Janney Montgomery Scott LLC has reduced its stake in Intel Corporation (NASDAQ: INTC) by 2.9% during the second quarter of 2023. According to the latest Form 13F filing with the Securities and Exchange Commission, the firm now holds 543,867 shares of the semiconductor giant after selling 16,277 shares during this period. With this adjustment, Janney Montgomery Scott’s holdings in Intel are valued at approximately $12,183,000.
Other institutional investors have also made significant changes to their positions in Intel recently. Westbourne Investments Inc. increased its stake by an impressive 319.4% in the first quarter, now owning 71,425 shares valued at $1,622,000 after acquiring an additional 54,395 shares. Similarly, Swedbank AB raised its holdings by 5.0% during the second quarter, now holding 9,467,128 shares valued at $212,064,000 following the purchase of 454,234 shares.
The Czech National Bank also lifted its stake by 7.2%, bringing its total holdings to 1,066,599 shares valued at $23,892,000. Meanwhile, CHICAGO TRUST Co NA increased its holdings by 48.3% during the same quarter, now owning 43,742 shares worth $980,000. Additionally, Ariose Capital Management Ltd. established a new position in Intel valued at about $2,168,000. Collectively, institutional investors now own 64.53% of Intel’s stock.
Intel’s Financial Performance and Market Position
As of the latest trading session, Intel’s stock opened at $36.83. The company has experienced a twelve-month low of $17.67 and a high of $38.08. Key financial metrics indicate a debt-to-equity ratio of 0.42, a quick ratio of 0.92, and a current ratio of 1.24. Intel’s market capitalization stands at $161.20 billion, with a price-to-earnings (PE) ratio of -7.72 and a beta of 1.33. The stock’s 50-day simple moving average is $25.47, while the 200-day moving average is $22.80.
Intel’s most recent earnings report, released on July 24, 2023, revealed a loss of ($0.10) earnings per share (EPS), falling short of the consensus estimate of $0.01 by ($0.11). The company’s return on equity was negative at -3.78%, and its net margin was also negative at -38.64%. Intel reported quarterly revenue of $12.86 billion, surpassing analyst expectations of $11.88 billion. Year-over-year, revenue increased by 0.5%. Looking ahead, Intel has projected a Q3 2025 EPS guidance of 0.000-0.000.
Analyst Ratings and Market Outlook
Recent assessments from financial analysts reflect a cautious outlook for Intel. Citigroup reiterated a “sell” rating with a revised price target of $29.00, up from $24.00. Similarly, JPMorgan Chase & Co. maintained a “sell” rating with a price objective of $21.00. On the other hand, Wall Street Zen upgraded Intel from a “sell” to a “hold” rating. DZ Bank also reaffirmed a “sell” rating, while Stifel Nicolaus raised its price target from $21.00 to $24.50 and maintained a “hold” rating.
Among analysts, two have issued a Buy rating, twenty-four have assigned a Hold rating, and six have given a Sell rating. According to MarketBeat, Intel’s stock currently holds a consensus rating of “Reduce” with a target price of $26.19.
Intel Corporation operates globally, designing and manufacturing a range of computing products and services. Its business segments include Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services. The company’s product offerings encompass central processing units (CPUs), chipsets, graphics processing units (GPUs), memory and storage solutions, and other semiconductor products.
