Alliancebernstein L.P. Sells 32,048 Shares of Intel Corporation $INTC

Key Points

• Alliancebernstein L.P. has reduced its holdings in Intel Corporation by 0.4%, now owning approximately 8.77 million shares valued at $199.2 million.
• Intel reported ($0.10) EPS for its last quarter, missing estimates, but achieved revenues of $12.86 billion, exceeding expectations of $11.88 billion.
• Institutional investors collectively own 64.53% of Intel's shares, with several firms like Toronto Dominion Bank and 180 Wealth Advisors LLC significantly increasing their positions recently.

Alliancebernstein L.P. decreased its position in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 0.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,772,584 shares of the chip maker's stock after selling 32,048 shares during the period. Alliancebernstein L.P. owned 0.20% of Intel worth $199,225,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. N.E.W. Advisory Services LLC acquired a new stake in shares of Intel in the first quarter worth about $25,000. Vermillion Wealth Management Inc. acquired a new position in shares of Intel during the 4th quarter worth about $27,000. MJT & Associates Financial Advisory Group Inc. bought a new position in Intel during the first quarter valued at about $27,000. LFA Lugano Financial Advisors SA bought a new position in Intel during the first quarter valued at about $30,000. Finally, Olde Wealth Management LLC bought a new position in Intel during the first quarter valued at about $31,000. Institutional investors and hedge funds own 64.53% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on INTC. Stifel Nicolaus upped their price objective on Intel from $21.00 to $24.50 and gave the company a "hold" rating in a research note on Monday, July 21st. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Intel in a report on Tuesday, August 19th. Wall Street Zen downgraded Intel from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. UBS Group increased their price target on Intel from $21.00 to $25.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Intel in a research report on Wednesday, May 21st. They issued a "hold" rating and a $23.00 price objective for the company. One analyst has rated the stock with a Buy rating, twenty-two have given a Hold rating and five have issued a Sell rating to the company's stock. According to MarketBeat, Intel currently has an average rating of "Reduce" and a consensus target price of $22.17.

Intel Stock Performance

INTC stock traded down $0.12 during mid-day trading on Friday, hitting $24.49. 55,699,848 shares of the company were exchanged, compared to its average volume of 127,681,256. Intel Corporation has a 1-year low of $17.67 and a 1-year high of $27.55. The business has a 50 day simple moving average of $22.71 and a 200-day simple moving average of $21.87. The stock has a market capitalization of $107.19 billion, a PE ratio of -5.13 and a beta of 1.23. The company has a current ratio of 1.24, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The chip maker reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.11). The firm had revenue of $12.86 billion during the quarter, compared to the consensus estimate of $11.88 billion. Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The business's revenue was up .5% compared to the same quarter last year. During the same period last year, the business earned $0.02 earnings per share. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. On average, equities analysts forecast that Intel Corporation will post -0.11 earnings per share 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.