Linscomb Wealth Inc. Sells 3,311 Shares of Intel Corporation $INTC

Linscomb Wealth Inc. decreased its holdings in shares of Intel Corporation (NASDAQ:INTC) by 26.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,431 shares of the chip maker’s stock after selling 3,311 shares during the quarter. Linscomb Wealth Inc.’s holdings in Intel were worth $211,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in INTC. Nuveen LLC bought a new stake in Intel in the first quarter valued at approximately $538,430,000. Kingstone Capital Partners Texas LLC acquired a new position in shares of Intel during the second quarter worth approximately $345,245,000. Price T Rowe Associates Inc. MD raised its position in shares of Intel by 99.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,829,385 shares of the chip maker’s stock worth $677,426,000 after purchasing an additional 14,901,457 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Intel by 133.3% during the first quarter. Goldman Sachs Group Inc. now owns 18,758,658 shares of the chip maker’s stock worth $426,009,000 after purchasing an additional 10,719,274 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in shares of Intel by 86.4% during the second 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 during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Trading Down 0.4%

INTC opened at $39.99 on Friday. The stock has a market cap of $175.04 billion, a PE ratio of 4,003.00 and a beta of 1.33. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.38. The business has a 50 day moving average of $32.01 and a 200-day moving average of $25.09. Intel Corporation has a 52 week low of $17.67 and a 52 week high of $42.48.

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

Analyst Ratings Changes

Several brokerages recently issued reports on INTC. Wells Fargo & Company lifted 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. New Street Research raised their target price on Intel from $23.00 to $32.00 in a research report on Friday, September 19th. Erste Group Bank upgraded Intel from a “sell” rating to a “hold” rating in a research note on Monday, September 22nd. Hsbc Global Res lowered Intel from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, October 7th. Finally, Wedbush raised their target price on Intel from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. One investment analyst has rated the stock with a Buy rating, twenty-three have given a Hold rating and eight have given a Sell rating to the company’s stock. Based on data from MarketBeat, Intel has an average rating of “Reduce” and a consensus price target of $34.18.

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.