Voya Investment Management LLC Sells 272,580 Shares of Intel Corporation $INTC

Voya Investment Management LLC cut its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 16.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,385,798 shares of the chip maker's stock after selling 272,580 shares during the period. Voya Investment Management LLC's holdings in Intel were worth $31,471,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Cornerstone Advisory LLC boosted its holdings in 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 in the last quarter. Verdence Capital Advisors LLC boosted its holdings in 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 in the last quarter. Cary Street Partners Investment Advisory LLC boosted its holdings in 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 in the last quarter. one8zero8 LLC boosted its holdings in 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 in the last quarter. Finally, Indiana Trust & Investment Management Co boosted its holdings in Intel by 8.4% in the first quarter. Indiana Trust & Investment Management Co now owns 6,457 shares of the chip maker's stock worth $147,000 after purchasing an additional 500 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Intel Stock Performance

NASDAQ:INTC opened at $24.08 on Friday. Intel Corporation has a 12-month low of $17.67 and a 12-month high of $27.55. 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 $105.40 billion, a PE ratio of -5.05 and a beta of 1.23. The firm has a 50-day moving average price of $22.92 and a 200 day moving average price of $21.85.

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

Analyst Ratings Changes

A number of research firms have weighed in on INTC. Deutsche Bank Aktiengesellschaft began coverage on shares of Intel in a research report on Wednesday, May 21st. They set a "hold" rating and a $23.00 target price for the company. JPMorgan Chase & Co. upped their price objective on shares of Intel from $20.00 to $21.00 and gave the company an "underweight" rating in a research report on Friday, July 25th. Citigroup reaffirmed a "hold" rating on shares of Intel in a research report on Tuesday, July 8th. Benchmark reaffirmed a "hold" rating on shares of Intel in a research report on Friday, July 25th. Finally, Wall Street Zen raised shares of Intel from a "sell" rating to a "hold" rating in a research report on Saturday. One research analyst has rated the stock with a Buy rating, twenty-two have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus price target of $22.17.

Intel Company 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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