Carret Asset Management LLC Sells 8,396 Shares of Intel Corporation $INTC

Carret Asset Management LLC decreased its position in Intel Corporation (NASDAQ:INTC) by 22.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,592 shares of the chip maker’s stock after selling 8,396 shares during the period. Carret Asset Management LLC’s holdings in Intel were worth $640,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of INTC. Allspring Global Investments Holdings LLC boosted its stake in Intel by 0.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 249,611 shares of the chip maker’s stock worth $5,504,000 after purchasing an additional 1,153 shares in the last quarter. Golden State Wealth Management LLC boosted its stake in Intel by 67.1% in the 1st quarter. Golden State Wealth Management LLC now owns 6,064 shares of the chip maker’s stock worth $138,000 after purchasing an additional 2,434 shares in the last quarter. Mather Group LLC. boosted its stake in Intel by 112.6% in the 1st quarter. Mather Group LLC. now owns 11,498 shares of the chip maker’s stock worth $261,000 after purchasing an additional 6,090 shares in the last quarter. Rossby Financial LCC bought a new position in Intel in the 1st quarter worth about $38,000. Finally, Moody Lynn & Lieberson LLC bought a new position in Intel in the 1st quarter worth about $215,000. Institutional investors own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

INTC has been the subject of a number of recent analyst reports. DZ Bank reissued a “sell” rating on shares of Intel in a research report on Friday, October 24th. Seaport Res Ptn raised Intel from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 24th. New Street Research boosted their price objective on shares of Intel from $23.00 to $32.00 in a report on Friday, September 19th. Wedbush boosted their price objective on shares of Intel from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Finally, TD Cowen boosted their price objective on shares of Intel from $35.00 to $38.00 and gave the company a “hold” rating in a report on Friday, October 24th. Two equities research analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and eight have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $33.84.

Intel Price Performance

NASDAQ INTC opened at $40.16 on Friday. Intel Corporation has a 52 week low of $17.67 and a 52 week high of $42.48. The firm has a market capitalization of $175.78 billion, a P/E ratio of 4,020.02 and a beta of 1.33. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.38. The company has a 50-day moving average price of $31.71 and a 200-day moving average price of $24.92.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, October 23rd. The chip maker reported $0.23 EPS for the quarter. Intel had a net margin of 0.37% and a negative return on equity of 0.75%. The firm had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.10 billion. During the same quarter in the prior year, the firm earned ($0.46) EPS. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. Intel has set its Q4 2025 guidance at 0.080-0.080 EPS. Equities research analysts anticipate that Intel Corporation will post -0.11 earnings per share for the current year.

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.