Westside Investment Management Inc. Cuts Stake in Intel Corporation $INTC

Westside Investment Management Inc. reduced its stake in shares of Intel Corporation (NASDAQ:INTC) by 40.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 4,916 shares of the chip maker’s stock after selling 3,345 shares during the period. Westside Investment Management Inc.’s holdings in Intel were worth $110,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in INTC. Nuveen LLC purchased a new stake in Intel during the 1st quarter valued at approximately $538,430,000. Kingstone Capital Partners Texas LLC purchased a new stake in Intel during the 2nd quarter valued at approximately $345,245,000. Price T Rowe Associates Inc. MD grew its holdings in Intel by 99.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,829,385 shares of the chip maker’s stock valued at $677,426,000 after buying an additional 14,901,457 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Intel by 133.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 18,758,658 shares of the chip maker’s stock valued at $426,009,000 after buying an additional 10,719,274 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in Intel by 86.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 22,705,050 shares of the chip maker’s stock valued at $508,593,000 after buying an additional 10,523,590 shares in the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

INTC has been the subject of a number of research reports. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research report on Friday, October 24th. New Street Research increased their target price on Intel from $23.00 to $32.00 in a research report on Friday, September 19th. Wells Fargo & Company increased their target price on Intel from $30.00 to $45.00 and gave the company an “equal weight” rating in a research report on Friday, October 24th. KeyCorp reiterated a “sector weight” rating on shares of Intel in a research report on Monday, October 20th. Finally, Bank of America reiterated an “underperform” rating and set a $34.00 target price on shares of Intel in a research report on Monday, October 13th. One investment analyst has 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, the stock has an average rating of “Reduce” and an average target price of $34.18.

Intel Stock Down 1.2%

Shares of INTC opened at $39.50 on Tuesday. The company has a market cap of $172.89 billion, a PE ratio of 3,953.95 and a beta of 1.33. The business has a fifty day moving average of $32.31 and a 200 day moving average of $25.28. Intel Corporation has a 52-week low of $17.67 and a 52-week high of $42.48. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.38.

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. On average, sell-side analysts expect that Intel Corporation will post -0.11 EPS for the current year.

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.