American Century Companies Inc. Reduces Stock Position in Intel Corporation $INTC

American Century Companies Inc. decreased its position in Intel Corporation (NASDAQ:INTC) by 51.4% during the second quarter, Holdings Channel.com reports. The fund owned 728,290 shares of the chip maker’s stock after selling 770,810 shares during the quarter. American Century Companies Inc.’s holdings in Intel were worth $16,314,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Federated Hermes Inc. raised its holdings in shares of Intel by 2.1% during the first quarter. Federated Hermes Inc. now owns 166,238 shares of the chip maker’s stock valued at $3,775,000 after acquiring an additional 3,481 shares in the last quarter. Advyzon Investment Management LLC purchased a new position in Intel during the 1st quarter valued at $333,000. Costello Asset Management INC raised its holdings in Intel by 2,355.4% in the 1st quarter. Costello Asset Management INC now owns 2,480 shares of the chip maker’s stock worth $56,000 after purchasing an additional 2,379 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its holdings in Intel by 23.1% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 2,614 shares of the chip maker’s stock worth $59,000 after purchasing an additional 491 shares in the last quarter. Finally, Maxi Investments CY Ltd lifted its position in shares of Intel by 162.9% in the 1st quarter. Maxi Investments CY Ltd now owns 67,017 shares of the chip maker’s stock worth $1,522,000 after purchasing an additional 41,530 shares during the period. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Intel from $21.00 to $30.00 and gave the stock an “underweight” rating in a research note on Friday, October 24th. Evercore ISI upped their target price on Intel from $23.00 to $41.10 in a report on Friday, October 24th. Tigress Financial raised their target price on Intel from $45.00 to $52.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. UBS Group upped their price target on Intel from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, October 6th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Intel in a report on Friday, October 24th. Two research analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and eight have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and an average target price of $34.84.

Intel Stock Performance

Shares of INTC stock opened at $43.47 on Wednesday. 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 company has a 50 day moving average price of $37.16 and a 200-day moving average price of $27.71. Intel Corporation has a 52 week low of $17.67 and a 52 week high of $43.68. The firm has a market capitalization of $207.66 billion, a PE ratio of 4,351.35 and a beta of 1.31.

Intel (NASDAQ:INTC) last issued its 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 for 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 firm’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 research analysts expect that Intel Corporation will post -0.11 earnings per share 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.