Intel Corporation $INTC Shares Sold by DnB Asset Management AS

Key Points

• DnB Asset Management AS reduced its stake in Intel Corporation by 11.4%, selling 371,737 shares and now holds about 2.9 million shares valued at approximately $65.8 million.
• Intel reported a loss of ($0.10) earnings per share for the last quarter, missing analysts' estimates, although revenue increased by 0.5% year-over-year to $12.86 billion.
• Analysts have mixed sentiments, with the stock receiving a consensus rating of "Reduce" and a target price range between $14.00 to $24.50 from various firms.

DnB Asset Management AS trimmed its position in Intel Corporation (NASDAQ:INTC - Free Report) by 11.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,898,668 shares of the chip maker's stock after selling 371,737 shares during the quarter. DnB Asset Management AS owned about 0.07% of Intel worth $65,829,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. N.E.W. Advisory Services LLC purchased a new position in Intel in the first quarter worth approximately $25,000. Vermillion Wealth Management Inc. acquired a new position in shares of Intel in the 4th quarter valued at $27,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Intel during the 1st quarter worth $27,000. LFA Lugano Financial Advisors SA purchased a new position in shares of Intel during the 1st quarter worth $30,000. Finally, Olde Wealth Management LLC acquired a new stake in shares of Intel during the 1st quarter worth about $31,000. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Stock Performance

Shares of INTC stock opened at $24.00 on Thursday. The firm has a 50 day moving average of $22.63 and a two-hundred day moving average of $21.88. The stock has a market capitalization of $105.05 billion, a PE ratio of -5.03 and a beta of 1.23. 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 52 week low of $17.67 and a 52 week high of $27.55.

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 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 analysts' expectations of $11.88 billion. Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%.The firm's revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.02 EPS. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. On average, research analysts predict that Intel Corporation will post -0.11 EPS for the current fiscal year.

Analysts Set New Price Targets

INTC has been the topic of a number of recent analyst reports. Rosenblatt Securities reaffirmed a "sell" rating and issued a $14.00 target price on shares of Intel in a research report on Friday, July 25th. Wall Street Zen cut shares of Intel from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Stifel Nicolaus boosted their target price on Intel from $21.00 to $24.50 and gave the company a "hold" rating in a research report on Monday, July 21st. Deutsche Bank Aktiengesellschaft began coverage on Intel in a research note on Wednesday, May 21st. They set a "hold" rating and a $23.00 price target on the stock. Finally, Citigroup reaffirmed a "hold" rating on shares of Intel in a research note on Tuesday, July 8th. One 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus 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.

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