Empower Advisory Group LLC Trims Stock Holdings in Intel Corporation $INTC

Empower Advisory Group LLC reduced its stake in shares of Intel Corporation (NASDAQ:INTC) by 9.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,730 shares of the chip maker’s stock after selling 5,921 shares during the period. Empower Advisory Group LLC’s holdings in Intel were worth $1,293,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Nuveen LLC bought a new stake in Intel during the 1st quarter worth approximately $538,430,000. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Intel in the second quarter worth $345,245,000. Price T Rowe Associates Inc. MD increased its stake in shares of Intel by 99.8% in 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 in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Intel by 133.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 18,758,658 shares of the chip maker’s stock valued at $426,009,000 after purchasing an additional 10,719,274 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Intel by 86.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 22,705,050 shares of the chip maker’s stock valued at $508,593,000 after buying an additional 10,523,590 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Intel Stock Performance

NASDAQ:INTC opened at $35.52 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.60 and a quick ratio of 1.25. The company has a market cap of $169.68 billion, a price-to-earnings ratio of 3,555.56 and a beta of 1.31. Intel Corporation has a 1 year low of $17.67 and a 1 year high of $42.48. The stock’s 50 day simple moving average is $34.63 and its two-hundred day simple moving average is $26.38.

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

Analysts Set New Price Targets

INTC has been the subject of a number of analyst reports. Seaport Res Ptn upgraded Intel from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 24th. Sanford C. Bernstein reissued a “neutral” rating on shares of Intel in a research note on Thursday, October 2nd. Stifel Nicolaus boosted their price target on Intel from $21.00 to $24.50 and gave the stock a “hold” rating in a report on Monday, July 21st. Rosenblatt Securities increased their price objective on shares of Intel from $14.00 to $25.00 and gave the company a “sell” rating in a report on Friday, October 24th. Finally, HSBC boosted their target price on shares of Intel from $24.00 to $26.00 in a report on Friday, October 24th. Two equities research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and eight have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $34.84.

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.