Intel Corporation $INTC Shares Sold by Legal & General Group Plc

Legal & General Group Plc lowered its position in Intel Corporation (NASDAQ:INTC) by 0.4% during the second quarter, HoldingsChannel.com reports. The fund owned 33,300,585 shares of the chip maker’s stock after selling 118,384 shares during the quarter. Legal & General Group Plc’s holdings in Intel were worth $745,933,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of INTC. Neo Ivy Capital Management grew its stake in Intel by 1.3% in the 2nd quarter. Neo Ivy Capital Management now owns 66,483 shares of the chip maker’s stock valued at $1,489,000 after acquiring an additional 837 shares during the last quarter. DNB Asset Management AS grew its position in shares of Intel by 100.6% in the second quarter. DNB Asset Management AS now owns 5,813,970 shares of the chip maker’s stock valued at $130,233,000 after purchasing an additional 2,915,302 shares during the last quarter. Entropy Technologies LP increased its stake in shares of Intel by 107.8% during the 2nd quarter. Entropy Technologies LP now owns 142,687 shares of the chip maker’s stock worth $3,196,000 after purchasing an additional 74,035 shares in the last quarter. Magnetar Financial LLC acquired a new position in shares of Intel during the 2nd quarter worth approximately $1,444,000. Finally, Swiss National Bank lifted its stake in Intel by 8.5% in the 2nd quarter. Swiss National Bank now owns 13,199,900 shares of the chip maker’s stock valued at $295,678,000 after buying an additional 1,035,600 shares in the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Price Performance

INTC opened at $33.62 on Friday. Intel Corporation has a 1 year low of $17.67 and a 1 year high of $42.48. The company’s 50 day simple moving average is $35.42 and its 200 day simple moving average is $26.69. The stock has a market capitalization of $160.60 billion, a PE ratio of 3,365.37 and a beta of 1.31. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.25 and a current ratio of 1.60.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, October 23rd. The chip maker reported $0.23 EPS for the quarter. The firm had revenue of $13.65 billion during 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%. Intel’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.46) earnings per share. Intel has set its Q4 2025 guidance at 0.080-0.080 EPS. As a group, sell-side analysts expect that Intel Corporation will post -0.11 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on INTC. Northland Securities boosted their price target on Intel from $28.00 to $42.00 in a report on Friday, September 19th. Susquehanna boosted their target price on shares of Intel from $31.00 to $35.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. DZ Bank reaffirmed a “sell” rating on shares of Intel in a research note on Friday, October 24th. Wall Street Zen raised shares of Intel from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Finally, Rosenblatt Securities upped their price objective on shares of Intel from $14.00 to $25.00 and gave the company a “sell” rating in a research note on Friday, October 24th. Two analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and eight have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $34.84.

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.