Earnest Partners LLC Reduces Holdings in Intel Corporation $INTC

Key Points

• Earnest Partners LLC reduced its stake in Intel Corporation by 67.1% in Q1, now owning 13,997 shares valued at $318,000.
• Intel reported a loss of $0.10 EPS, missing analysts' expectations, but had revenue of $12.86 billion, exceeding estimates of $11.88 billion.
• Institutional investors and hedge funds own 64.53% of Intel's stock, with various firms acquiring new positions recently in the company.

Earnest Partners LLC lessened its stake in Intel Corporation (NASDAQ:INTC - Free Report) by 67.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,997 shares of the chip maker's stock after selling 28,561 shares during the quarter. Earnest Partners LLC's holdings in Intel were worth $318,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Freestone Grove Partners LP purchased a new position in shares of Intel in the 4th quarter valued at about $62,654,000. Toronto Dominion Bank increased its holdings in shares of Intel by 286.8% in the 4th quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock valued at $211,114,000 after purchasing an additional 7,806,882 shares in the last quarter. 180 Wealth Advisors LLC increased its holdings in shares of Intel by 124.9% in the 1st quarter. 180 Wealth Advisors LLC now owns 127,916 shares of the chip maker's stock valued at $2,905,000 after purchasing an additional 71,049 shares in the last quarter. Alteri Wealth LLC purchased a new position in shares of Intel in the 4th quarter valued at about $2,379,000. Finally, Gordian Capital Singapore Pte Ltd increased its holdings in shares of Intel by 120.7% in the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 64,000 shares of the chip maker's stock valued at $1,282,000 after purchasing an additional 35,000 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on INTC shares. Wall Street Zen cut shares of Intel from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Sanford C. Bernstein reissued a "market perform" rating on shares of Intel in a research note on Tuesday, August 19th. Needham & Company LLC reissued a "hold" rating on shares of Intel in a research note on Friday, July 25th. JPMorgan Chase & Co. increased their price objective on shares of Intel from $20.00 to $21.00 and gave the company an "underweight" rating in a research note on Friday, July 25th. Finally, Mizuho increased their price objective on shares of Intel from $22.00 to $23.00 and gave the company a "neutral" rating in a research note on Thursday, July 3rd. One 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's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus target price of $22.17.

Intel Trading Down 2.3%

Shares of INTC traded down $0.58 during mid-day trading on Monday, hitting $24.35. The company had a trading volume of 63,398,527 shares, compared to its average volume of 137,706,432. The business's 50-day simple moving average is $22.50 and its 200-day simple moving average is $21.85. 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 1-year low of $17.67 and a 1-year high of $27.55. The stock has a market cap of $106.58 billion, a PE ratio of -5.10 and a beta of 1.23.

Intel (NASDAQ:INTC - Get Free Report) last released its earnings results 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 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 analyst estimates of $11.88 billion. During the same period in the prior year, the business posted $0.02 earnings per share. Intel's revenue was up .5% on a year-over-year basis. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. Sell-side analysts forecast that Intel Corporation will post -0.11 earnings per share for the current year.

About Intel

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.