Forum Financial Management LP Decreases Stake in Intel Corporation $INTC

Key Points

• Forum Financial Management LP reduced its stake in Intel Corporation by 10.3%, owning 57,044 shares after selling 6,569 shares in the second quarter.
• Intel reported better-than-expected results for the last quarter, with $0.23 EPS and revenues of $13.65 billion, exceeding analysts' expectations of $13.10 billion.
• Wall Street analysts have upgraded Intel's rating from "sell" to "hold," indicating a shift in sentiment toward the stock, which currently has a consensus target price of $29.26.

Forum Financial Management LP lowered its position in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 10.3% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 57,044 shares of the chip maker's stock after selling 6,569 shares during the quarter. Forum Financial Management LP's holdings in Intel were worth $1,278,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Verdence Capital Advisors LLC grew its holdings in shares of Intel by 1.1% during the 1st quarter. Verdence Capital Advisors LLC now owns 45,682 shares of the chip maker's stock worth $1,037,000 after purchasing an additional 486 shares during the period. Independent Wealth Network Inc. grew its holdings in shares of Intel by 5.2% during the 2nd quarter. Independent Wealth Network Inc. now owns 9,927 shares of the chip maker's stock worth $222,000 after purchasing an additional 490 shares during the period. Cary Street Partners Investment Advisory LLC grew its holdings in shares of Intel by 23.1% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 2,614 shares of the chip maker's stock worth $59,000 after purchasing an additional 491 shares during the period. one8zero8 LLC boosted its holdings in Intel by 4.2% in the 1st quarter. one8zero8 LLC now owns 12,320 shares of the chip maker's stock worth $280,000 after acquiring an additional 500 shares during the period. Finally, Indiana Trust & Investment Management Co boosted its holdings in Intel by 8.4% in the 1st quarter. Indiana Trust & Investment Management Co now owns 6,457 shares of the chip maker's stock worth $147,000 after acquiring an additional 500 shares during the period. Hedge funds and other institutional investors own 64.53% of the company's stock.

Intel Stock Performance

Intel stock opened at $38.16 on Friday. The stock has a market cap of $167.03 billion, a P/E ratio of -8.00 and a beta of 1.33. The company has a current ratio of 1.24, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42. The stock has a 50 day moving average of $30.10 and a 200-day moving average of $24.19. 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 released its earnings results on Thursday, October 23rd. The chip maker reported $0.23 EPS for the quarter. The company had revenue of $13.65 billion during the quarter, compared to analysts' expectations of $13.10 billion. Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%.The business's revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.46) EPS. Intel has set its Q4 2025 guidance at 0.080-0.080 EPS. On average, analysts expect that Intel Corporation will post -0.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Wall Street Zen upgraded Intel from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Stifel Nicolaus upped their price target on Intel from $21.00 to $24.50 and gave the stock a "hold" rating in a report on Monday, July 21st. Loop Capital assumed coverage on Intel in a report on Monday, July 21st. They issued a "hold" rating and a $25.00 price target for the company. UBS Group upped their price target on Intel from $35.00 to $40.00 and gave the stock a "neutral" rating in a report on Monday, October 6th. Finally, Seaport Res Ptn upgraded Intel from a "strong sell" rating to a "hold" rating in a report on Wednesday, September 24th. Two investment analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and seven have given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus target price of $29.26.

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.

Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Corporation (NASDAQ:INTC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.