Johnson Investment Counsel Inc. Sells 12,493 Shares of Intel Corporation $INTC

Key Points

• Johnson Investment Counsel Inc. reduced its stake in Intel Corporation by 9.7%, selling 12,493 shares and now holding 116,121 shares valued at approximately $2.6 million.
• Recent earnings reports indicate that Intel missed earnings expectations with a loss of ($0.10) EPS, despite revenue increasing by 0.5% year-over-year to $12.86 billion.
• Institutional investors currently own 64.53% of Intel's stock, with several firms significantly increasing their positions in the company during the recent quarters.

Johnson Investment Counsel Inc. decreased its holdings in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 9.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 116,121 shares of the chip maker's stock after selling 12,493 shares during the period. Johnson Investment Counsel Inc.'s holdings in Intel were worth $2,601,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in INTC. Nuveen LLC bought a new position in shares of Intel during the first quarter valued at approximately $538,430,000. Kingstone Capital Partners Texas LLC bought a new position in shares of Intel during the second quarter valued at approximately $345,245,000. Price T Rowe Associates Inc. MD increased its stake in shares of Intel by 99.8% during 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 in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Intel by 133.3% during 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 in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of Intel by 86.4% during the second quarter. Assenagon Asset Management S.A. now owns 22,705,050 shares of the chip maker's stock valued at $508,593,000 after purchasing an additional 10,523,590 shares in the last quarter. Institutional investors own 64.53% of the company's stock.

Intel Trading Up 2.3%

NASDAQ:INTC opened at $37.22 on Tuesday. The company has a current ratio of 1.24, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42. Intel Corporation has a 12 month low of $17.67 and a 12 month high of $39.65. The company has a market cap of $162.91 billion, a PE ratio of -7.80 and a beta of 1.33. The company has a 50 day simple moving average of $27.52 and a two-hundred day simple moving average of $23.34.

Intel (NASDAQ:INTC - Get Free Report) last posted its earnings results on Thursday, July 24th. The chip maker reported ($0.10) EPS for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $11.88 billion. During the same period last year, the firm posted $0.02 EPS. The company'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. Research analysts forecast that Intel Corporation will post -0.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on INTC. JPMorgan Chase & Co. reissued a "sell" rating and set a $21.00 price target on shares of Intel in a research report on Friday, September 19th. Hsbc Global Res downgraded shares of Intel from a "hold" rating to a "moderate sell" rating in a research report on Tuesday, October 7th. DZ Bank reissued a "sell" rating on shares of Intel in a research report on Friday, September 19th. UBS Group raised their price target on shares of Intel from $35.00 to $40.00 and gave the company a "neutral" rating in a research report on Monday, October 6th. Finally, Northland Securities raised their price target on shares of Intel from $28.00 to $42.00 in a research report on Friday, September 19th. Two research analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and eight have given a Sell rating to the company's stock. According to MarketBeat, Intel presently has a consensus rating of "Reduce" and an average target price of $27.60.

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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