Parsons Capital Management Inc. RI Sells 2,704 Shares of Intel Corporation $INTC

Parsons Capital Management Inc. RI lowered its holdings in Intel Corporation (NASDAQ:INTC) by 13.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,713 shares of the chip maker’s stock after selling 2,704 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Intel were worth $374,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in INTC. Westbourne Investments Inc. lifted its position in shares of Intel by 319.4% during the 1st quarter. Westbourne Investments Inc. now owns 71,425 shares of the chip maker’s stock worth $1,622,000 after buying an additional 54,395 shares during the period. LBP AM SA grew its position in Intel by 1.8% in the second quarter. LBP AM SA now owns 734,813 shares of the chip maker’s stock valued at $16,460,000 after acquiring an additional 13,248 shares during the period. Lockerman Financial Group Inc. acquired a new position in Intel during the second quarter worth $237,000. Swedbank AB lifted its holdings in shares of Intel by 5.0% during the second quarter. Swedbank AB now owns 9,467,128 shares of the chip maker’s stock valued at $212,064,000 after acquiring an additional 454,234 shares during the period. Finally, Czech National Bank lifted its holdings in shares of Intel by 7.2% during the second quarter. Czech National Bank now owns 1,066,599 shares of the chip maker’s stock valued at $23,892,000 after acquiring an additional 72,065 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Performance

Intel stock opened at $36.83 on Friday. The company has a market cap of $161.20 billion, a PE ratio of -7.72 and a beta of 1.33. The company has a current ratio of 1.24, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42. Intel Corporation has a 1 year low of $17.67 and a 1 year high of $38.08. The company’s 50-day moving average is $25.47 and its two-hundred day moving average is $22.80.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, July 24th. The chip maker reported ($0.10) 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 for the quarter, compared to analyst estimates of $11.88 billion. During the same quarter in the prior year, the firm earned $0.02 EPS. The firm’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. Equities analysts anticipate that Intel Corporation will post -0.11 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Benchmark raised shares of Intel from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Friday, September 19th. Northland Securities boosted their price target on shares of Intel from $28.00 to $42.00 in a research report on Friday, September 19th. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research note on Friday, July 25th. Roth Capital reiterated a “neutral” rating and issued a $30.00 target price on shares of Intel in a research note on Thursday, September 18th. Finally, Mizuho boosted their target price on Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, July 3rd. Two research analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Intel has a consensus rating of “Reduce” and a consensus price target of $26.19.

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.