InvesTrust Decreases Stock Position in Intel Corporation $INTC

Key Points

• InvesTrust significantly reduced its stake in Intel Corporation by 66.0% in Q2 2023, leaving the fund with 67,010 shares valued at approximately $1.5 million after selling 129,890 shares.
• Intel's latest quarterly earnings showed a loss of $0.10 per share, missing analysts' expectations, but revenue increased 0.5% year-over-year to $12.86 billion.
• The stock is currently trading at $24.08 and has a market cap of $105.40 billion, with institutional investors holding 64.53% of the shares.

InvesTrust cut its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 66.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 67,010 shares of the chip maker's stock after selling 129,890 shares during the quarter. InvesTrust's holdings in Intel were worth $1,501,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in INTC. Nuveen LLC purchased a new stake in Intel in the first quarter valued at about $538,430,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Intel by 99.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 29,829,385 shares of the chip maker's stock valued at $677,426,000 after purchasing an additional 14,901,457 shares during the period. Two Sigma Advisers LP acquired a new position in shares of Intel in the fourth quarter valued at about $289,752,000. Two Sigma Investments LP acquired a new position in shares of Intel in the fourth quarter valued at about $237,457,000. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Intel by 133.3% in the first quarter. Goldman Sachs Group Inc. now owns 18,758,658 shares of the chip maker's stock valued at $426,009,000 after purchasing an additional 10,719,274 shares during the period. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Stock Down 2.2%

Intel stock opened at $24.08 on Friday. The firm has a market cap of $105.40 billion, a price-to-earnings ratio of -5.05 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 business's 50-day moving average price is $22.92 and its 200 day moving average price is $21.86. 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 (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The chip maker reported ($0.10) 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 business had revenue of $12.86 billion during the quarter, compared to analyst estimates of $11.88 billion. During the same period in the previous year, the business posted $0.02 earnings per share. The firm'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, sell-side analysts anticipate that Intel Corporation will post -0.11 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on INTC. Benchmark reissued a "hold" rating on shares of Intel in a report on Friday, July 25th. Needham & Company LLC reissued a "hold" rating on shares of Intel in a report on Friday, July 25th. Deutsche Bank Aktiengesellschaft began coverage on Intel in a report on Wednesday, May 21st. They issued a "hold" rating and a $23.00 price objective on the stock. Wall Street Zen raised Intel from a "sell" rating to a "hold" rating in a report on Saturday. Finally, Rosenblatt Securities reaffirmed a "sell" rating and set a $14.00 target price 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 issued a Sell rating to the company. According to MarketBeat, the company has an average rating of "Reduce" and a consensus target price of $22.17.

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.

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