Orbis Allan Gray Ltd Sells 177,003 Shares of Intel Corporation $INTC

Key Points

• Orbis Allan Gray Ltd sold 177,003 shares of Intel Corporation, reducing its holdings by 21.7% to a total of 636,922 shares, valued at approximately $14.46 million.
• Several hedge funds have increased their stakes in Intel, with Price T Rowe Associates boosting their investment by 99.8%, now owning nearly 30 million shares valued at $677.4 million.
• Intel reported a negative earnings per share of ($0.10) for the last quarter, missing estimates, but showed a slight 0.5% revenue increase year-over-year, reaching $12.86 billion.

Orbis Allan Gray Ltd cut its stake in Intel Corporation (NASDAQ:INTC - Free Report) by 21.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 636,922 shares of the chip maker's stock after selling 177,003 shares during the period. Orbis Allan Gray Ltd's holdings in Intel were worth $14,464,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of INTC. Toronto Dominion Bank raised its holdings in shares of Intel by 286.8% in the fourth 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 during the last quarter. 180 Wealth Advisors LLC grew its stake in Intel by 124.9% in the first 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 acquired a new position in shares of Intel during the 4th quarter worth approximately $2,379,000. Gordian Capital Singapore Pte Ltd raised its stake in shares of Intel by 120.7% during the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 64,000 shares of the chip maker's stock worth $1,282,000 after purchasing an additional 35,000 shares in the last quarter. Finally, Fluent Financial LLC acquired a new position in shares of Intel during the 1st quarter worth about $530,000. 64.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on INTC. UBS Group raised their price target on Intel from $21.00 to $25.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Stifel Nicolaus raised their price objective on shares of Intel from $21.00 to $24.50 and gave the stock a "hold" rating in a research report on Monday, July 21st. Benchmark reiterated a "hold" rating on shares of Intel in a research note on Friday, July 25th. Needham & Company LLC restated a "hold" rating on shares of Intel in a research note on Friday, July 25th. Finally, Rosenblatt Securities reiterated a "sell" rating and set a $14.00 price objective on shares of Intel in a research report on Friday, July 25th. One analyst has rated the stock with a Buy rating, twenty-two have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus target price of $22.17.

Intel Price Performance

INTC stock traded down $0.15 during trading on Tuesday, reaching $24.21. 46,057,504 shares of the company were exchanged, compared to its average volume of 98,723,539. The company has a market capitalization of $105.95 billion, a price-to-earnings ratio of -5.07 and a beta of 1.23. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.92. The company has a 50-day moving average of $22.56 and a two-hundred day moving average of $21.85. Intel Corporation has a twelve month low of $17.67 and a twelve month high of $27.55.

Intel (NASDAQ:INTC - Get Free Report) last posted 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). 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 for the quarter, compared to the consensus estimate of $11.88 billion. During the same period in the previous year, the firm posted $0.02 EPS. The business's quarterly revenue was up .5% compared to the same quarter last year. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. As a group, equities analysts predict that Intel Corporation will post -0.11 earnings per share 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.