DAVENPORT & Co LLC Has $925,000 Stake in Intel Corporation $INTC

Key Points

• DAVENPORT & Co LLC reduced its stake in Intel Corporation by 14.6% in Q2, holding 41,295 shares valued at approximately $925,000 after selling 7,050 shares.
• Several large investors made significant adjustments to their holdings, with Nuveen LLC acquiring a new stake valued at approximately $538 million, and Price T Rowe Associates increasing its stake by nearly 100% during the first quarter.
• Intel's recent earnings report showed a loss of ($0.10) EPS, falling short of expectations, while its revenue of $12.86 billion surpassed analyst estimates.

DAVENPORT & Co LLC trimmed its holdings in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 14.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,295 shares of the chip maker's stock after selling 7,050 shares during the period. DAVENPORT & Co LLC's holdings in Intel were worth $925,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Nuveen LLC acquired a new stake in shares of Intel in the first quarter valued at approximately $538,430,000. Kingstone Capital Partners Texas LLC acquired a new position in shares of Intel during the second quarter valued at $345,245,000. Price T Rowe Associates Inc. MD lifted its stake 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 acquiring an additional 14,901,457 shares during the period. Goldman Sachs Group Inc. raised its holdings 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 purchasing an additional 10,719,274 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings 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 purchasing an additional 10,523,590 shares during the last quarter. Institutional investors own 64.53% of the company's stock.

Analyst Ratings Changes

INTC has been the subject of several analyst reports. Weiss Ratings reiterated a "sell (d)" rating on shares of Intel in a research report on Wednesday. Mizuho raised their price objective on shares of Intel from $22.00 to $23.00 and gave the company a "neutral" rating in a research note on Thursday, July 3rd. TD Cowen increased their price target on Intel from $20.00 to $35.00 and gave the company a "hold" rating in a research note on Friday. Wall Street Zen raised Intel from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Finally, Sanford C. Bernstein reiterated a "neutral" rating on shares of Intel in a report on Thursday, October 2nd. Two analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and seven have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Reduce" and a consensus price target of $26.63.

Intel Price Performance

NASDAQ:INTC opened at $36.44 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.24. The stock's 50-day simple moving average is $27.17 and its 200 day simple moving average is $23.24. The company has a market cap of $159.49 billion, a P/E ratio of -7.64 and a beta of 1.33. Intel Corporation has a 52-week low of $17.67 and a 52-week high of $39.65.

Intel (NASDAQ:INTC - Get Free Report) last announced 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 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 business's revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.02 EPS. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. As a group, sell-side analysts forecast that Intel Corporation will post -0.11 EPS for the current fiscal year.

Intel Company 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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