The Manufacturers Life Insurance Company Sells 118,050 Shares of Intel Corporation $INTC

Key Points

• The Manufacturers Life Insurance Company reduced its stake in Intel Corporation by 4.2%, holding approximately $60.60 million worth of shares after selling 118,050 shares in the first quarter.
• Intel reported a loss of ($0.10) EPS for the last quarter, missing estimates, while also seeing a revenue increase of 0.5% year-over-year to $12.86 billion.
• Institutional investors collectively own 64.53% of Intel's stock, reflecting significant market interest in the company despite its recent financial performance challenges.

The Manufacturers Life Insurance Company cut its stake in Intel Corporation (NASDAQ:INTC - Free Report) by 4.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,668,514 shares of the chip maker's stock after selling 118,050 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.06% of Intel worth $60,602,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in INTC. Cornerstone Advisory LLC grew its stake in shares of Intel by 4.3% in the fourth quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker's stock worth $198,000 after purchasing an additional 409 shares during the last quarter. Verdence Capital Advisors LLC grew its stake in shares of Intel by 1.1% in the first quarter. Verdence Capital Advisors LLC now owns 45,682 shares of the chip maker's stock worth $1,037,000 after purchasing an additional 486 shares during the last quarter. Cary Street Partners Investment Advisory LLC grew its stake in shares of Intel by 23.1% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 2,614 shares of the chip maker's stock worth $59,000 after purchasing an additional 491 shares during the last quarter. one8zero8 LLC grew its stake in shares of Intel by 4.2% in the first quarter. one8zero8 LLC now owns 12,320 shares of the chip maker's stock worth $280,000 after purchasing an additional 500 shares during the last quarter. Finally, Lakeridge Wealth Management LLC grew its stake in shares of Intel by 4.4% in the first quarter. Lakeridge Wealth Management LLC now owns 12,521 shares of the chip maker's stock worth $284,000 after purchasing an additional 525 shares during the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on INTC. Stifel Nicolaus raised their target price on Intel from $21.00 to $24.50 and gave the stock a "hold" rating in a research note on Monday, July 21st. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a report on Friday, July 25th. Rosenblatt Securities reiterated a "sell" rating and set a $14.00 target price on shares of Intel in a report on Friday, July 25th. Sanford C. Bernstein reiterated a "market perform" rating on shares of Intel in a report on Tuesday, August 19th. Finally, JPMorgan Chase & Co. upped their target price on Intel from $20.00 to $21.00 and gave the stock an "underweight" rating in a report on Friday, July 25th. One equities research analyst has rated the stock with a Buy rating, twenty-two have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus target price of $22.17.

Intel Stock Down 2.3%

Shares of INTC traded down $0.58 during mid-day trading on Friday, reaching $24.35. The company had a trading volume of 63,398,527 shares, compared to its average volume of 137,706,432. 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 firm has a 50-day moving average price of $22.50 and a 200 day moving average price of $21.85. Intel Corporation has a 52 week low of $17.67 and a 52 week high of $27.55. The company has a market capitalization of $106.58 billion, a price-to-earnings ratio of -5.10 and a beta of 1.23.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The chip maker reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.11). The business 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% compared to the same quarter last year. 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. On average, sell-side analysts forecast that Intel Corporation will post -0.11 EPS for the current year.

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.