AXQ Capital LP Buys Shares of 45,421 Intel Corporation $INTC

AXQ Capital LP bought a new position in shares of Intel Corporation (NASDAQ:INTC) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 45,421 shares of the chip maker’s stock, valued at approximately $1,017,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of Intel by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 385,903,735 shares of the chip maker’s stock valued at $8,644,244,000 after acquiring an additional 8,513,298 shares in the last quarter. Geode Capital Management LLC grew its position 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. Primecap Management Co. CA raised its holdings in Intel by 4.3% during the second quarter. Primecap Management Co. CA now owns 80,298,180 shares of the chip maker’s stock worth $1,798,679,000 after buying an additional 3,313,890 shares during the last quarter. Northern Trust Corp raised its holdings in Intel by 0.3% during the first quarter. Northern Trust Corp now owns 45,969,843 shares of the chip maker’s stock worth $1,043,975,000 after buying an additional 158,288 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Intel by 1.3% in the first quarter. Invesco Ltd. now owns 43,651,076 shares of the chip maker’s stock valued at $991,316,000 after buying an additional 562,246 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on INTC shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Intel from $30.00 to $35.00 and gave the stock a “hold” rating in a research report on Friday, October 24th. Benchmark increased their price objective on Intel from $43.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Wall Street Zen upgraded Intel from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Rosenblatt Securities upped their price target on Intel from $14.00 to $25.00 and gave the stock a “sell” rating in a report on Friday, October 24th. Finally, Citigroup reissued a “sell” rating and issued a $29.00 price target (up from $24.00) on shares of Intel in a research report on Friday, September 19th. Two investment analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and eight have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $34.84.

Intel Stock Performance

NASDAQ INTC opened at $34.50 on Friday. The company has a market capitalization of $164.81 billion, a PE ratio of 3,453.45 and a beta of 1.31. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.25 and a current ratio of 1.60. Intel Corporation has a 52-week low of $17.67 and a 52-week high of $42.48. The company has a 50-day simple moving average of $35.63 and a 200 day simple moving average of $26.79.

Intel (NASDAQ:INTC) last released 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 firm had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.10 billion. During the same period in the previous year, the company earned ($0.46) earnings per share. The company’s quarterly 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, research analysts predict that Intel Corporation will post -0.11 EPS for the current year.

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.