Ameriprise Financial Inc. Sells 170,367 Shares of Intel Corporation $INTC

Key Points

• Ameriprise Financial Inc. has reduced its stake in Intel Corporation by 4.3%, selling 170,367 shares, while retaining a total of 3,810,985 shares valued at approximately $83.12 million.
• Recent analysts' reports show a predominance of "hold" ratings on Intel, with a consensus rating of "Reduce" and an average target price of $22.17.
• Intel reported a quarterly loss of ($0.10) earnings per share, missing estimates, despite revenue rising slightly to $12.86 billion compared to the same quarter last year.

Ameriprise Financial Inc. reduced its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 4.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,810,985 shares of the chip maker's stock after selling 170,367 shares during the quarter. Ameriprise Financial Inc. owned about 0.09% of Intel worth $83,120,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of INTC. Susquehanna Fundamental Investments LLC bought a new stake in shares of Intel during the fourth quarter valued at approximately $5,444,000. Parkshore Wealth Management Inc. bought a new stake in shares of Intel during the fourth quarter valued at approximately $252,000. The Manufacturers Life Insurance Company grew its stake in shares of Intel by 0.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 2,786,564 shares of the chip maker's stock valued at $55,871,000 after purchasing an additional 10,258 shares during the last quarter. Northern Trust Corp grew its stake in shares of Intel by 15.5% during the fourth quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock valued at $918,522,000 after purchasing an additional 6,157,853 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Intel by 381.1% during the fourth quarter. AQR Capital Management LLC now owns 4,495,876 shares of the chip maker's stock valued at $90,142,000 after purchasing an additional 3,561,351 shares during the last quarter. 64.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a research note on Friday, July 25th. Loop Capital assumed coverage on shares of Intel in a research note on Monday, July 21st. They issued a "hold" rating and a $25.00 price objective on the stock. Wall Street Zen cut shares of Intel from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Benchmark reaffirmed a "hold" rating on shares of Intel in a research note on Friday, July 25th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Intel from $20.00 to $21.00 and gave the company an "underweight" rating in a research note on Friday, July 25th. One equities research analyst has rated the stock with a Buy rating, twenty-two have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average target price of $22.17.

Intel Trading Down 1.0%

Shares of NASDAQ INTC opened at $24.55 on Tuesday. The company's fifty day moving average is $22.22 and its 200-day moving average is $21.77. The stock has a market cap of $107.46 billion, a price-to-earnings ratio of -5.15 and a beta of 1.22. Intel Corporation has a twelve month low of $17.67 and a twelve month high of $27.55. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42.

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

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.

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