Rafferty Asset Management LLC Reduces Stock Position in Intel Corporation $INTC

Key Points

• Rafferty Asset Management LLC decreased its stake in Intel Corporation by 15.1%, now holding approximately 11.66 million shares, making it their 13th largest position.
• Despite the reduction, other institutional investors, like Vanguard Group and UBS AM, have increased their stakes in Intel, indicating mixed sentiments in the investment community.
• Intel recently reported quarterly earnings with a loss of ($0.10) EPS, missing analysts' expectations, while revenues grew to $12.86 billion, surpassing estimates.

Rafferty Asset Management LLC lowered its stake in Intel Corporation (NASDAQ:INTC - Free Report) by 15.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,660,204 shares of the chip maker's stock after selling 2,080,296 shares during the quarter. Intel accounts for 1.1% of Rafferty Asset Management LLC's portfolio, making the stock its 13th largest position. Rafferty Asset Management LLC owned about 0.27% of Intel worth $264,803,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Intel by 2.2% in the first quarter. Vanguard Group Inc. now owns 377,390,437 shares of the chip maker's stock worth $8,570,537,000 after purchasing an additional 8,291,233 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Intel by 8.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,263,339 shares of the chip maker's stock worth $1,268,430,000 after purchasing an additional 4,793,927 shares during the last quarter. Northern Trust Corp boosted its holdings in Intel by 0.3% in the first quarter. Northern Trust Corp now owns 45,969,843 shares of the chip maker's stock worth $1,043,975,000 after purchasing an additional 158,288 shares during the last quarter. Invesco Ltd. boosted its holdings in Intel by 1.3% in the first quarter. Invesco Ltd. now owns 43,651,076 shares of the chip maker's stock worth $991,316,000 after purchasing an additional 562,246 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Intel by 3.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 35,025,596 shares of the chip maker's stock worth $795,431,000 after acquiring an additional 1,086,836 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company's stock.

Intel Stock Performance

Shares of NASDAQ INTC opened at $24.55 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.24. The company has a market cap of $107.46 billion, a P/E ratio of -5.15 and a beta of 1.22. The firm's fifty day moving average is $22.22 and its two-hundred day moving average is $21.77. Intel Corporation has a 52-week low of $17.67 and a 52-week high of $27.55.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly 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). The company had revenue of $12.86 billion during the quarter, compared to the consensus estimate of $11.88 billion. Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The business's revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.02 earnings per share. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. As a group, analysts anticipate that Intel Corporation will post -0.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on INTC. UBS Group lifted their price target on shares of Intel from $21.00 to $25.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Sanford C. Bernstein reiterated a "market perform" rating on shares of Intel in a research note on Tuesday, August 19th. Citigroup reiterated a "hold" rating on shares of Intel in a research note on Tuesday, July 8th. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a research note on Friday, July 25th. Finally, Benchmark restated a "hold" rating on shares of Intel in a research report on Friday, July 25th. One equities research 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's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Reduce" and an average price target of $22.17.

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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