Intel Corporation $INTC Shares Sold by First Manhattan CO. LLC.

Key Points

• First Manhattan CO. LLC. reduced its stake in Intel Corporation by 30.1%, selling 435,335 shares and now owning 1,012,228 shares worth approximately $22.98 million.
• Recent analyst ratings on Intel have shown a trend of downgrades, with Wall Street Zen lowering its rating from "hold" to "sell" and a consensus target price of $22.17.
• Intel's latest quarterly earnings showed a loss of ($0.10) EPS, missing expectations, although revenue increased to $12.86 billion.

First Manhattan CO. LLC. cut its position in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 30.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,012,228 shares of the chip maker's stock after selling 435,335 shares during the quarter. First Manhattan CO. LLC.'s holdings in Intel were worth $22,988,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. N.E.W. Advisory Services LLC purchased a new stake in shares of Intel in the first quarter valued at $25,000. Vermillion Wealth Management Inc. purchased a new stake in shares of Intel in the fourth quarter valued at $27,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Intel in the first quarter valued at $27,000. LFA Lugano Financial Advisors SA purchased a new stake in shares of Intel in the first quarter valued at $30,000. Finally, Olde Wealth Management LLC purchased a new stake in shares of Intel in the first quarter valued at $31,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Stock Down 0.9%

Shares of INTC traded down $0.21 during midday trading on Wednesday, reaching $24.00. 47,535,950 shares of the company were exchanged, compared to its average volume of 134,243,968. The stock has a 50-day moving average price of $22.63 and a 200-day moving average price of $21.88. The company has a market cap of $105.05 billion, a price-to-earnings ratio of -5.03 and a beta of 1.23. Intel Corporation has a 1-year low of $17.67 and a 1-year high of $27.55. The company has a current ratio of 1.24, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $12.86 billion for the quarter, compared to analyst estimates of $11.88 billion. Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%.The company's revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.02 EPS. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. Research analysts expect that Intel Corporation will post -0.11 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on INTC. Wall Street Zen downgraded Intel from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. JPMorgan Chase & Co. lifted their price objective on Intel from $20.00 to $21.00 and gave the company an "underweight" rating in a research report on Friday, July 25th. Deutsche Bank Aktiengesellschaft began coverage on Intel in a research report on Wednesday, May 21st. They issued a "hold" rating and a $23.00 price objective for the company. Citigroup reissued a "hold" rating on shares of Intel in a research report on Tuesday, July 8th. Finally, Benchmark reissued a "hold" rating on shares of Intel in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Buy rating, twenty-two have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat, Intel has an average rating of "Reduce" and an average target price of $22.17.

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.