BI Asset Management Fondsmaeglerselskab A S Lowers Stock Holdings in Intel Corporation $INTC

Key Points

• BI Asset Management Fondsmaeglerselskab A S reduced its position in Intel Corporation by 21.6%, selling 69,562 shares during the 1st quarter, bringing its total to 252,164 shares worth approximately $5.73 million.
• Intel's shares opened at $23.54, with a market capitalization of $103.03 billion but reported a quarterly loss of ($0.10) EPS, missing analyst expectations.
• Analysts have a consensus rating of "Reduce" on Intel stock with a consensus target price of $22.17, highlighting a challenging outlook amid ongoing evaluations by different investment firms.

BI Asset Management Fondsmaeglerselskab A S lessened its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 21.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 252,164 shares of the chip maker's stock after selling 69,562 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Intel were worth $5,727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Nuveen LLC bought a new stake in Intel in the first quarter worth about $538,430,000. Two Sigma Advisers LP bought a new stake in shares of Intel in the fourth quarter valued at $289,752,000. Two Sigma Investments LP bought a new position in shares of Intel during the 4th quarter worth $237,457,000. Goldman Sachs Group Inc. raised its stake in Intel by 133.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 18,758,658 shares of the chip maker's stock valued at $426,009,000 after acquiring an additional 10,719,274 shares during the period. Finally, Neuberger Berman Group LLC raised its stake in Intel by 1,091.1% in the 1st quarter. Neuberger Berman Group LLC now owns 11,204,926 shares of the chip maker's stock valued at $254,641,000 after acquiring an additional 10,264,175 shares during the period. 64.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

INTC has been the topic of several research reports. UBS Group boosted their price target on shares of Intel from $21.00 to $25.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Intel in a report on Wednesday, May 21st. They issued a "hold" rating and a $23.00 price target for the company. Rosenblatt Securities restated a "sell" rating and issued a $14.00 target price on shares of Intel in a research note on Friday, July 25th. Wall Street Zen cut shares of Intel from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Finally, JPMorgan Chase & Co. upped their target price on Intel from $20.00 to $21.00 and gave the stock an "underweight" rating in a research note on Friday, July 25th. One research analyst has rated the stock with a Buy rating, twenty-three have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and an average price target of $22.17.

Intel Trading Up 5.5%

Shares of NASDAQ:INTC traded up $1.30 on Friday, hitting $24.80. The company had a trading volume of 196,468,412 shares, compared to its average volume of 139,018,528. The firm's 50-day simple moving average is $22.15 and its two-hundred day simple moving average is $21.72. The firm has a market capitalization of $108.55 billion, a price-to-earnings ratio of -5.20 and a beta of 1.22. 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 Corporation has a 1 year low of $17.67 and a 1 year high of $27.55.

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 the consensus estimate 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 company had revenue of $12.86 billion for the quarter, compared to analysts' expectations of $11.88 billion. During the same quarter in the prior year, the firm earned $0.02 EPS. Intel's quarterly revenue was up .5% compared to the same quarter last year. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. Equities analysts anticipate that Intel Corporation will post -0.11 earnings per share for the current fiscal 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.