Bristlecone Advisors LLC Reduces Stock Position in Intel Corporation $INTC

Bristlecone Advisors LLC cut its stake in Intel Corporation (NASDAQ:INTC) by 56.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,748 shares of the chip maker’s stock after selling 65,673 shares during the period. Bristlecone Advisors LLC’s holdings in Intel were worth $1,114,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in 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 buying an additional 8,291,233 shares in the last quarter. Northern Trust Corp increased its holdings in 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 buying an additional 158,288 shares in the last quarter. Invesco Ltd. increased its holdings in 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 buying an additional 562,246 shares in the last quarter. Amundi increased its holdings in 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 buying an additional 6,829,690 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in 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 buying an additional 1,086,836 shares in the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on INTC. TD Cowen raised their price objective on shares of Intel from $35.00 to $38.00 and gave the stock a “hold” rating in a research note on Friday, October 24th. BNP Paribas Exane raised their price objective on shares of Intel from $19.00 to $30.00 and gave the stock an “underperform” rating in a research note on Friday, October 24th. Citigroup reissued a “sell” rating and set a $29.00 price objective (up from $24.00) on shares of Intel in a research note on Friday, September 19th. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research note on Friday, October 24th. Finally, KeyCorp reissued a “sector weight” rating on shares of Intel in a research note on Monday, October 20th. Two analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and eight have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $33.84.

Intel Stock Down 0.5%

Shares of NASDAQ INTC opened at $41.34 on Thursday. Intel Corporation has a 1 year low of $17.67 and a 1 year high of $42.48. The firm’s 50 day moving average price is $31.37 and its 200 day moving average price is $24.82. The firm has a market cap of $180.95 billion, a P/E ratio of 4,138.14 and a beta of 1.33. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.25 and a current ratio of 1.60.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 23rd. The chip maker reported $0.23 earnings per share (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 for the quarter, compared to analyst estimates of $13.10 billion. During the same quarter last year, the business earned ($0.46) earnings per share. Intel’s revenue was up 3.0% compared to the same quarter last year. Intel has set its Q4 2025 guidance at 0.080-0.080 EPS. As a group, sell-side analysts anticipate that Intel Corporation will post -0.11 earnings per share for the current year.

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.