Notis McConarty Edward Sells 2,000 Shares of Intel Corporation $INTC

Notis McConarty Edward decreased its position in Intel Corporation (NASDAQ:INTC) by 15.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,000 shares of the chip maker’s stock after selling 2,000 shares during the quarter. Notis McConarty Edward’s holdings in Intel were worth $246,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Westbourne Investments Inc. boosted its position in Intel by 319.4% during the first quarter. Westbourne Investments Inc. now owns 71,425 shares of the chip maker’s stock worth $1,622,000 after purchasing an additional 54,395 shares during the period. LBP AM SA boosted its position in Intel by 1.8% during the second quarter. LBP AM SA now owns 734,813 shares of the chip maker’s stock worth $16,460,000 after purchasing an additional 13,248 shares during the period. Lockerman Financial Group Inc. acquired a new position in shares of Intel during the second quarter worth approximately $237,000. Swedbank AB lifted its holdings in shares of Intel by 5.0% during the second quarter. Swedbank AB now owns 9,467,128 shares of the chip maker’s stock worth $212,064,000 after buying an additional 454,234 shares during the last quarter. Finally, Czech National Bank lifted its holdings in shares of Intel by 7.2% during the second quarter. Czech National Bank now owns 1,066,599 shares of the chip maker’s stock worth $23,892,000 after buying an additional 72,065 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Stock Performance

Intel stock opened at $37.43 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.92. The stock has a fifty day moving average price of $26.46 and a two-hundred day moving average price of $23.06. Intel Corporation has a 52-week low of $17.67 and a 52-week high of $38.68. The firm has a market capitalization of $163.83 billion, a P/E ratio of -7.85 and a beta of 1.33.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, July 24th. The chip maker reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.11). Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%.The company had revenue of $12.86 billion for the quarter, compared to analyst estimates of $11.88 billion. During the same quarter in the prior year, the company earned $0.02 earnings per share. The business’s revenue was up .5% compared to the same quarter last year. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. As a group, analysts anticipate that Intel Corporation will post -0.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

INTC has been the subject of a number of research analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a report on Friday, July 25th. New Street Research upped their price target on Intel from $23.00 to $32.00 in a report on Friday, September 19th. Roth Capital reiterated a “neutral” rating and set a $30.00 price target on shares of Intel in a report on Thursday, September 18th. Cantor Fitzgerald upped their price target on Intel from $26.00 to $36.00 and gave the stock a “neutral” rating in a report on Friday, September 19th. Finally, Stifel Nicolaus upped their target price on Intel from $21.00 to $24.50 and gave the company a “hold” rating in a research note on Monday, July 21st. Two equities research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and seven have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Intel currently has an average rating of “Reduce” and an average price target of $26.30.

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.