Apollon Wealth Management LLC Sells 9,564 Shares of Intel Corporation $INTC

Apollon Wealth Management LLC reduced its stake in shares of Intel Corporation (NASDAQ:INTC) by 4.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 220,984 shares of the chip maker’s stock after selling 9,564 shares during the quarter. Apollon Wealth Management LLC’s holdings in Intel were worth $4,950,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of INTC. Vanguard Group Inc. grew its position in shares of Intel by 2.2% in the first quarter. Vanguard Group Inc. now owns 377,390,437 shares of the chip maker’s stock valued at $8,570,537,000 after purchasing an additional 8,291,233 shares during the last quarter. Northern Trust Corp grew its position in shares of Intel by 0.3% in the first quarter. Northern Trust Corp now owns 45,969,843 shares of the chip maker’s stock valued at $1,043,975,000 after purchasing an additional 158,288 shares during the last quarter. Invesco Ltd. grew its position in shares of Intel by 1.3% in the first quarter. Invesco Ltd. now owns 43,651,076 shares of the chip maker’s stock valued at $991,316,000 after purchasing an additional 562,246 shares during the last quarter. Amundi grew its position in shares of Intel by 22.0% in the first quarter. Amundi now owns 37,878,097 shares of the chip maker’s stock valued at $849,606,000 after purchasing an additional 6,829,690 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Intel by 3.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 35,025,596 shares of the chip maker’s stock valued at $795,431,000 after purchasing an additional 1,086,836 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.

Intel Stock Down 3.6%

NASDAQ INTC opened at $36.44 on Friday. The company has a current ratio of 1.24, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42. The stock’s 50 day moving average is $27.17 and its two-hundred day moving average is $23.24. The company has a market capitalization of $159.49 billion, a price-to-earnings ratio of -7.64 and a beta of 1.33. Intel Corporation has a 1-year low of $17.67 and a 1-year high of $39.65.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, July 24th. The chip maker reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.11). The company had revenue of $12.86 billion for the quarter, compared to analyst estimates of $11.88 billion. Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.02 earnings per share. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. Equities analysts forecast that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on INTC. UBS Group raised their price target on Intel from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. Wall Street Zen raised Intel from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Rosenblatt Securities reissued a “sell” rating and set a $14.00 target price on shares of Intel in a research report on Friday, July 25th. Mizuho lifted their target price on Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, July 3rd. Finally, Erste Group Bank raised Intel from a “sell” rating to a “hold” rating in a research report on Monday, September 22nd. Two equities research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and seven have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $26.63.

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.