Financial Advocates Investment Management Sells 13,147 Shares of Intel Corporation $INTC

Financial Advocates Investment Management lessened its position in shares of Intel Corporation (NASDAQ:INTC) by 49.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,344 shares of the chip maker’s stock after selling 13,147 shares during the quarter. Financial Advocates Investment Management’s holdings in Intel were worth $299,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. N.E.W. Advisory Services LLC acquired a new position in shares of Intel during the first quarter worth $25,000. HFM Investment Advisors LLC purchased a new position in Intel during the 1st quarter worth $25,000. West Branch Capital LLC acquired a new position in Intel during the 2nd quarter valued at about $28,000. PrairieView Partners LLC increased its position in Intel by 77.0% during the 1st quarter. PrairieView Partners LLC now owns 1,398 shares of the chip maker’s stock valued at $31,000 after buying an additional 608 shares in the last quarter. Finally, Eukles Asset Management raised its stake in Intel by 55.6% in the second quarter. Eukles Asset Management now owns 1,400 shares of the chip maker’s stock valued at $31,000 after buying an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Trading Up 10.5%

Shares of Intel stock opened at $40.68 on Friday. 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 firm has a fifty day moving average price of $36.65 and a 200 day moving average price of $27.35. Intel Corporation has a 1 year low of $17.67 and a 1 year high of $42.48. The stock has a market cap of $194.30 billion, a PE ratio of 4,071.57 and a beta of 1.31.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, October 23rd. The chip maker reported $0.23 EPS for the quarter. The company had revenue of $13.65 billion for 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%. The firm’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the company earned ($0.46) earnings per share. Intel has set its Q4 2025 guidance at 0.080-0.080 EPS. Equities research analysts predict that Intel Corporation will post -0.11 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on INTC. KeyCorp restated a “sector weight” rating on shares of Intel in a report on Monday, October 20th. JPMorgan Chase & Co. upped their price target on shares of Intel from $21.00 to $30.00 and gave the company an “underweight” rating in a research note on Friday, October 24th. Bank of America reaffirmed an “underperform” rating and issued a $34.00 price target on shares of Intel in a report on Monday, October 13th. Mizuho boosted their price objective on shares of Intel from $39.00 to $41.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Finally, Needham & Company LLC restated a “hold” rating on shares of Intel in a research note on Friday, October 24th. Two investment analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and eight have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $34.84.

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.