Envestnet Asset Management Inc. Purchases 452,419 Shares of Intel Corporation $INTC

Envestnet Asset Management Inc. raised its stake in shares of Intel Corporation (NASDAQ:INTC) by 47.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,406,009 shares of the chip maker’s stock after purchasing an additional 452,419 shares during the period. Envestnet Asset Management Inc.’s holdings in Intel were worth $31,492,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Resonant Capital Advisors LLC grew its stake in shares of Intel by 6.1% in the 2nd quarter. Resonant Capital Advisors LLC now owns 10,432 shares of the chip maker’s stock valued at $234,000 after buying an additional 604 shares during the period. Brighton Jones LLC grew its stake in shares of Intel by 40.2% in the 2nd quarter. Brighton Jones LLC now owns 186,750 shares of the chip maker’s stock valued at $4,183,000 after buying an additional 53,521 shares during the period. AG2R LA Mondiale Gestion D Actifs grew its stake in shares of Intel by 2.1% in the 2nd quarter. AG2R LA Mondiale Gestion D Actifs now owns 164,556 shares of the chip maker’s stock valued at $3,686,000 after buying an additional 3,308 shares during the period. Focus Partners Advisor Solutions LLC grew its stake in shares of Intel by 60.2% in the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 113,425 shares of the chip maker’s stock valued at $2,541,000 after buying an additional 42,629 shares during the period. Finally, State of New Jersey Common Pension Fund D grew its stake in shares of Intel by 0.5% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 1,462,777 shares of the chip maker’s stock valued at $32,766,000 after buying an additional 6,894 shares during the period. 64.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on INTC shares. Cantor Fitzgerald lifted their price target on Intel from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, October 20th. Benchmark upped their price target on shares of Intel from $43.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, October 24th. Cowen reiterated a “hold” rating on shares of Intel in a research report on Friday, October 24th. Mizuho upped their price target on shares of Intel from $39.00 to $41.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Finally, New Street Research upped their price objective on shares of Intel from $23.00 to $32.00 in a research note on Friday, September 19th. One research analyst has rated the stock with a Buy rating, twenty-three have issued a Hold rating and eight have given a Sell rating to the company. Based on data from MarketBeat, Intel has an average rating of “Reduce” and an average price target of $34.18.

Intel Price Performance

INTC stock opened at $39.99 on Monday. Intel Corporation has a 1 year low of $17.67 and a 1 year high of $42.48. The company has a market cap of $175.04 billion, a P/E ratio of 4,003.00 and a beta of 1.33. The firm has a 50-day moving average of $32.01 and a 200 day moving average of $25.14. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.60 and a quick ratio of 1.25.

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