valued at approximately $25,000. HFM Investment Advisors LLC bought a new stake in Intel during the 1st quarter valued at approximately $25,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in Intel during the 1st quarter valued at approximately $27,000. West Branch Capital LLC bought a new stake in Intel during the 2nd quarter valued at approximately $28,000. Finally, LFA Lugano Financial Advisors SA bought a new stake in Intel during the 1st quarter valued at approximately $30,000. Institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

INTC has been the topic of several recent analyst reports. JPMorgan Chase & Co. reissued a “sell” rating and set a $21.00 target price on shares of Intel in a research note on Friday, September 19th. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research note on Friday, July 25th. Roth Capital reaffirmed a “neutral” rating and issued a $30.00 price objective on shares of Intel in a research note on Thursday, September 18th. Erste Group Bank raised Intel from a “sell” rating to a “hold” rating in a research note on Monday, September 22nd. Finally, HSBC set a $24.00 price objective on Intel in a research note on Tuesday. Two investment analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $26.30.

Check Out Our Latest Report on INTC

Intel Price Performance

Shares of Intel stock opened at $37.17 on Wednesday. The stock has a market cap of $162.69 billion, a price-to-earnings ratio of -7.79 and a beta of 1.33. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.24. The stock has a 50 day moving average price of $26.12 and a 200-day moving average price of $22.96. Intel Corporation has a one year low of $17.67 and a one year high of $38.68.

Intel (NASDAQ:INTCGet Free Report) last announced its earnings results on Thursday, July 24th. The chip maker reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.11). The company had revenue of $12.86 billion during the quarter, compared to analysts’ expectations of $11.88 billion. Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%.Intel’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.02 EPS. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. Equities analysts expect that Intel Corporation will post -0.11 EPS for the current year.

About Intel

(Free Report)

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.

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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