Gateway Investment Advisers LLC Sells 248,004 Shares of Intel Corporation $INTC

Key Points

• Gateway Investment Advisers LLC reduced its holdings in Intel Corporation by 33.9%, selling 248,004 shares during the second quarter, leaving them with 482,894 shares valued at approximately $10.8 million at quarter's end.
• Intel reported a loss of $0.10 earnings per share, falling short of analysts' estimates, despite revenue increasing by 0.5% year-over-year to $12.86 billion.
• Wall Street analysts mainly assigned a "hold" rating to Intel, with a consensus price target of $22.17, reflecting mixed sentiments about the company's future performance.

Gateway Investment Advisers LLC lessened its position in Intel Corporation (NASDAQ:INTC - Free Report) by 33.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 482,894 shares of the chip maker's stock after selling 248,004 shares during the quarter. Gateway Investment Advisers LLC's holdings in Intel were worth $10,817,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. N.E.W. Advisory Services LLC bought a new stake in Intel during the 1st quarter valued at approximately $25,000. HFM Investment Advisors LLC bought a new stake in shares of Intel in the first quarter valued at approximately $25,000. Vermillion Wealth Management Inc. bought a new stake in shares of Intel in the fourth quarter valued at approximately $27,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Intel in the first quarter valued at approximately $27,000. Finally, LFA Lugano Financial Advisors SA bought a new stake in shares of Intel in the first quarter valued at approximately $30,000. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Stock Performance

Intel stock opened at $25.27 on Wednesday. The stock has a 50-day simple moving average of $23.00 and a 200 day simple moving average of $21.87. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. Intel Corporation has a 12-month low of $17.67 and a 12-month high of $27.55. The stock has a market capitalization of $110.61 billion, a price-to-earnings ratio of -5.30 and a beta of 1.23.

Intel (NASDAQ:INTC - Get Free Report) last announced its earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.11). Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%.The company had revenue of $12.86 billion during the quarter, compared to the consensus estimate of $11.88 billion. During the same period in the prior year, the firm posted $0.02 earnings per share. The company's revenue was up .5% on a year-over-year basis. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. On average, research analysts anticipate that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

INTC has been the subject of a number of research reports. Wall Street Zen raised shares of Intel from a "sell" rating to a "hold" rating in a report on Saturday. Stifel Nicolaus increased their target price on shares of Intel from $21.00 to $24.50 and gave the company a "hold" rating in a research note on Monday, July 21st. Benchmark reiterated a "hold" rating on shares of Intel in a research note on Friday, July 25th. Loop Capital began coverage on Intel in a research report on Monday, July 21st. They issued a "hold" rating and a $25.00 price objective for the company. Finally, UBS Group raised their price objective on Intel from $21.00 to $25.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. One investment analyst has rated the stock with a Buy rating, twenty-one have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Intel has a consensus rating of "Reduce" and a consensus price target 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.

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