Ariel Investments LLC Sells 30,098 Shares of Intel Corporation $INTC

Key Points

• Ariel Investments LLC has decreased its stake in Intel Corporation by 3.0%, owning 957,678 shares valued at approximately $21.7 million after selling 30,098 shares.
• Research firms have mixed ratings on Intel stock, with one "Buy" rating, twenty-two "Hold" ratings, and five "Sell" ratings; the overall consensus suggests a "Reduce" rating with a price target of $22.17.
• Intel reported a quarterly earnings miss, with an EPS of ($0.10) against expectations of $0.01, despite revenue exceeding estimates at $12.86 billion.

Ariel Investments LLC reduced its stake in Intel Corporation (NASDAQ:INTC - Free Report) by 3.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 957,678 shares of the chip maker's stock after selling 30,098 shares during the quarter. Ariel Investments LLC's holdings in Intel were worth $21,749,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Toronto Dominion Bank boosted its position in shares of Intel by 286.8% in the fourth quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock worth $211,114,000 after purchasing an additional 7,806,882 shares during the period. 180 Wealth Advisors LLC boosted its holdings in Intel by 124.9% in the 1st quarter. 180 Wealth Advisors LLC now owns 127,916 shares of the chip maker's stock worth $2,905,000 after buying an additional 71,049 shares during the period. Gordian Capital Singapore Pte Ltd boosted its holdings in Intel by 120.7% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 64,000 shares of the chip maker's stock worth $1,282,000 after buying an additional 35,000 shares during the period. Fluent Financial LLC bought a new stake in Intel during the first quarter valued at about $530,000. Finally, GF Fund Management CO. LTD. bought a new stake in Intel during the fourth quarter valued at about $16,389,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Benchmark reiterated a "hold" rating on shares of Intel in a research report on Friday, July 25th. Stifel Nicolaus increased their price objective on shares of Intel from $21.00 to $24.50 and gave the company a "hold" rating in a report on Monday, July 21st. JPMorgan Chase & Co. lifted their price objective on shares of Intel from $20.00 to $21.00 and gave the company an "underweight" rating in a research report on Friday, July 25th. UBS Group upped their target price on shares of Intel from $21.00 to $25.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Intel in a report on Friday, July 25th. One research analyst has rated the stock with a Buy rating, twenty-two have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, Intel has a consensus rating of "Reduce" and a consensus price target of $22.17.

Intel Price Performance

INTC stock traded down $0.12 during trading on Friday, hitting $24.49. 55,699,848 shares of the company's stock traded hands, compared to its average volume of 127,681,256. The stock has a market capitalization of $107.19 billion, a price-to-earnings ratio of -5.13 and a beta of 1.23. Intel Corporation has a 52 week low of $17.67 and a 52 week high of $27.55. 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 business has a fifty day simple moving average of $22.71 and a 200 day simple moving average of $21.87.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The chip maker reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.11). Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. 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 previous year, the business earned $0.02 earnings per share. Intel's revenue for the quarter was up .5% on a year-over-year basis. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. As a group, research analysts expect 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.