Meyer Handelman Co. Decreases Stock Holdings in Intel Corporation $INTC

Key Points

• Meyer Handelman Co. decreased its stock holdings in Intel Corporation by 15.8%, owning 76,917 shares valued at approximately $1.72 million after selling 14,434 shares in the second quarter.
• Despite the decline in holdings by Meyer Handelman Co., other institutional investors such as HFM Investment Advisors LLC and N.E.W. Advisory Services LLC acquired positions in Intel during the first quarter, indicating mixed investor sentiment.
• Intel's stock price rose by 8.9% and the company reported a quarterly revenue of $12.86 billion, despite posting a loss of $0.10 earnings per share, missing analysts' expectations.

Meyer Handelman Co. reduced its holdings in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 15.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,917 shares of the chip maker's stock after selling 14,434 shares during the quarter. Meyer Handelman Co.'s holdings in Intel were worth $1,723,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. HFM Investment Advisors LLC acquired a new position in shares of Intel during the first quarter worth $25,000. N.E.W. Advisory Services LLC acquired a new position in shares of Intel during the first quarter worth $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Intel during the first quarter worth $27,000. LFA Lugano Financial Advisors SA acquired a new position in shares of Intel during the first quarter worth $30,000. Finally, PrairieView Partners LLC lifted its position in shares of Intel by 77.0% during the first quarter. PrairieView Partners LLC now owns 1,398 shares of the chip maker's stock worth $31,000 after purchasing an additional 608 shares in the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on INTC shares. Benchmark raised shares of Intel from a "hold" rating to a "buy" rating and set a $43.00 target price on the stock in a research report on Friday, September 19th. Sanford C. Bernstein reissued a "market perform" rating on shares of Intel in a research report on Tuesday, August 19th. Northland Securities upped their price target on shares of Intel from $28.00 to $42.00 in a report on Friday, September 19th. Wall Street Zen raised shares of Intel from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Finally, UBS Group upped their price target on shares of Intel from $25.00 to $35.00 and gave the company a "neutral" rating in a report on Friday, September 19th. Two investment analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Reduce" and a consensus target price of $25.90.

Intel Stock Up 8.9%

Shares of NASDAQ:INTC opened at $33.99 on Friday. The stock has a market capitalization of $148.77 billion, a price-to-earnings ratio of -7.13 and a beta of 1.23. Intel Corporation has a 1-year low of $17.67 and a 1-year high of $34.25. The company's fifty day moving average is $23.92 and its two-hundred day moving average is $22.29. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.24.

Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results 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 business had revenue of $12.86 billion for the quarter, compared to analyst estimates 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 for the quarter was up .5% on a year-over-year basis. During the same period last year, the company posted $0.02 earnings per share. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. Equities analysts anticipate that Intel Corporation will post -0.11 EPS for the current year.

Intel Company 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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