Intel Corporation $INTC Shares Sold by Peregrine Asset Advisers Inc.

Peregrine Asset Advisers Inc. cut its position in shares of Intel Corporation (NASDAQ:INTC) by 90.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 9,755 shares of the chip maker’s stock after selling 89,349 shares during the period. Peregrine Asset Advisers Inc.’s holdings in Intel were worth $219,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Westbourne Investments Inc. raised its holdings in shares of Intel by 319.4% in 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 during the last quarter. Pacific Wealth Management acquired a new position in Intel in the second quarter valued at $1,593,000. Econ Financial Services Corp acquired a new position in Intel in the second quarter valued at $754,000. 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 during the last quarter. Finally, First Bancorp Inc ME acquired a new position in Intel in the second quarter valued at $207,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Stock Performance

Shares of NASDAQ:INTC opened at $39.99 on Monday. The firm has a market capitalization of $175.04 billion, a PE ratio of 4,003.00 and a beta of 1.33. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.60 and a quick ratio of 1.25. The business has a 50-day moving average of $32.01 and a two-hundred day moving average of $25.14. Intel Corporation has a 12 month low of $17.67 and a 12 month high of $42.48.

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. TD Cowen upped their target price on Intel from $35.00 to $38.00 and gave the company a “hold” rating in a research note on Friday, October 24th. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research note on Friday, October 24th. Susquehanna upped their target price on Intel from $31.00 to $35.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Seaport Res Ptn upgraded Intel from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 24th. Finally, Benchmark upped their target price on Intel from $43.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, October 24th. One analyst has rated the stock with a Buy rating, twenty-three have issued a Hold rating and eight have given a Sell rating to the company. According to data from MarketBeat, Intel presently has an average rating of “Reduce” and an average target price of $34.18.

Intel 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.