Baxter Bros Inc. Sells 15,817 Shares of Intel Corporation $INTC

Baxter Bros Inc. cut its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 23.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,550 shares of the chip maker's stock after selling 15,817 shares during the period. Baxter Bros Inc.'s holdings in Intel were worth $1,132,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. N.E.W. Advisory Services LLC purchased a new position in shares of Intel in the first quarter valued at about $25,000. HFM Investment Advisors LLC purchased a new position in shares of Intel in the first quarter valued at about $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Intel in the first quarter valued at about $27,000. West Branch Capital LLC purchased a new position in shares of Intel in the second quarter valued at about $28,000. Finally, LFA Lugano Financial Advisors SA purchased a new position in shares of Intel in the first quarter valued at about $30,000. Hedge funds and other institutional investors own 64.53% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on INTC. Northland Securities boosted their price objective on shares of Intel from $28.00 to $42.00 in a research report on Friday, September 19th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Intel from $23.00 to $30.00 and gave the company a "hold" rating in a research report on Monday, September 29th. HSBC restated a "reduce" rating and issued a $24.00 price objective (up previously from $21.25) on shares of Intel in a research report on Tuesday. Weiss Ratings reiterated a "sell (d)" rating on shares of Intel in a research report on Wednesday. Finally, UBS Group boosted their price target on shares of Intel from $35.00 to $40.00 and gave the company a "neutral" rating in a research report on Monday. Two research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and seven have issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Reduce" and an average price target of $26.30.

Intel Price Performance

Shares of NASDAQ INTC opened at $37.43 on Thursday. Intel Corporation has a 1 year low of $17.67 and a 1 year high of $38.68. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.92. The company's 50-day moving average is $26.46 and its 200 day moving average is $23.06. The stock has a market capitalization of $163.83 billion, a P/E ratio of -7.85 and a beta of 1.33.

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 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 analysts' expectations of $11.88 billion. Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%.Intel's revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the company posted $0.02 EPS. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. On average, sell-side analysts expect that Intel Corporation will post -0.11 earnings per share for the current year.

About Intel

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.