Florida Trust Wealth Management Co Reduces Stock Position in Intel Corporation $INTC

Florida Trust Wealth Management Co lessened its holdings in Intel Corporation (NASDAQ:INTC) by 17.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 61,281 shares of the chip maker’s stock after selling 13,183 shares during the quarter. Florida Trust Wealth Management Co’s holdings in Intel were worth $8,557,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. EnRich Financial Partners LLC purchased a new position in Intel in the 2nd quarter worth about $284,000. Turtle Creek Wealth Advisors LLC boosted its position in Intel by 22.2% in the 2nd quarter. Turtle Creek Wealth Advisors LLC now owns 47,542 shares of the chip maker’s stock valued at $6,634,000 after buying an additional 8,636 shares during the period. Invictus Private Wealth LLC bought a new position in Intel in the 2nd quarter worth about $13,077,000. Ibex Wealth Advisors bought a new position in Intel in the 2nd quarter worth about $12,746,000. Finally, Values Added Financial LLC purchased a new position in shares of Intel during the second quarter worth approximately $354,000. 64.53% of the stock is currently owned by institutional investors.

Intel Stock Down 2.0%

Intel stock opened at $102.50 on Friday. Intel Corporation has a 1-year low of $22.77 and a 1-year high of $142.35. The business has a fifty day moving average price of $110.26 and a 200-day moving average price of $83.29. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 1.25. The stock has a market capitalization of $517.01 billion, a price-to-earnings ratio of -48.58 and a beta of 2.22.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, July 23rd. The chip maker reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.21. Intel had a positive return on equity of 2.62% and a negative net margin of 19.79%.The company had revenue of $16.13 billion for the quarter, compared to analyst estimates of $14.43 billion. During the same period in the prior year, the company posted ($0.10) EPS. The firm’s quarterly revenue was up 25.2% compared to the same quarter last year. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. Equities research analysts forecast that Intel Corporation will post 1.01 EPS for the current fiscal year.

Insider Activity

In related news, CEO Lip Bu Tan acquired 105,263 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average price of $95.00 per share, for a total transaction of $9,999,985.00. Following the completion of the acquisition, the chief executive officer directly owned 1,314,669 shares in the company, valued at $124,893,555. The trade was a 8.70% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.05% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

INTC has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $100.00 price target on shares of Intel in a research note on Tuesday, May 12th. Robert W. Baird raised their price objective on Intel from $75.00 to $125.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Truist Financial lifted their target price on Intel from $81.00 to $108.00 and gave the company a “hold” rating in a research report on Friday, July 24th. JPMorgan Chase & Co. upped their target price on Intel from $45.00 to $85.00 and gave the stock an “underweight” rating in a report on Friday, July 24th. Finally, KeyCorp set a $125.00 price target on Intel in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, thirty-two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $107.85.

Key Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: CEO Lip-Bu Tan purchased 105,263 Intel shares at $95 each, investing approximately $10 million and increasing his direct stake by 8.7%. The purchase is viewed as a vote of confidence in Intel’s recovery strategy. Intel insider purchase filing
• Positive Sentiment: Analyst and media coverage highlighted Intel’s approximately $20 billion equity raise as potential funding for expanded foundry capacity, production growth and new customer wins. Some analysts believe demand for Intel’s server processors is currently exceeding its manufacturing capacity. Intel foundry capital raise article
• Positive Sentiment: Intel’s second-quarter results showed strong momentum: revenue rose roughly 25% year over year to $16.1 billion, with Data Center and AI revenue reportedly increasing 59%. The results exceeded analyst expectations and reinforced the AI-related CPU growth narrative. Intel revenue growth article
• Neutral Sentiment: Intel is considering a return to the memory-chip market, supported by the capital raise and the appointment of former SK Hynix CEO Seok-Hee Lee to Intel Foundry. The opportunity could expand Intel’s addressable market, but the plan remains exploratory and would require substantial investment. Intel memory market article
• Negative Sentiment: The $20 billion common-stock offering creates significant dilution for existing shareholders and has encouraged profit-taking after Intel’s substantial rally. Investors are also focused on whether management can convert the new capital into profitable foundry growth and sustained free cash flow. Intel stock offering discussion

About Intel

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.