Intel Corporation $INTC Shares Sold by American Century Companies Inc.

Key Points

• American Century Companies Inc. has reduced its holdings in Intel Corporation by 15.0%, selling 265,539 shares during the first quarter, leaving them with 1,499,100 shares worth approximately $34 million.
• Several institutional investors, including N.E.W. Advisory Services LLC and MJT & Associates Financial Advisory Group Inc., have recently purchased new stakes in Intel, indicating ongoing interest in the company.
• Intel reported earnings of ($0.10) per share for the most recent quarter, missing expectations, but revenue rose to $12.86 billion, surpassing analyst predictions.

American Century Companies Inc. trimmed its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 15.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,499,100 shares of the chip maker's stock after selling 265,539 shares during the quarter. American Century Companies Inc.'s holdings in Intel were worth $34,045,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Cornerstone Advisory LLC boosted its holdings in Intel by 4.3% in the fourth quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker's stock valued at $198,000 after purchasing an additional 409 shares during the last quarter. Verdence Capital Advisors LLC boosted its holdings in Intel by 1.1% in the first quarter. Verdence Capital Advisors LLC now owns 45,682 shares of the chip maker's stock valued at $1,037,000 after purchasing an additional 486 shares during the last quarter. Cary Street Partners Investment Advisory LLC boosted its holdings in Intel by 23.1% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 2,614 shares of the chip maker's stock valued at $59,000 after purchasing an additional 491 shares during the last quarter. one8zero8 LLC boosted its holdings in Intel by 4.2% in the first quarter. one8zero8 LLC now owns 12,320 shares of the chip maker's stock valued at $280,000 after purchasing an additional 500 shares during the last quarter. Finally, Lakeridge Wealth Management LLC boosted its holdings in Intel by 4.4% in the first quarter. Lakeridge Wealth Management LLC now owns 12,521 shares of the chip maker's stock valued at $284,000 after purchasing an additional 525 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on INTC. Stifel Nicolaus increased their target price on shares of Intel from $21.00 to $24.50 and gave the stock a "hold" rating in a research note on Monday, July 21st. UBS Group increased their target price on shares of Intel from $21.00 to $25.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Deutsche Bank Aktiengesellschaft began coverage on shares of Intel in a research note on Wednesday, May 21st. They set a "hold" rating and a $23.00 target price on the stock. Benchmark reissued a "hold" rating on shares of Intel in a research note on Friday, July 25th. Finally, Seaport Res Ptn raised shares of Intel to a "strong sell" rating in a research note on Wednesday, April 30th. One equities research analyst has rated the stock with a Buy rating, twenty-three have issued a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat, Intel presently has a consensus rating of "Reduce" and a consensus price target of $22.17.

Intel Price Performance

INTC stock traded up $1.30 during mid-day trading on Friday, reaching $24.80. The company's stock had a trading volume of 196,468,412 shares, compared to its average volume of 139,018,528. The stock has a market cap of $108.55 billion, a PE ratio of -5.20 and a beta of 1.22. 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 Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $27.55. The company's 50 day moving average is $22.15 and its two-hundred day moving average is $21.72.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The chip maker reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.11). The business had revenue of $12.86 billion during the quarter, compared to analyst estimates of $11.88 billion. Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The firm's revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.02 EPS. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. Equities research analysts expect 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.