Praxis Investment Management Inc. Sells 16,480 Shares of Intel Corporation $INTC

Praxis Investment Management Inc. trimmed its stake in Intel Corporation (NASDAQ:INTC) by 14.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 97,808 shares of the chip maker’s stock after selling 16,480 shares during the period. Praxis Investment Management Inc.’s holdings in Intel were worth $3,281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. Northwest & Ethical Investments L.P. bought a new stake in Intel during the 1st quarter valued at $551,000. Algert Global LLC grew its holdings in Intel by 381.1% during the 1st quarter. Algert Global LLC now owns 84,808 shares of the chip maker’s stock worth $1,926,000 after acquiring an additional 67,179 shares in the last quarter. TriaGen Wealth Management LLC purchased a new position in Intel during the 1st quarter valued at about $2,185,000. Brooklyn Investment Group raised its holdings in shares of Intel by 136.7% in the 1st quarter. Brooklyn Investment Group now owns 21,414 shares of the chip maker’s stock valued at $486,000 after purchasing an additional 12,368 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Intel by 0.3% during the first quarter. Northern Trust Corp now owns 45,969,843 shares of the chip maker’s stock valued at $1,043,975,000 after purchasing an additional 158,288 shares in the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on INTC shares. Cantor Fitzgerald boosted their price objective on shares of Intel from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, October 20th. Deutsche Bank Aktiengesellschaft lifted their price target on Intel from $30.00 to $35.00 and gave the company a “hold” rating in a report on Friday, October 24th. Citigroup restated a “sell” rating on shares of Intel in a research note on Friday, December 5th. Roth Capital lifted their target price on Intel from $30.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Finally, Barclays increased their price target on shares of Intel from $25.00 to $35.00 and gave the company an “equal weight” rating in a research report on Friday, October 24th. Two investment analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and eight have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $34.84.

Intel Price Performance

Shares of INTC stock opened at $37.81 on Monday. The firm has a market capitalization of $180.62 billion, a price-to-earnings ratio of 3,784.78 and a beta of 1.34. Intel Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $44.02. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.25 and a current ratio of 1.60. The stock’s 50-day simple moving average is $38.07 and its 200-day simple moving average is $28.83.

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