Intel Corporation $INTC Shares Sold by Texas Permanent School Fund Corp

by · The Cerbat Gem

Texas Permanent School Fund Corp lowered its position in Intel Corporation (NASDAQ:INTC – Free Report) by 23.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 361,139 shares of the chip maker’s stock after selling 109,444 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Intel were worth $8,090,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Bank of Nova Scotia increased its holdings in Intel by 2.3% in the second quarter. Bank of Nova Scotia now owns 2,332,433 shares of the chip maker’s stock valued at $52,246,000 after buying an additional 51,383 shares during the last quarter. Norges Bank purchased a new stake in Intel during the 2nd quarter worth about $1,579,378,000. Engineers Gate Manager LP boosted its position in shares of Intel by 91.8% during the 2nd quarter. Engineers Gate Manager LP now owns 765,091 shares of the chip maker’s stock worth $17,138,000 after acquiring an additional 366,092 shares in the last quarter. Isthmus Partners LLC increased its holdings in shares of Intel by 100.1% in the 2nd quarter. Isthmus Partners LLC now owns 247,660 shares of the chip maker’s stock valued at $5,548,000 after acquiring an additional 123,895 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Intel by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 385,903,735 shares of the chip maker’s stock worth $8,644,244,000 after acquiring an additional 8,513,298 shares in the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

INTC has been the subject of a number of research analyst reports. Bank of America reaffirmed an “underperform” rating and issued a $34.00 price target on shares of Intel in a report on Monday, October 13th. Sanford C. Bernstein restated a “neutral” rating on shares of Intel in a report on Tuesday, November 18th. Wall Street Zen raised shares of Intel from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Seaport Res Ptn upgraded shares of Intel from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 24th. Finally, Roth Capital boosted their price target on shares of Intel from $30.00 to $40.00 and gave the company a “neutral” rating in a research 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $34.84.

Get Our Latest Research Report on Intel

Intel Trading Down 0.8%

Shares of Intel stock opened at $37.51 on Tuesday. 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 company has a market capitalization of $179.19 billion, a P/E ratio of 3,754.75 and a beta of 1.34. Intel Corporation has a 1 year low of $17.67 and a 1 year high of $44.02. The company’s fifty day moving average is $38.09 and its two-hundred day moving average is $28.95.

Intel (NASDAQ:INTC – Get Free Report) last announced its earnings results on Thursday, October 23rd. The chip maker reported $0.23 earnings per share 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 during the quarter, compared to the consensus estimate of $13.10 billion. During the same quarter in the prior year, the firm earned ($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. Analysts forecast that Intel Corporation will post -0.11 earnings per share for the current year.

Intel Company Profile

(Free Report)

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.

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