Praxis Investment Management Inc. Lowers Holdings in Intel Corporation $INTC

by · The Cerbat Gem

Praxis Investment Management Inc. trimmed its holdings in Intel Corporation (NASDAQ:INTC – Free Report) by 14.4% in the 3rd quarter, according to 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 quarter. Praxis Investment Management Inc.’s holdings in Intel were worth $3,281,000 as of its most recent SEC filing.

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

Intel Trading Down 4.3%

Shares of INTC opened at $37.81 on Monday. The company’s fifty day simple moving average is $38.07 and its 200-day simple moving average is $28.83. The company has a market cap of $180.62 billion, a P/E ratio of 3,784.78 and a beta of 1.34. The company has a current ratio of 1.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.38. Intel Corporation has a twelve month low of $17.67 and a twelve month high of $44.02.

Intel (NASDAQ:INTC – Get Free Report) last issued its quarterly earnings results on Thursday, October 23rd. The chip maker reported $0.23 EPS for the quarter. Intel had a net margin of 0.37% and a negative return on equity of 0.75%. The company had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.10 billion. During the same period in the prior year, the firm posted ($0.46) EPS. The firm’s 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. As a group, analysts expect that Intel Corporation will post -0.11 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on INTC. Morgan Stanley lifted their price objective on Intel from $23.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Monday, October 20th. Loop Capital raised their target price on shares of Intel from $25.00 to $40.00 and gave the company a “hold” rating in a report on Friday, October 24th. Truist Financial upped their price target on shares of Intel from $21.00 to $39.00 and gave the company a “hold” rating in a research note on Friday, October 24th. Erste Group Bank upgraded shares of Intel from a “sell” rating to a “hold” rating in a research report on Monday, September 22nd. Finally, Northland Securities boosted their target price on shares of Intel from $28.00 to $42.00 in a report on Friday, September 19th. Two equities research 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 company. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $34.84.

View Our Latest Research Report on INTC

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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