Penobscot Investment Management Company Inc. Reduces Stock Position in Intel Corporation $INTC

Penobscot Investment Management Company Inc. cut its stake in Intel Corporation (NASDAQ:INTC) by 6.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,129 shares of the chip maker’s stock after selling 2,450 shares during the period. Penobscot Investment Management Company Inc.’s holdings in Intel were worth $764,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position 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. Northern Trust Corp grew its position in shares of Intel by 0.3% in 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 purchasing an additional 158,288 shares during the last quarter. Invesco Ltd. grew its position in shares of Intel by 1.3% in the first quarter. Invesco Ltd. now owns 43,651,076 shares of the chip maker’s stock valued at $991,316,000 after purchasing an additional 562,246 shares during the last quarter. Amundi grew its position in shares of Intel by 22.0% in the first quarter. Amundi now owns 37,878,097 shares of the chip maker’s stock valued at $849,606,000 after purchasing an additional 6,829,690 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Intel by 3.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 35,025,596 shares of the chip maker’s stock valued at $795,431,000 after purchasing an additional 1,086,836 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Benchmark upgraded shares of Intel from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Friday, September 19th. Mizuho increased their price target on shares of Intel from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, July 3rd. Loop Capital initiated coverage on shares of Intel in a research report on Monday, July 21st. They set a “hold” rating and a $25.00 target price on the stock. Roth Capital restated a “neutral” rating and set a $30.00 target price on shares of Intel in a research report on Thursday, September 18th. Finally, JPMorgan Chase & Co. restated a “sell” rating and set a $21.00 target price on shares of Intel in a research report on Friday, September 19th. Two research analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $26.19.

Intel Stock Performance

Shares of INTC stock opened at $36.83 on Friday. The company’s fifty day simple moving average is $25.47 and its 200-day simple moving average is $22.79. Intel Corporation has a 52 week low of $17.67 and a 52 week high of $38.08. The company has a current ratio of 1.24, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42. The company has a market cap of $161.20 billion, a PE ratio of -7.72 and a beta of 1.33.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, July 24th. The chip maker reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.11). Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The business had revenue of $12.86 billion during the quarter, compared to analysts’ expectations of $11.88 billion. During the same period in the prior year, the business posted $0.02 EPS. The business’s revenue was up .5% on a year-over-year basis. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. As a group, equities research analysts anticipate that Intel Corporation will post -0.11 EPS for the current year.

Intel 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.