Franklin Resources Inc. Sells 697,138 Shares of Intel Corporation $INTC

Franklin Resources Inc. lessened its position in shares of Intel Corporation (NASDAQ:INTC) by 34.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 1,302,998 shares of the chip maker’s stock after selling 697,138 shares during the quarter. Franklin Resources Inc.’s holdings in Intel were worth $29,187,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Intel by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 385,903,735 shares of the chip maker’s stock worth $8,644,244,000 after buying an additional 8,513,298 shares during the period. Westbourne Investments Inc. boosted its stake 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 acquiring an additional 54,395 shares in the last quarter. Pacific Wealth Management bought a new position in Intel during the second quarter worth $1,593,000. Econ Financial Services Corp acquired a new stake in Intel in the second quarter worth $754,000. Finally, Y Intercept Hong Kong Ltd increased its stake in Intel by 6,865.7% in the second quarter. Y Intercept Hong Kong Ltd now owns 1,151,425 shares of the chip maker’s stock valued at $25,792,000 after purchasing an additional 1,134,895 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Up 2.7%

Shares of NASDAQ:INTC opened at $36.81 on Thursday. The business’s 50 day moving average is $36.30 and its 200 day moving average is $27.15. Intel Corporation has a 12-month low of $17.67 and a 12-month high of $42.48. The stock has a market cap of $175.84 billion, a price-to-earnings ratio of 3,684.68 and a beta of 1.31. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.38.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, October 23rd. The chip maker reported $0.23 earnings per share (EPS) for the quarter. The firm had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.10 billion. Intel had a net margin of 0.37% and a negative return on equity of 0.75%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.46) EPS. Intel has set its Q4 2025 guidance at 0.080-0.080 EPS. On average, sell-side analysts forecast that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on INTC. Citigroup reissued 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. Mizuho increased their price target on Intel from $39.00 to $41.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Benchmark raised their price objective on Intel from $43.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Wall Street Zen raised Intel from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Finally, Susquehanna increased their target price on Intel from $31.00 to $35.00 and gave the stock a “neutral” rating in a 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 issued a Sell rating to the stock. According to data from MarketBeat, Intel has a consensus 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.