MB Levis & Associates LLC Sells 704 Shares of Intel Corporation $INTC

MB Levis & Associates LLC trimmed its stake in shares of Intel Corporation (NASDAQ:INTC) by 28.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,805 shares of the chip maker’s stock after selling 704 shares during the period. MB Levis & Associates LLC’s holdings in Intel were worth $40,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. First Bancorp Inc ME acquired a new stake in shares of Intel during the second quarter worth $207,000. Woodard & Co. Asset Management Group Inc. ADV acquired a new stake in shares of Intel during the second quarter worth $1,224,000. United Bank acquired a new stake in shares of Intel during the second quarter worth $205,000. Aspiriant LLC raised its holdings in shares of Intel by 33.7% during the second quarter. Aspiriant LLC now owns 17,217 shares of the chip maker’s stock worth $386,000 after acquiring an additional 4,335 shares during the period. Finally, Chevy Chase Trust Holdings LLC raised its holdings in shares of Intel by 1.6% during the second quarter. Chevy Chase Trust Holdings LLC now owns 2,324,340 shares of the chip maker’s stock worth $52,065,000 after acquiring an additional 36,971 shares during the period. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on INTC shares. HSBC restated a “reduce” rating and set a $24.00 price objective (up from $21.25) on shares of Intel in a report on Tuesday, October 7th. Seaport Res Ptn upgraded shares of Intel from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 24th. New Street Research lifted their price target on shares of Intel from $23.00 to $32.00 in a research note on Friday, September 19th. TD Cowen lifted their price target on shares of Intel from $20.00 to $35.00 and gave the company a “hold” rating in a research note on Friday, October 10th. Finally, Rosenblatt Securities reiterated a “sell” rating and issued a $14.00 price target on shares of Intel in a research note on Friday, July 25th. Two analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and seven have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Intel currently has an average rating of “Reduce” and a consensus price target of $28.54.

Intel Stock Up 0.5%

Intel stock opened at $37.01 on Friday. The firm has a market capitalization 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 200-day moving average is $23.73. Intel Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $39.65. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.92.

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 the consensus estimate of $0.01 by ($0.11). The firm had revenue of $12.86 billion for the quarter, compared to analyst estimates of $11.88 billion. Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%.The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.02 earnings per share. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. Sell-side analysts anticipate that Intel Corporation will post -0.11 earnings per share for the current year.

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.