Parnassus Investments LLC Sells 395,355 Shares of Intel Corporation $INTC

Key Points

• Parnassus Investments LLC reduced its holdings in Intel Corporation by 17.9%, selling 395,355 shares during the 1st quarter and holding a total of 1,812,124 shares worth $41,153,000.
• Many hedge funds are actively changing their stakes in Intel, with AQR Capital Management increasing its investment by a staggering 381.1% in the 4th quarter, now holding nearly 4.5 million shares valued at $90 million.
• Analysts have mixed views on Intel's stock, with a consensus rating of "Reduce" and a price target averaging $22.17; the latest EPS report showed a miss against consensus estimates, further impacting market sentiment.

Parnassus Investments LLC decreased its holdings in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 17.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,812,124 shares of the chip maker's stock after selling 395,355 shares during the quarter. Parnassus Investments LLC's holdings in Intel were worth $41,153,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in INTC. The Manufacturers Life Insurance Company boosted its stake in Intel by 0.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 2,786,564 shares of the chip maker's stock valued at $55,871,000 after purchasing an additional 10,258 shares during the period. AQR Capital Management LLC raised its holdings in Intel by 381.1% in the 4th quarter. AQR Capital Management LLC now owns 4,495,876 shares of the chip maker's stock valued at $90,142,000 after acquiring an additional 3,561,351 shares in the last quarter. Rehmann Capital Advisory Group raised its holdings in Intel by 33.0% in the 4th quarter. Rehmann Capital Advisory Group now owns 20,942 shares of the chip maker's stock valued at $420,000 after acquiring an additional 5,196 shares in the last quarter. Freestone Grove Partners LP acquired a new position in Intel in the 4th quarter valued at approximately $62,654,000. Finally, Westbourne Investments Inc. acquired a new position in Intel in the 4th quarter valued at approximately $341,000. Institutional investors own 64.53% of the company's stock.

Analysts Set New Price Targets

INTC has been the subject of several recent research reports. Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a report on Friday, July 25th. Stifel Nicolaus upped their price target on Intel from $21.00 to $24.50 and gave the company a "hold" rating in a report on Monday, July 21st. Rosenblatt Securities reaffirmed a "sell" rating and issued a $14.00 price target on shares of Intel in a report on Friday, July 25th. Mizuho upped their price target on Intel from $22.00 to $23.00 and gave the company a "neutral" rating in a report on Thursday, July 3rd. Finally, UBS Group upped 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. One investment 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 data from MarketBeat.com, Intel presently has a consensus rating of "Reduce" and a consensus target price of $22.17.

Intel Trading Up 0.3%

Shares of INTC opened at $24.93 on Friday. Intel Corporation has a 1 year low of $17.67 and a 1 year high of $27.55. The company has a current ratio of 1.24, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42. The stock has a 50 day simple moving average of $22.43 and a 200-day simple moving average of $21.84. The stock has a market cap of $109.12 billion, a PE ratio of -5.23 and a beta of 1.22.

Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share (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 analyst estimates of $11.88 billion. During the same period in the previous year, the company posted $0.02 earnings per share. The company's quarterly revenue was up .5% on a year-over-year basis. Intel has set its Q3 2025 guidance at 0.000-0.000 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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