NorthCrest Asset Manangement LLC Sells 3,468 Shares of Intel Corporation $INTC

NorthCrest Asset Manangement LLC cut its holdings in shares of Intel Corporation (NASDAQ:INTC) by 2.4% in the 2nd quarter, HoldingsChannel reports. The fund owned 138,381 shares of the chip maker’s stock after selling 3,468 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Intel were worth $3,112,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in INTC. Nuveen LLC purchased a new position in Intel during the first quarter worth about $538,430,000. Price T Rowe Associates Inc. MD boosted its holdings in Intel by 99.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,829,385 shares of the chip maker’s stock worth $677,426,000 after purchasing an additional 14,901,457 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Intel by 133.3% during the first quarter. Goldman Sachs Group Inc. now owns 18,758,658 shares of the chip maker’s stock worth $426,009,000 after purchasing an additional 10,719,274 shares during the last quarter. Neuberger Berman Group LLC boosted its holdings in Intel by 1,091.1% during the first quarter. Neuberger Berman Group LLC now owns 11,204,926 shares of the chip maker’s stock worth $254,641,000 after purchasing an additional 10,264,175 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Intel by 2.2% during the first quarter. Vanguard Group Inc. now owns 377,390,437 shares of the chip maker’s stock worth $8,570,537,000 after purchasing an additional 8,291,233 shares during the last quarter. 64.53% of the stock is owned by institutional investors.

Intel Stock Performance

Shares of INTC stock opened at $30.57 on Friday. The stock has a market capitalization of $133.80 billion, a P/E ratio of -6.41 and a beta of 1.23. 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 firm’s 50 day moving average is $23.17 and its 200 day moving average is $21.95. Intel Corporation has a 12 month low of $17.67 and a 12 month high of $32.38.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, July 24th. The chip maker reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.11). The business had revenue of $12.86 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 earnings per share. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. On average, sell-side analysts anticipate that Intel Corporation will post -0.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on INTC shares. Rosenblatt Securities restated a “sell” rating and set a $14.00 price target on shares of Intel in a report on Friday, July 25th. Citigroup restated a “hold” rating on shares of Intel in a report on Tuesday, July 8th. Stifel Nicolaus boosted their price target on shares of Intel from $21.00 to $24.50 and gave the stock a “hold” rating in a report on Monday, July 21st. Loop Capital assumed coverage on shares of Intel in a research report on Monday, July 21st. They set a “hold” rating and a $25.00 target price for the company. Finally, Roth Capital reissued a “neutral” rating on shares of Intel in a research report on Thursday. One research analyst has rated the stock with a Buy rating, twenty-three have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $22.20.

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.