Intel Corporation $INTC Holdings Decreased by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its stake in Intel Corporation (NASDAQ:INTC) by 0.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 5,267,973 shares of the chip maker’s stock after selling 37,200 shares during the quarter. New York State Common Retirement Fund’s holdings in Intel were worth $118,003,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Assetmark Inc. lifted its position in Intel by 67.5% in the first quarter. Assetmark Inc. now owns 8,855 shares of the chip maker’s stock worth $201,000 after purchasing an additional 3,569 shares during the period. Federated Hermes Inc. increased its position in shares of Intel by 2.1% during the 1st quarter. Federated Hermes Inc. now owns 166,238 shares of the chip maker’s stock valued at $3,775,000 after purchasing an additional 3,481 shares during the period. Natixis Advisors LLC raised its stake in shares of Intel by 67.8% in the 1st quarter. Natixis Advisors LLC now owns 973,417 shares of the chip maker’s stock worth $22,106,000 after buying an additional 393,295 shares in the last quarter. Nicolet Advisory Services LLC acquired a new stake in shares of Intel in the first quarter valued at $235,000. Finally, UNIVEST FINANCIAL Corp acquired a new stake in shares of Intel in the first quarter valued at $214,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Ratings Changes

INTC has been the topic of a number of research analyst reports. Wells Fargo & Company lifted their target price on Intel from $30.00 to $45.00 and gave the stock an “equal weight” rating in a report on Friday, October 24th. Cantor Fitzgerald raised their price objective on shares of Intel from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, October 20th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Intel from $30.00 to $35.00 and gave the stock a “hold” rating in a report on Friday, October 24th. Truist Financial increased their target price on shares of Intel from $21.00 to $39.00 and gave the company a “hold” rating in a research note on Friday, October 24th. Finally, Rosenblatt Securities lifted their price target on shares of Intel from $14.00 to $25.00 and gave the stock a “sell” rating in a research report on Friday, October 24th. Two research analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and eight have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $34.84.

Intel Stock Performance

Shares of INTC opened at $40.68 on Friday. The company has a 50-day moving average of $36.65 and a two-hundred day moving average of $27.38. The stock has a market cap of $194.30 billion, a price-to-earnings ratio of 4,071.57 and a beta of 1.31. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.60 and a quick ratio of 1.25. Intel Corporation has a one year low of $17.67 and a one year high of $42.48.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, October 23rd. The chip maker reported $0.23 earnings per share (EPS) for the quarter. The business 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.46) earnings per share. Intel has set its Q4 2025 guidance at 0.080-0.080 EPS. On average, equities research analysts expect that Intel Corporation will post -0.11 earnings per share for the current year.

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.