SP Asset Management LLC Sells 1,649 Shares of Intel Corporation $INTC

SP Asset Management LLC lowered its position in shares of Intel Corporation (NASDAQ:INTC) by 11.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,845 shares of the chip maker’s stock after selling 1,649 shares during the period. SP Asset Management LLC’s holdings in Intel were worth $288,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. HFM Investment Advisors LLC bought a new position in shares of Intel during the first quarter worth approximately $25,000. N.E.W. Advisory Services LLC bought a new position in shares of Intel during the first quarter worth approximately $25,000. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Intel during the first quarter worth approximately $27,000. West Branch Capital LLC bought a new position in shares of Intel during the second quarter worth approximately $28,000. Finally, PrairieView Partners LLC grew its position in Intel by 77.0% during the first quarter. PrairieView Partners LLC now owns 1,398 shares of the chip maker’s stock worth $31,000 after buying an additional 608 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Trading Up 3.6%

Shares of INTC stock opened at $38.38 on Thursday. The stock’s fifty day moving average price is $32.83 and its two-hundred day moving average price is $25.50. The company has a market cap of $167.99 billion, a PE ratio of 3,841.84 and a beta of 1.31. Intel Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $42.48. 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 released its quarterly earnings data on Thursday, October 23rd. The chip maker reported $0.23 earnings per share for the quarter. Intel had a negative return on equity of 0.75% and a net margin of 0.37%.The company had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.10 billion. During the same quarter last year, the business posted ($0.46) EPS. Intel’s revenue for the quarter was up 3.0% on a year-over-year basis. Intel has set its Q4 2025 guidance at 0.080-0.080 EPS. Equities analysts predict that Intel Corporation will post -0.11 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on INTC. Morgan Stanley increased their price target on Intel from $23.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Monday, October 20th. Erste Group Bank raised Intel from a “sell” rating to a “hold” rating in a research report on Monday, September 22nd. JPMorgan Chase & Co. increased their price target on Intel from $21.00 to $30.00 and gave the stock an “underweight” rating in a research report on Friday, October 24th. Truist Financial increased their price target on Intel from $21.00 to $39.00 and gave the stock a “hold” rating in a research report on Friday, October 24th. Finally, Seaport Res Ptn raised Intel from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 24th. Two analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and eight have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $34.84.

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.