Cinctive Capital Management LP Trims Holdings in Intel Corporation $INTC

Key Points

• Cinctive Capital Management LP reduced its holdings in Intel Corporation by 49.1%, selling 372,566 shares and retaining 386,983 shares, valued at approximately $8.79 million.
• Despite Cinctive's sell-off, several other institutional investors like Nuveen LLC and Goldman Sachs increased their stakes in Intel, highlighting a complex investment landscape.
• Intel reported a quarterly loss of ($0.10) EPS, missing expectations, but revenue increased by 0.5% year-over-year, totaling $12.86 billion.

Cinctive Capital Management LP reduced its holdings in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 49.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 386,983 shares of the chip maker's stock after selling 372,566 shares during the quarter. Cinctive Capital Management LP's holdings in Intel were worth $8,788,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in INTC. Nuveen LLC purchased a new position in shares of Intel during the 1st quarter valued at approximately $538,430,000. Price T Rowe Associates Inc. MD lifted its stake in 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 worth $677,426,000 after purchasing an additional 14,901,457 shares during the last quarter. Two Sigma Advisers LP bought a new position in Intel during the fourth quarter worth $289,752,000. Two Sigma Investments LP bought a new position in Intel during the fourth quarter worth $237,457,000. Finally, Goldman Sachs Group Inc. lifted its stake in Intel by 133.3% in 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 buying an additional 10,719,274 shares during the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on INTC shares. Citigroup reiterated a "hold" rating on shares of Intel in a research note on Tuesday, July 8th. UBS Group raised their target price on Intel from $21.00 to $25.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Loop Capital started coverage on Intel in a research note on Monday, July 21st. They issued a "hold" rating and a $25.00 target price on the stock. Sanford C. Bernstein reiterated a "market perform" rating on shares of Intel in a research note on Tuesday, August 19th. Finally, Stifel Nicolaus raised their target price on Intel from $21.00 to $24.50 and gave the company a "hold" rating in a research note on Monday, July 21st. One equities research analyst has rated the stock with a Buy rating, twenty-two have given a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus price target of $22.17.

Intel Price Performance

Shares of INTC opened at $24.00 on Thursday. The firm has a market capitalization of $105.05 billion, a price-to-earnings ratio of -5.03 and a beta of 1.23. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.24. Intel Corporation has a one year low of $17.67 and a one year high of $27.55. The stock's fifty day moving average is $22.63 and its 200-day moving average is $21.88.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings results 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 for 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%. Intel's revenue for the quarter was up .5% on a year-over-year basis. During the same period last year, the business posted $0.02 earnings per share. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. Equities analysts anticipate 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.

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