Cullinan Associates Inc. Reduces Stock Holdings in Intel Corporation $INTC

Key Points

• Cullinan Associates Inc. has reduced its holdings in Intel Corporation by 30.9%, now owning 50,389 shares valued at approximately $1,129,000.
• Multiple hedge funds have significantly increased their stakes in Intel, with Nuveen LLC and Price T Rowe Associates among the largest investors, reflecting a growing interest in the company.
• Intel's recent earnings report showed a loss of ($0.10) EPS, missing expectations, although revenue increased to $12.86 billion, surpassing analyst estimates.

Cullinan Associates Inc. lessened its holdings in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 30.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,389 shares of the chip maker's stock after selling 22,500 shares during the quarter. Cullinan Associates Inc.'s holdings in Intel were worth $1,129,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Nuveen LLC bought a new stake in Intel during the 1st quarter valued at $538,430,000. Kingstone Capital Partners Texas LLC acquired a new position in Intel during the 2nd quarter worth $345,245,000. Price T Rowe Associates Inc. MD boosted its position in Intel by 99.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,829,385 shares of the chip maker's stock worth $677,426,000 after acquiring an additional 14,901,457 shares during the period. Goldman Sachs Group Inc. boosted its position in Intel by 133.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 18,758,658 shares of the chip maker's stock worth $426,009,000 after acquiring an additional 10,719,274 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in Intel by 86.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 22,705,050 shares of the chip maker's stock worth $508,593,000 after acquiring an additional 10,523,590 shares during the period. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Trading Down 1.3%

Intel stock opened at $36.83 on Monday. The business has a 50 day moving average price of $25.47 and a two-hundred day moving average price of $22.78. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. The stock has a market cap of $161.20 billion, a price-to-earnings ratio of -7.72 and a beta of 1.33. Intel Corporation has a 12 month low of $17.67 and a 12 month high of $38.08.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The chip maker reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.11). The firm had revenue of $12.86 billion during 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%. The company's revenue was up .5% on a year-over-year basis. During the same period last year, the company earned $0.02 EPS. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. As a group, equities analysts forecast that Intel Corporation will post -0.11 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Citigroup reissued a "sell" rating and issued a $29.00 price objective (up previously from $24.00) on shares of Intel in a research note on Friday, September 19th. JPMorgan Chase & Co. reissued a "sell" rating and issued a $21.00 price objective on shares of Intel in a research note on Friday, September 19th. Stifel Nicolaus boosted their price objective on Intel from $21.00 to $24.50 and gave the stock a "hold" rating in a research note on Monday, July 21st. Erste Group Bank raised Intel from a "sell" rating to a "hold" rating in a research note on Monday, September 22nd. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Intel from $23.00 to $30.00 and gave the stock a "hold" rating in a research note on Monday, September 29th. Two analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Reduce" and a consensus price target of $26.19.

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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