Forvis Mazars Wealth Advisors LLC Cuts Stock Position in Intel Corporation $INTC

Forvis Mazars Wealth Advisors LLC lessened its holdings in Intel Corporation (NASDAQ:INTC) by 16.6% in the second quarter, HoldingsChannel reports. The institutional investor owned 22,012 shares of the chip maker’s stock after selling 4,371 shares during the quarter. Forvis Mazars Wealth Advisors LLC’s holdings in Intel were worth $493,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. HFM Investment Advisors LLC purchased a new stake in Intel in the 1st quarter worth $25,000. N.E.W. Advisory Services LLC purchased a new stake in Intel in the 1st quarter worth $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Intel in the 1st quarter worth $27,000. West Branch Capital LLC purchased a new stake in Intel in the 2nd quarter worth $28,000. Finally, LFA Lugano Financial Advisors SA purchased a new position in shares of Intel during the first quarter valued at about $30,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Stock Up 0.5%

Shares of NASDAQ:INTC opened at $37.01 on Monday. The company has a current ratio of 1.24, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42. Intel Corporation has a 12 month low of $17.67 and a 12 month high of $39.65. The company has a 50-day moving average price of $28.85 and a 200 day moving average price of $23.74. The company has a market cap of $161.99 billion, a price-to-earnings ratio of -7.76 and a beta of 1.33.

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. DZ Bank restated a “sell” rating on shares of Intel in a research report on Friday, September 19th. Stifel Nicolaus raised their price objective on Intel from $21.00 to $24.50 and gave the company a “hold” rating in a research report on Monday, July 21st. Wall Street Zen upgraded Intel from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Citigroup restated a “sell” rating and set a $29.00 price objective (up previously from $24.00) on shares of Intel in a research report on Friday, September 19th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Intel in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and seven have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $28.54.

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.