Adell Harriman & Carpenter Inc. Cuts Stock Position in Intel Corporation $INTC

Adell Harriman & Carpenter Inc. reduced its position in Intel Corporation (NASDAQ:INTC) by 25.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,253 shares of the chip maker’s stock after selling 4,109 shares during the quarter. Adell Harriman & Carpenter Inc.’s holdings in Intel were worth $274,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC raised its holdings in shares of Intel by 0.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 249,611 shares of the chip maker’s stock valued at $5,504,000 after acquiring an additional 1,153 shares in the last quarter. Golden State Wealth Management LLC raised its holdings in shares of Intel by 67.1% during the first quarter. Golden State Wealth Management LLC now owns 6,064 shares of the chip maker’s stock valued at $138,000 after acquiring an additional 2,434 shares in the last quarter. Mather Group LLC. raised its holdings in shares of Intel by 112.6% during the first quarter. Mather Group LLC. now owns 11,498 shares of the chip maker’s stock valued at $261,000 after acquiring an additional 6,090 shares in the last quarter. Rossby Financial LCC bought a new position in shares of Intel during the first quarter valued at approximately $38,000. Finally, Moody Lynn & Lieberson LLC bought a new stake in shares of Intel during the first quarter valued at approximately $215,000. 64.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on INTC. Northland Securities increased their price objective on Intel from $28.00 to $42.00 in a report on Friday, September 19th. Sanford C. Bernstein reiterated a “neutral” rating on shares of Intel in a report on Thursday, October 2nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Intel in a research note on Wednesday, October 8th. HSBC lifted their target price on Intel from $24.00 to $26.00 in a report on Friday, October 24th. Finally, Loop Capital lifted their target price on Intel from $25.00 to $40.00 and gave the stock a “hold” rating in a report on Friday, October 24th. Two analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and eight have assigned a Sell rating to the company’s stock. According to MarketBeat, Intel has a consensus rating of “Reduce” and an average price target of $33.84.

Intel Price Performance

NASDAQ:INTC opened at $40.16 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.38. The business’s 50-day simple moving average is $31.71 and its two-hundred day simple moving average is $24.92. The stock has a market cap of $175.78 billion, a PE ratio of 4,020.02 and a beta of 1.33. Intel Corporation has a 52 week low of $17.67 and a 52 week high of $42.48.

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

Intel Company 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.