Baird Financial Group Inc. reduced its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 14.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 421,317 shares of the chip maker's stock after selling 70,997 shares during the quarter. Baird Financial Group Inc.'s holdings in Intel were worth $9,568,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. Nuveen LLC bought a new stake in shares of Intel during the first quarter valued at approximately $538,430,000. Price T Rowe Associates Inc. MD boosted its position in shares of Intel by 99.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,829,385 shares of the chip maker's stock valued at $677,426,000 after purchasing an additional 14,901,457 shares in the last quarter. Two Sigma Advisers LP bought a new stake in shares of Intel during the fourth quarter valued at approximately $289,752,000. Two Sigma Investments LP bought a new stake in shares of Intel during the fourth quarter valued at approximately $237,457,000. Finally, Goldman Sachs Group Inc. boosted its position in shares of Intel by 133.3% during the first quarter. Goldman Sachs Group Inc. now owns 18,758,658 shares of the chip maker's stock valued at $426,009,000 after purchasing an additional 10,719,274 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.
Intel Trading Down 0.6%
Shares of NASDAQ:INTC opened at $24.21 on Wednesday. The company has a market cap of $105.97 billion, a P/E ratio of -5.08 and a beta of 1.23. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.92. Intel Corporation has a 1 year low of $17.67 and a 1 year high of $27.55. The stock's fifty day moving average price is $22.59 and its 200-day moving average price is $21.87.
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 (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.11). Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The business had revenue of $12.86 billion for the quarter, compared to the consensus estimate of $11.88 billion. During the same period in the previous year, the company earned $0.02 earnings per share. The company's revenue for the quarter was up .5% compared to the same quarter last year. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. Sell-side analysts expect that Intel Corporation will post -0.11 earnings per share for the current year.
Wall Street Analyst Weigh In
Several research firms recently weighed in on INTC. Stifel Nicolaus lifted their price target on Intel from $21.00 to $24.50 and gave the company a "hold" rating in a research report on Monday, July 21st. Loop Capital started coverage on Intel in a research note on Monday, July 21st. They set a "hold" rating and a $25.00 price objective for the company. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a research note on Friday, July 25th. Rosenblatt Securities reiterated a "sell" rating and set a $14.00 price objective on shares of Intel in a research note on Friday, July 25th. Finally, Wall Street Zen cut Intel from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. One research analyst has rated the stock with a Buy rating, twenty-two have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus price target of $22.17.
Get Our Latest Research Report on INTC
Intel Profile
(
Free Report)
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.
Further Reading
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