First Citizens Bank & Trust Co. Grows Holdings in Intel Corporation $INTC

First Citizens Bank & Trust Co. boosted its position in shares of Intel Corporation (NASDAQ:INTC) by 19.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,853 shares of the chip maker’s stock after acquiring an additional 8,400 shares during the period. First Citizens Bank & Trust Co.’s holdings in Intel were worth $2,244,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Westpac Banking Corp lifted its stake in shares of Intel by 47.0% during the 1st quarter. Westpac Banking Corp now owns 80,230 shares of the chip maker’s stock valued at $3,541,000 after buying an additional 25,665 shares in the last quarter. First Wilshire Securities Management Inc. purchased a new stake in Intel in the 1st quarter worth $221,000. Himension Capital Singapore PTE. LTD. increased its stake in Intel by 67.0% in the 1st quarter. Himension Capital Singapore PTE. LTD. now owns 1,869,740 shares of the chip maker’s stock worth $82,512,000 after buying an additional 750,428 shares in the last quarter. Danica Pension Livsforsikringsaktieselskab bought a new stake in Intel during the first quarter valued at about $8,378,000. Finally, Bellwether Advisors LLC bought a new stake in Intel during the first quarter valued at about $1,511,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Insider Buying and Selling at Intel

In related news, EVP Boise April Miller sold 40,256 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $99.53, for a total value of $4,006,679.68. Following the sale, the executive vice president owned 105,077 shares in the company, valued at approximately $10,458,313.81. The trade was a 27.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on INTC shares. Moffett Nathanson lowered Intel to a “neutral” rating in a research note on Thursday, June 11th. Susquehanna lifted their target price on Intel from $80.00 to $115.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Wells Fargo & Company boosted their price target on Intel from $85.00 to $110.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. HSBC reissued a “buy” rating and issued a $200.00 price target on shares of Intel in a report on Thursday, July 2nd. Finally, New Street Research increased their price objective on shares of Intel from $100.00 to $122.00 in a report on Friday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twenty-nine have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Intel presently has a consensus rating of “Hold” and an average price target of $102.77.

Intel News Roundup

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel’s foundry business landed its first named outside customer under CEO Lip-Bu Tan, with Fortinet signing on to use Intel Foundry for its Security Processor 6 on Intel 4. The announcement also reinforced the idea that Intel is gaining traction in contract manufacturing. Intel’s foundry lands first named customer under CEO Lip-Bu Tan, as Fortinet signs on for security chips
• Positive Sentiment: Analyst and market commentary turned more constructive ahead of earnings, with reports citing stronger server demand, pricing gains, and a likely Q2 revenue beat. Several funds were also said to be buying Intel stock ahead of the results. Wedbush delivers bold verdict on Intel stock ahead of earnings
• Positive Sentiment: Intel also benefited from a broader chip rebound and optimism around AI demand, with several stories suggesting its turnaround, foundry efforts, and AI infrastructure exposure could support upside if Thursday’s report confirms momentum. Intel results test if AI-fueled rally has room to run
• Neutral Sentiment: There were also reports that Intel is seeking a partner for its Ohio chip fab, rather than selling it outright, and SK hynix quickly denied acquisition talks. That kept the rumor mill active but did not create a clear new strategic catalyst. Intel mulls partnership for Ohio chip fab, SK Hynix among candidates – report
• Negative Sentiment: Pressure remains from a sluggish PC market, high expectations after a huge year-to-date run, and reports of fresh data-center layoffs as CEO Lip-Bu Tan continues restructuring. Investors appear concerned that earnings may need to be very strong to justify the recent rally. Intel plans layoffs within its data center group

Intel Trading Down 2.7%

Shares of INTC stock opened at $102.62 on Thursday. Intel Corporation has a 12-month low of $18.97 and a 12-month high of $142.35. The company has a current ratio of 2.31, a quick ratio of 1.85 and a debt-to-equity ratio of 0.34. The stock’s 50-day moving average price is $116.48 and its 200-day moving average price is $77.54. The stock has a market capitalization of $515.77 billion, a price-to-earnings ratio of -165.51 and a beta of 2.18.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, April 23rd. The chip maker reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.28. Intel had a positive return on equity of 0.39% and a negative net margin of 5.90%.The company had revenue of $13.58 billion for the quarter, compared to the consensus estimate of $12.32 billion. During the same period in the previous year, the business earned $0.13 earnings per share. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. Equities research analysts predict that Intel Corporation will post 0.65 EPS for the current fiscal year.

Intel Profile

Intel Corporation, founded in 1968 by Robert Noyce and Gordon E. Moore and headquartered in Santa Clara, California, is a leading global designer and manufacturer of semiconductor products. The company is historically notable for introducing the first commercial microprocessor and for driving the x86 architecture that underpins many personal computers and servers. Intel’s core business spans the design, fabrication and marketing of processors, chipsets and related components for a wide range of computing applications.

Intel’s product portfolio includes client and mobile processors marketed under brands such as Intel Core and Pentium, as well as high-performance Xeon processors for data centers and cloud infrastructure.