Folger Nolan Fleming Douglas Capital Management Inc. Cuts Holdings in Intel Corporation $INTC

Folger Nolan Fleming Douglas Capital Management Inc. trimmed its holdings in Intel Corporation (NASDAQ:INTC) by 1.8% in the second quarter, HoldingsChannel reports. The fund owned 34,883 shares of the chip maker’s stock after selling 650 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Intel were worth $781,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Trust Co. of Toledo NA OH boosted its holdings in shares of Intel by 1.8% in the second quarter. Trust Co. of Toledo NA OH now owns 38,786 shares of the chip maker’s stock worth $869,000 after buying an additional 675 shares during the last quarter. Aberdeen Group plc lifted its holdings in Intel by 8.4% during the second quarter. Aberdeen Group plc now owns 4,032,112 shares of the chip maker’s stock valued at $90,904,000 after purchasing an additional 313,870 shares in the last quarter. PDS Planning Inc lifted its holdings in Intel by 5.7% during the second quarter. PDS Planning Inc now owns 19,486 shares of the chip maker’s stock valued at $436,000 after purchasing an additional 1,053 shares in the last quarter. IFP Advisors Inc lifted its holdings in Intel by 13.1% during the second quarter. IFP Advisors Inc now owns 167,061 shares of the chip maker’s stock valued at $3,742,000 after purchasing an additional 19,306 shares in the last quarter. Finally, Callan Family Office LLC raised its position in shares of Intel by 436.1% during the second quarter. Callan Family Office LLC now owns 63,621 shares of the chip maker’s stock valued at $1,425,000 after buying an additional 51,753 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

INTC has been the topic of several recent analyst reports. Rosenblatt Securities reiterated a “sell” rating and set a $14.00 price objective on shares of Intel in a research report on Friday, July 25th. Stifel Nicolaus boosted their price target on shares of Intel from $21.00 to $24.50 and gave the stock a “hold” rating in a research report on Monday, July 21st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Intel from $23.00 to $30.00 and gave the company a “hold” rating in a research report on Monday, September 29th. New Street Research boosted their price objective on shares of Intel from $23.00 to $32.00 in a research report on Friday, September 19th. Finally, JPMorgan Chase & Co. reiterated a “sell” rating and set a $21.00 price objective on shares of Intel in a research report on Friday, September 19th. Two equities research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and seven have assigned a Sell rating to the company. According to MarketBeat, Intel has a consensus rating of “Reduce” and a consensus price target of $26.63.

Intel Stock Down 3.6%

NASDAQ:INTC opened at $36.44 on Friday. The firm has a market cap of $159.49 billion, a PE ratio of -7.64 and a beta of 1.33. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.92. The company has a 50-day moving average of $27.17 and a 200 day moving average of $23.24. Intel Corporation has a 1-year low of $17.67 and a 1-year high of $39.65.

Intel (NASDAQ:INTC) last announced 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 return on equity of 3.78% and a negative net margin of 38.64%.The firm had revenue of $12.86 billion during the quarter, compared to the consensus estimate of $11.88 billion. During the same quarter in the prior year, the firm posted $0.02 earnings per share. The business’s revenue for the quarter was up .5% compared to the same quarter last year. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. As a group, research analysts anticipate that Intel Corporation will post -0.11 EPS for the current fiscal year.

About Intel

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.