Patten & Patten Inc. TN Trims Stock Position in Intel Corporation $INTC

Key Points

• Patten & Patten Inc. TN has reduced its holdings in Intel Corporation by 22.7%, selling 12,649 shares and owning 43,111 shares valued at approximately $966,000.
• Despite the decrease in holdings by Patten & Patten, several other hedge funds have increased their stakes in Intel, with Rosenberg Matthew Hamilton notably growing its position by 101.0% during the second quarter.
• Intel's recent earnings report revealed a loss of ($0.10) EPS, missing analyst expectations, although the company reported revenue of $12.86 billion, exceeding the consensus estimate.

Patten & Patten Inc. TN lowered its position in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 22.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,111 shares of the chip maker's stock after selling 12,649 shares during the period. Patten & Patten Inc. TN's holdings in Intel were worth $966,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Rosenberg Matthew Hamilton grew its stake in Intel by 101.0% during the second quarter. Rosenberg Matthew Hamilton now owns 1,584 shares of the chip maker's stock valued at $35,000 after acquiring an additional 796 shares in the last quarter. Ritholtz Wealth Management lifted its position in Intel by 2.1% during the second quarter. Ritholtz Wealth Management now owns 26,500 shares of the chip maker's stock valued at $594,000 after purchasing an additional 554 shares during the last quarter. JGP Wealth Management LLC lifted its position in Intel by 6.8% during the second quarter. JGP Wealth Management LLC now owns 22,052 shares of the chip maker's stock valued at $494,000 after purchasing an additional 1,405 shares during the last quarter. Sagespring Wealth Partners LLC lifted its position in Intel by 11.0% during the second quarter. Sagespring Wealth Partners LLC now owns 27,869 shares of the chip maker's stock valued at $624,000 after purchasing an additional 2,753 shares during the last quarter. Finally, RFG Advisory LLC lifted its position in Intel by 3.4% during the second quarter. RFG Advisory LLC now owns 78,585 shares of the chip maker's stock valued at $1,760,000 after purchasing an additional 2,597 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company's stock.

Intel Trading Down 0.8%

NASDAQ:INTC opened at $36.84 on Friday. The company has a fifty day moving average of $28.50 and a 200 day moving average of $23.62. Intel Corporation has a 52 week low of $17.67 and a 52 week high of $39.65. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $161.25 billion, a P/E ratio of -7.72 and a beta of 1.33.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly 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 net margin of 38.64% and a negative return on equity of 3.78%. The firm had revenue of $12.86 billion for the quarter, compared to the consensus estimate of $11.88 billion. During the same quarter in the prior year, the company earned $0.02 earnings per share. The company'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. On average, research analysts predict that Intel Corporation will post -0.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

INTC has been the subject of several research analyst reports. Rosenblatt Securities reiterated a "sell" rating and set a $14.00 target price on shares of Intel in a research report on Friday, July 25th. Bank of America reiterated an "underperform" rating and set a $34.00 target price on shares of Intel in a research report on Monday. Weiss Ratings reiterated a "sell (d)" rating on shares of Intel in a research report on Wednesday, October 8th. Barclays lifted their target price on shares of Intel from $19.00 to $25.00 and gave the company an "equal weight" rating in a research report on Friday, September 19th. Finally, Susquehanna lifted their target price on shares of Intel from $22.00 to $31.00 and gave the company a "neutral" rating in a research report on Wednesday. Two investment analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and seven have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus target price of $28.54.

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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