Heritage Wealth Management Inc. CA Decreases Stock Holdings in Intel Corporation $INTC

Heritage Wealth Management Inc. CA reduced its holdings in shares of Intel Corporation (NASDAQ:INTC) by 3.2% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 17,762 shares of the chip maker’s stock after selling 588 shares during the period. Heritage Wealth Management Inc. CA’s holdings in Intel were worth $398,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. N.E.W. Advisory Services LLC purchased a new position in shares of Intel in the first quarter valued at $25,000. HFM Investment Advisors LLC purchased a new position in shares of Intel in the first quarter valued at $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Intel in the first quarter valued at $27,000. West Branch Capital LLC purchased a new position in shares of Intel in the second quarter valued at $28,000. Finally, LFA Lugano Financial Advisors SA purchased a new position in shares of Intel in the first quarter valued at $30,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Stock Down 4.3%

Shares of NASDAQ:INTC opened at $35.63 on Wednesday. The stock has a market capitalization of $155.95 billion, a price-to-earnings ratio of -7.47 and a beta of 1.33. Intel Corporation has a 1-year low of $17.67 and a 1-year high of $39.65. The company’s fifty day moving average is $27.83 and its two-hundred day moving average is $23.42. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.24.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share 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 analyst estimates of $11.88 billion. Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%.The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same period last year, the company posted $0.02 earnings per share. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. Equities analysts anticipate that Intel Corporation will post -0.11 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on INTC. TD Cowen upped their target price on shares of Intel from $20.00 to $35.00 and gave the company a “hold” rating in a research note on Friday, October 10th. UBS Group increased their price objective on shares of Intel from $35.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. Rosenblatt Securities reiterated a “sell” rating and set a $14.00 price objective on shares of Intel in a research note on Friday, July 25th. Mizuho increased their price objective on shares of Intel from $23.00 to $39.00 and gave the company a “neutral” rating in a research note on Monday. Finally, JPMorgan Chase & Co. reiterated a “sell” rating and set a $21.00 price objective on shares of Intel in a research note on Friday, September 19th. Two research analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and eight have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $27.60.

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.