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Intel lost $0.10 per share in Q2, missed estimates, and faces a "Reduce" stock rating despite slightly higher revenue.
Moss Adams Wealth Advisors LLC increased its stake in Intel by 6.5% in Q2, now holding 12,474 shares worth about $279,000, while Signaturefd LLC reduced its position by 37.7%.
Institutional investors collectively own 64.53% of Intel.
The company reported a Q2 loss of $0.10 per share, missing estimates, though revenue of $12.86 billion slightly exceeded forecasts.
Intel’s net margin was negative at 38.64%, and it posted a negative return on equity of 3.78%.
The stock trades at $34.48 with a "Reduce" consensus rating and a target price of $26.19.
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Intel perdió $ 0.10 por acción en el segundo trimestre, no cumplió con las estimaciones y enfrenta una calificación de acciones "Reducir" a pesar de unos ingresos ligeramente más altos.