Checchi Capital Advisers LLC Cuts Stake in Intel Corporation $INTC

Checchi Capital Advisers LLC lessened its stake in shares of Intel Corporation (NASDAQ:INTC) by 25.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,860 shares of the chip maker’s stock after selling 5,772 shares during the period. Checchi Capital Advisers LLC’s holdings in Intel were worth $378,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in INTC. Figure 8 Investment Strategies LLC grew its position in shares of Intel by 262.3% during the 2nd quarter. Figure 8 Investment Strategies LLC now owns 32,437 shares of the chip maker’s stock valued at $727,000 after acquiring an additional 23,484 shares during the period. Corundum Group Inc. raised its holdings in shares of Intel by 4.5% in the 2nd quarter. Corundum Group Inc. now owns 27,578 shares of the chip maker’s stock worth $618,000 after purchasing an additional 1,180 shares during the period. Stock Yards Bank & Trust Co. lifted its stake in Intel by 5.1% in the second quarter. Stock Yards Bank & Trust Co. now owns 44,563 shares of the chip maker’s stock valued at $998,000 after purchasing an additional 2,169 shares during the last quarter. Hudson Edge Investment Partners Inc. grew its holdings in Intel by 18.3% during the second quarter. Hudson Edge Investment Partners Inc. now owns 257,570 shares of the chip maker’s stock valued at $5,770,000 after purchasing an additional 39,849 shares during the period. Finally, Cromwell Holdings LLC grew its holdings in Intel by 2,717.9% during the second quarter. Cromwell Holdings LLC now owns 14,343 shares of the chip maker’s stock valued at $321,000 after purchasing an additional 13,834 shares during the period. Institutional investors own 64.53% of the company’s stock.

Intel Trading Down 0.7%

Shares of INTC opened at $36.59 on Tuesday. Intel Corporation has a twelve month low of $17.67 and a twelve month high of $38.68. The stock has a market cap of $160.15 billion, a PE ratio of -7.67 and a beta of 1.33. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. The business’s 50-day moving average price is $25.79 and its 200-day moving average price is $22.86.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, July 24th. The chip maker reported ($0.10) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $12.86 billion for the quarter, compared to analysts’ expectations of $11.88 billion. During the same period in the prior year, the firm posted $0.02 EPS. Intel’s revenue was up .5% on a year-over-year basis. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. On average, equities analysts forecast that Intel Corporation will post -0.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on INTC. Cantor Fitzgerald boosted their target price on Intel from $26.00 to $36.00 and gave the company a “neutral” rating in a research note on Friday, September 19th. DZ Bank reissued a “sell” rating on shares of Intel in a report on Friday, September 19th. Sanford C. Bernstein reaffirmed a “neutral” rating on shares of Intel in a report on Thursday, October 2nd. Wall Street Zen upgraded shares of Intel from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Finally, Rosenblatt Securities reiterated a “sell” rating and issued a $14.00 target price on shares of Intel in a research note on Friday, July 25th. Two analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $26.40.

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.