Intel Corporation $INTC Shares Sold by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments Holdings LLC reduced its stake in Intel by 22.1%, now holding 194,413 shares worth $4,442,000 as of the end of the latest quarter.
• A variety of institutional investors adjusted their positions in Intel, with CWM LLC increasing its holdings by 39.8%, now owning 487,751 shares valued at $10,926,000.
• Despite recent upgrades in ratings by some analysts, Intel had a negative EPS of ($0.10) in the last quarter, falling short of consensus estimates.

Allspring Global Investments Holdings LLC lowered its stake in Intel Corporation (NASDAQ:INTC - Free Report) by 22.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 194,413 shares of the chip maker's stock after selling 55,198 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Intel were worth $4,442,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Prostatis Group LLC lifted its holdings in Intel by 2.1% in the 2nd quarter. Prostatis Group LLC now owns 44,766 shares of the chip maker's stock valued at $1,003,000 after acquiring an additional 902 shares during the last quarter. CWM LLC lifted its holdings in Intel by 39.8% in the 2nd quarter. CWM LLC now owns 487,751 shares of the chip maker's stock valued at $10,926,000 after acquiring an additional 138,786 shares during the last quarter. OFI Invest Asset Management lifted its holdings in Intel by 70.3% in the 2nd quarter. OFI Invest Asset Management now owns 16,682 shares of the chip maker's stock valued at $374,000 after acquiring an additional 6,885 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in Intel by 6.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 361,839 shares of the chip maker's stock valued at $8,106,000 after acquiring an additional 20,547 shares during the last quarter. Finally, Udine Wealth Management Inc. lifted its holdings in Intel by 3.7% in the 2nd quarter. Udine Wealth Management Inc. now owns 104,274 shares of the chip maker's stock valued at $2,336,000 after acquiring an additional 3,713 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Benchmark raised shares of Intel from a "hold" rating to a "buy" rating and set a $43.00 price target for the company in a report on Friday, September 19th. Loop Capital initiated coverage on shares of Intel in a report on Monday, July 21st. They issued a "hold" rating and a $25.00 price target for the company. Wall Street Zen raised shares of Intel from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Hsbc Global Res lowered shares of Intel from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, October 7th. Finally, New Street Research upped their price objective on shares of Intel from $23.00 to $32.00 in a research note on Friday, September 19th. Two analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and seven have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Reduce" and an average price target of $29.22.

Intel Price Performance

Shares of INTC opened at $38.10 on Tuesday. The company has a market capitalization of $166.76 billion, a price-to-earnings ratio of -7.99 and a beta of 1.33. Intel Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $39.65. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.92. The business's 50-day moving average is $29.19 and its 200-day moving average is $23.87.

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

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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