Bank of Nova Scotia Grows Position in Intel Corporation $INTC

Bank of Nova Scotia increased its holdings in shares of Intel Corporation (NASDAQ:INTC) by 2.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,332,433 shares of the chip maker’s stock after purchasing an additional 51,383 shares during the quarter. Bank of Nova Scotia owned 0.05% of Intel worth $52,246,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings 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 worth $8,644,244,000 after acquiring an additional 8,513,298 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Intel by 1.8% in the second quarter. Geode Capital Management LLC now owns 97,563,079 shares of the chip maker’s stock valued at $2,174,854,000 after buying an additional 1,760,773 shares in the last quarter. Primecap Management Co. CA raised its holdings in shares of Intel by 4.3% in the 2nd quarter. Primecap Management Co. CA now owns 80,298,180 shares of the chip maker’s stock valued at $1,798,679,000 after buying an additional 3,313,890 shares during the period. Norges Bank acquired a new position in Intel during the 2nd quarter worth about $1,579,378,000. Finally, Invesco Ltd. boosted its holdings in Intel by 8.5% during the 2nd quarter. Invesco Ltd. now owns 47,346,439 shares of the chip maker’s stock valued at $1,060,560,000 after acquiring an additional 3,695,363 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Trading Down 2.7%

NASDAQ:INTC opened at $40.30 on Tuesday. Intel Corporation has a 1 year low of $17.67 and a 1 year high of $44.02. The stock has a market cap of $192.51 billion, a P/E ratio of 4,034.03 and a beta of 1.34. 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 stock has a 50-day simple moving average of $37.77 and a 200-day simple moving average of $28.29.

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

Analysts Set New Price Targets

Several analysts have recently issued reports on INTC shares. Raymond James Financial assumed coverage on shares of Intel in a research report on Friday, November 21st. They set a “market perform” rating on the stock. Tigress Financial boosted their price target on shares of Intel from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. HSBC increased their price objective on Intel from $24.00 to $26.00 in a research note on Friday, October 24th. JPMorgan Chase & Co. upped their price target on Intel from $21.00 to $30.00 and gave the stock an “underweight” rating in a report on Friday, October 24th. Finally, Rosenblatt Securities lifted their price objective on Intel from $14.00 to $25.00 and gave the company a “sell” rating in a research note on Friday, October 24th. Two analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and eight have assigned a Sell rating to the company. According to data from MarketBeat, Intel currently has an average rating of “Reduce” and a consensus 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.