Prasad Wealth Partners LLC Sells 2,171 Shares of Intel Corporation $INTC

Prasad Wealth Partners LLC reduced its position in shares of Intel Corporation (NASDAQ:INTC) by 17.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,499 shares of the chip maker’s stock after selling 2,171 shares during the period. Prasad Wealth Partners LLC’s holdings in Intel were worth $235,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Intel by 2.2% during the first quarter. Vanguard Group Inc. now owns 377,390,437 shares of the chip maker’s stock valued at $8,570,537,000 after purchasing an additional 8,291,233 shares in the last quarter. Northern Trust Corp raised its position in Intel by 0.3% in the first quarter. Northern Trust Corp now owns 45,969,843 shares of the chip maker’s stock worth $1,043,975,000 after acquiring an additional 158,288 shares during the period. Invesco Ltd. raised its position in Intel by 1.3% in the first quarter. Invesco Ltd. now owns 43,651,076 shares of the chip maker’s stock worth $991,316,000 after acquiring an additional 562,246 shares during the period. Amundi raised its position in Intel by 22.0% in the first quarter. Amundi now owns 37,878,097 shares of the chip maker’s stock worth $849,606,000 after acquiring an additional 6,829,690 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Intel by 3.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 35,025,596 shares of the chip maker’s stock worth $795,431,000 after acquiring an additional 1,086,836 shares during the period. 64.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

INTC has been the topic of several research reports. Stifel Nicolaus lifted their price objective on shares of Intel from $21.00 to $24.50 and gave the stock a “hold” rating in a research report on Monday, July 21st. Loop Capital initiated coverage on shares of Intel in a research report on Monday, July 21st. They issued a “hold” rating and a $25.00 price target on the stock. Seaport Res Ptn raised shares of Intel from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 24th. Rosenblatt Securities reissued a “sell” rating and issued a $14.00 price target on shares of Intel in a research report on Friday, July 25th. Finally, Mizuho boosted their price target on shares of Intel from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, July 3rd. Two analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat.com, Intel currently has a consensus rating of “Reduce” and an average target price of $26.40.

Intel Price Performance

INTC stock opened at $36.59 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.92. Intel Corporation has a one year low of $17.67 and a one year 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 firm has a 50 day simple moving average of $25.79 and a two-hundred day simple moving average of $22.86.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, July 24th. The chip maker reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $12.86 billion during the quarter, compared to analysts’ expectations of $11.88 billion. During the same period last year, the company posted $0.02 EPS. Intel’s revenue for the quarter was up .5% on a year-over-year basis. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. On average, analysts predict 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.