Intel Corporation $INTC Shares Sold by Peregrine Asset Advisers Inc.

Key Points

• Peregrine Asset Advisers Inc. reduced its holdings in Intel Corporation by 90.2% in Q2, ending up with 9,755 shares after selling 89,349 shares.
• Many institutional investors are adjusting their positions in Intel, with Corton Capital Inc. acquiring $666,000 in new shares and Seelaus Asset Management LLC increasing its stake by 39.8%.
• Analysts have raised their price targets for Intel, with Evercore ISI adjusting it from $23.00 to $41.10, indicating a positive outlook for the company's stock.

Peregrine Asset Advisers Inc. lessened its holdings in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 90.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,755 shares of the chip maker's stock after selling 89,349 shares during the period. Peregrine Asset Advisers Inc.'s holdings in Intel were worth $219,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Corton Capital Inc. acquired a new stake in shares of Intel during the 2nd quarter worth about $666,000. Seelaus Asset Management LLC increased its position in Intel by 39.8% during the second quarter. Seelaus Asset Management LLC now owns 16,852 shares of the chip maker's stock worth $377,000 after buying an additional 4,800 shares during the period. Machina Capital S.A.S. acquired a new position in Intel during the second quarter worth approximately $374,000. Intellectus Partners LLC increased its position in Intel by 31.3% during the second quarter. Intellectus Partners LLC now owns 19,191 shares of the chip maker's stock worth $430,000 after buying an additional 4,576 shares during the period. Finally, State of Michigan Retirement System increased its position in Intel by 2.5% during the second quarter. State of Michigan Retirement System now owns 1,599,983 shares of the chip maker's stock worth $35,840,000 after buying an additional 39,500 shares during the period. Institutional investors and hedge funds own 64.53% of the company's stock.

Analyst Ratings Changes

INTC has been the topic of several research analyst reports. Evercore ISI lifted their price target on Intel from $23.00 to $41.10 in a research report on Friday, October 24th. Morgan Stanley lifted their price target on Intel from $23.00 to $36.00 and gave the stock an "equal weight" rating in a research report on Monday, October 20th. Wedbush lifted their price target on Intel from $19.00 to $20.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 22nd. Wall Street Zen upgraded Intel from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Finally, HSBC lifted their target price on Intel from $24.00 to $26.00 in a research note on Friday, October 24th. One research analyst has rated the stock with a Buy rating, twenty-three have assigned a Hold rating and eight have issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus target price of $34.18.

Intel Stock Down 0.4%

Intel stock opened at $39.99 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.60 and a quick ratio of 1.25. Intel Corporation has a 1-year low of $17.67 and a 1-year high of $42.48. The company has a market cap of $175.04 billion, a PE ratio of 4,003.00 and a beta of 1.33. The stock's 50 day moving average price is $32.01 and its 200 day moving average price is $25.14.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings results on Thursday, October 23rd. The chip maker reported $0.23 earnings per share for the quarter. Intel had a negative return on equity of 0.75% and a net margin of 0.37%.The firm had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.10 billion. During the same period in the previous year, the business earned ($0.46) earnings per share. The company's revenue for the quarter was up 3.0% compared to the same quarter last year. Intel has set its Q4 2025 guidance at 0.080-0.080 EPS. On average, sell-side analysts predict 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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