Spire Wealth Management Sells 38,723 Shares of Intel Corporation $INTC

Spire Wealth Management decreased its holdings in shares of Intel Corporation (NASDAQ:INTC) by 59.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,178 shares of the chip maker’s stock after selling 38,723 shares during the quarter. Spire Wealth Management’s holdings in Intel were worth $586,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in INTC. HFM Investment Advisors LLC bought a new position in Intel in the 1st quarter valued at approximately $25,000. N.E.W. Advisory Services LLC bought a new position in shares of Intel in the 1st quarter valued at $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Intel during the 1st quarter valued at $27,000. West Branch Capital LLC bought a new stake in Intel during the 2nd quarter worth $28,000. Finally, PrairieView Partners LLC increased its holdings in Intel by 77.0% in the 1st quarter. PrairieView Partners LLC now owns 1,398 shares of the chip maker’s stock worth $31,000 after purchasing an additional 608 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Truist Financial lifted their price target on Intel from $21.00 to $39.00 and gave the company a “hold” rating in a research note on Friday, October 24th. Barclays lifted their target price on shares of Intel from $25.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Friday, October 24th. Wedbush upped their price target on shares of Intel from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Rosenblatt Securities lifted their price target on shares of Intel from $14.00 to $25.00 and gave the stock a “sell” rating in a report on Friday, October 24th. Finally, Seaport Res Ptn upgraded Intel from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 24th. One investment analyst has rated the stock with a Buy rating, twenty-three have issued a Hold rating and eight have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $34.18.

Intel Price Performance

Shares of NASDAQ INTC opened at $39.99 on Friday. The company 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 quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.38. Intel Corporation has a twelve month low of $17.67 and a twelve month high of $42.48. The firm has a fifty day simple moving average of $32.01 and a 200 day simple moving average of $25.09.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, October 23rd. The chip maker reported $0.23 EPS for the quarter. Intel had a net margin of 0.37% and a negative return on equity of 0.75%. The business had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.10 billion. During the same quarter in the prior year, the firm posted ($0.46) earnings per share. The business’s quarterly 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. On average, sell-side analysts forecast that Intel Corporation will post -0.11 EPS for the current year.

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.