Westpac Banking Corp Has $3.05 Million Stock Holdings in Intel Corporation $INTC

Westpac Banking Corp boosted its holdings in shares of Intel Corporation (NASDAQ:INTC) by 208.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 136,181 shares of the chip maker’s stock after purchasing an additional 92,094 shares during the quarter. Westpac Banking Corp’s holdings in Intel were worth $3,050,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in INTC. Vanguard Group Inc. grew its stake in shares of Intel by 2.2% in the first quarter. Vanguard Group Inc. now owns 377,390,437 shares of the chip maker’s stock worth $8,570,537,000 after acquiring an additional 8,291,233 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Intel by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 97,563,079 shares of the chip maker’s stock valued at $2,174,854,000 after purchasing an additional 1,760,773 shares during the period. Northern Trust Corp grew its position in Intel by 0.3% in the 1st quarter. Northern Trust Corp now owns 45,969,843 shares of the chip maker’s stock worth $1,043,975,000 after purchasing an additional 158,288 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Intel by 1.3% during the 1st quarter. Invesco Ltd. now owns 43,651,076 shares of the chip maker’s stock worth $991,316,000 after purchasing an additional 562,246 shares during the period. Finally, Amundi raised its position in shares of Intel by 22.0% during the first quarter. Amundi now owns 37,878,097 shares of the chip maker’s stock valued at $849,606,000 after buying an additional 6,829,690 shares during the last quarter. 64.53% of the stock is owned by institutional investors.

Intel Stock Down 1.1%

Shares of NASDAQ INTC opened at $35.52 on Friday. Intel Corporation has a 52-week low of $17.67 and a 52-week high of $42.48. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.25 and a current ratio of 1.60. The business has a fifty day moving average of $34.63 and a two-hundred day moving average of $26.34. The stock has a market cap of $169.68 billion, a PE ratio of 3,555.56 and a beta of 1.31.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, October 23rd. The chip maker reported $0.23 earnings per share for the quarter. Intel had a net margin of 0.37% and a negative return on equity of 0.75%. The business had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.10 billion. During the same quarter in the prior year, the firm earned ($0.46) EPS. The firm’s quarterly 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 research analysts expect that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

INTC has been the subject of several research reports. Wedbush increased their target price on shares of Intel from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Morgan Stanley raised their price objective on Intel from $23.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Monday, October 20th. UBS Group lifted their price objective on Intel from $35.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, October 6th. BNP Paribas Exane upped their target price on Intel from $19.00 to $30.00 and gave the company an “underperform” rating in a research note on Friday, October 24th. Finally, Susquehanna lifted their price target on shares of Intel from $31.00 to $35.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. Two investment analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and eight have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Intel presently has an average rating of “Reduce” and an average price target of $34.84.

Intel Company 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.