Pinnacle Wealth Planning Services Inc. Grows Stake in Intel Corporation $INTC

Pinnacle Wealth Planning Services Inc. boosted its stake in shares of Intel Corporation (NASDAQ:INTC) by 187.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 86,244 shares of the chip maker’s stock after acquiring an additional 56,193 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in Intel were worth $1,932,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Nuveen LLC bought a new position in shares of Intel during the 1st quarter valued at approximately $538,430,000. Kingstone Capital Partners Texas LLC bought a new position in Intel during the second quarter valued at $345,245,000. Price T Rowe Associates Inc. MD increased its position in Intel by 99.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,829,385 shares of the chip maker’s stock valued at $677,426,000 after acquiring an additional 14,901,457 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Intel by 133.3% in the first quarter. Goldman Sachs Group Inc. now owns 18,758,658 shares of the chip maker’s stock valued at $426,009,000 after acquiring an additional 10,719,274 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Intel by 86.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 22,705,050 shares of the chip maker’s stock worth $508,593,000 after acquiring an additional 10,523,590 shares during the last quarter. 64.53% of the stock is owned by institutional investors.

Intel Stock Down 2.3%

Shares of NASDAQ:INTC opened at $34.71 on Tuesday. The business’s 50 day moving average is $34.84 and its 200 day moving average is $26.48. The stock has a market cap of $165.81 billion, a P/E ratio of 3,474.47 and a beta of 1.31. Intel Corporation has a 52-week low of $17.67 and a 52-week high of $42.48. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.38.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, October 23rd. The chip maker reported $0.23 earnings per share for the quarter. Intel had a negative return on equity of 0.75% and a net margin of 0.37%.The business had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.10 billion. During the same period in the prior year, the business earned ($0.46) EPS. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. Intel has set its Q4 2025 guidance at 0.080-0.080 EPS. Sell-side analysts predict that Intel Corporation will post -0.11 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Roth Capital upped their price target on shares of Intel from $30.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Mizuho upped their target price on Intel from $39.00 to $41.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Stifel Nicolaus raised their price target on Intel from $21.00 to $24.50 and gave the stock a “hold” rating in a research note on Monday, July 21st. Benchmark boosted their price objective on Intel from $43.00 to $50.00 and gave the company a “buy” rating in a report on Friday, October 24th. Finally, Northland Securities increased their target price on Intel from $28.00 to $42.00 in a research note on Friday, September 19th. Two analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and eight have assigned a Sell rating to the company. Based on data from MarketBeat, Intel currently has a consensus rating of “Reduce” and an average price target of $34.84.

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.