Intel Corporation $INTC Position Trimmed by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. trimmed its holdings in shares of Intel Corporation (NASDAQ:INTC) by 29.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,216 shares of the chip maker’s stock after selling 18,235 shares during the period. First Citizens Bank & Trust Co.’s holdings in Intel were worth $990,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Westbourne Investments Inc. boosted its holdings in Intel by 319.4% during the first quarter. Westbourne Investments Inc. now owns 71,425 shares of the chip maker’s stock worth $1,622,000 after buying an additional 54,395 shares in the last quarter. Pacific Wealth Management bought a new stake in Intel during the second quarter worth approximately $1,593,000. First Bancorp Inc ME bought a new stake in Intel during the second quarter worth approximately $207,000. KLP Kapitalforvaltning AS boosted its holdings in Intel by 6.4% during the second quarter. KLP Kapitalforvaltning AS now owns 1,558,908 shares of the chip maker’s stock worth $34,920,000 after buying an additional 93,900 shares in the last quarter. Finally, LBP AM SA boosted its holdings in Intel by 1.8% during the second quarter. LBP AM SA now owns 734,813 shares of the chip maker’s stock worth $16,460,000 after buying an additional 13,248 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Intel Stock Up 0.3%

INTC stock opened at $38.28 on Friday. Intel Corporation has a 12-month low of $17.67 and a 12-month high of $41.12. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. The company has a market cap of $167.55 billion, a price-to-earnings ratio of 3,831.83 and a beta of 1.33. The company has a 50 day moving average of $30.37 and a two-hundred day moving average of $24.32.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, October 23rd. The chip maker reported $0.23 earnings per share (EPS) for the quarter. Intel had a net margin of 0.37% and a negative return on equity of 0.77%. The company had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.10 billion. During the same quarter in the prior year, the firm earned ($0.46) EPS. The company’s revenue was up 3.0% compared to the same quarter last year. Intel has set its Q4 2025 guidance at 0.080-0.080 EPS. On average, equities analysts anticipate that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

INTC has been the subject of a number of recent analyst reports. DZ Bank reaffirmed a “sell” rating on shares of Intel in a research note on Friday, September 19th. UBS Group raised their price objective on shares of Intel from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, October 6th. Evercore ISI raised their price objective on shares of Intel from $23.00 to $41.10 in a research note on Friday. Wall Street Zen raised shares of Intel from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Finally, TD Cowen raised their price objective on shares of Intel from $35.00 to $38.00 and gave the stock a “hold” rating in a research note on Friday. Two investment analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and eight have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $33.10.

Intel Company 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.