Northeast Investment Management Sells 1,050 Shares of Intel Corporation $INTC

Northeast Investment Management reduced its position in shares of Intel Corporation (NASDAQ:INTC) by 3.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 26,630 shares of the chip maker’s stock after selling 1,050 shares during the period. Northeast Investment Management’s holdings in Intel were worth $597,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Verdence Capital Advisors LLC lifted its holdings in Intel by 1.1% during the 1st quarter. Verdence Capital Advisors LLC now owns 45,682 shares of the chip maker’s stock valued at $1,037,000 after purchasing an additional 486 shares during the last quarter. Independent Wealth Network Inc. lifted its position in Intel by 5.2% during the 2nd quarter. Independent Wealth Network Inc. now owns 9,927 shares of the chip maker’s stock worth $222,000 after buying an additional 490 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its position in Intel by 23.1% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 2,614 shares of the chip maker’s stock worth $59,000 after buying an additional 491 shares in the last quarter. one8zero8 LLC lifted its position in Intel by 4.2% during the 1st quarter. one8zero8 LLC now owns 12,320 shares of the chip maker’s stock worth $280,000 after buying an additional 500 shares in the last quarter. Finally, Indiana Trust & Investment Management Co lifted its position in Intel by 8.4% during the 1st quarter. Indiana Trust & Investment Management Co now owns 6,457 shares of the chip maker’s stock worth $147,000 after buying an additional 500 shares in the last quarter. 64.53% of the stock is owned by institutional investors.

Intel Stock Performance

Intel stock opened at $37.01 on Monday. 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 $39.65. The company has a market cap of $161.99 billion, a PE ratio of -7.76 and a beta of 1.33. The company’s 50-day moving average is $28.85 and its two-hundred day moving average is $23.74.

Intel (NASDAQ:INTC) last announced its quarterly earnings results 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 firm had revenue of $12.86 billion during 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 business’s revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.02 earnings per share. 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.

Wall Street Analyst Weigh In

INTC has been the topic of several research reports. Hsbc Global Res downgraded shares of Intel from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, October 7th. Bank of America reiterated an “underperform” rating and set a $34.00 price target on shares of Intel in a research report on Monday, October 13th. Loop Capital initiated coverage on shares of Intel in a research report on Monday, July 21st. They set a “hold” rating and a $25.00 price target on the stock. Wall Street Zen upgraded shares of Intel from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Finally, Barclays upped their price target on shares of Intel from $19.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Friday, September 19th. Two research analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and seven have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $28.54.

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.