Finer Wealth Management Inc. Sells 75,425 Shares of Intel Corporation $INTC

Finer Wealth Management Inc. trimmed its position in Intel Corporation (NASDAQ:INTC) by 80.6% during the second quarter, Holdings Channel reports. The firm owned 18,202 shares of the chip maker’s stock after selling 75,425 shares during the quarter. Finer Wealth Management Inc.’s holdings in Intel were worth $408,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of INTC. Cary Street Partners Investment Advisory LLC lifted its position in shares of Intel by 23.1% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 2,614 shares of the chip maker’s stock valued at $59,000 after buying an additional 491 shares during the last quarter. Westwood Holdings Group Inc. bought a new stake in Intel in the 1st quarter valued at $16,424,000. Intrust Bank NA lifted its holdings in Intel by 57.9% during the 1st quarter. Intrust Bank NA now owns 16,050 shares of the chip maker’s stock valued at $364,000 after purchasing an additional 5,886 shares during the last quarter. Natural Investments LLC bought a new position in Intel during the first quarter worth $229,000. Finally, Vanguard Group Inc. increased its holdings in shares of Intel by 2.2% in the first quarter. Vanguard Group Inc. now owns 377,390,437 shares of the chip maker’s stock valued at $8,570,537,000 after purchasing an additional 8,291,233 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on INTC shares. Benchmark raised their target price on shares of Intel from $43.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Cantor Fitzgerald raised their price objective on shares of Intel from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, October 20th. New Street Research boosted their price objective on Intel from $23.00 to $32.00 in a report on Friday, September 19th. Truist Financial increased their target price on Intel from $21.00 to $39.00 and gave the stock a “hold” rating in a research note on Friday, October 24th. Finally, Wells Fargo & Company lifted their price target on Intel from $30.00 to $45.00 and gave the stock an “equal weight” rating in a report on Friday, October 24th. Two investment analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and eight have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $34.84.

Intel Stock Down 7.4%

NASDAQ INTC opened at $40.50 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.38. The company has a market cap of $193.47 billion, a price-to-earnings ratio of 4,054.05 and a beta of 1.34. The company has a 50 day moving average of $37.54 and a 200-day moving average of $27.91. Intel Corporation has a 1-year low of $17.67 and a 1-year high of $44.02.

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

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.