Comerica Bank Reduces Stake in Intel Corporation $INTC

Comerica Bank reduced its position in Intel Corporation (NASDAQ:INTC) by 2.7% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,020,741 shares of the chip maker’s stock after selling 28,538 shares during the period. Comerica Bank’s holdings in Intel were worth $23,181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of INTC. Nuveen LLC purchased a new position in Intel during the first quarter valued at $538,430,000. Price T Rowe Associates Inc. MD lifted its position in Intel by 99.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,829,385 shares of the chip maker’s stock valued at $677,426,000 after purchasing an additional 14,901,457 shares in the last quarter. Two Sigma Advisers LP purchased a new position in Intel during the fourth quarter valued at $289,752,000. Two Sigma Investments LP purchased a new position in Intel during the fourth quarter valued at $237,457,000. Finally, Goldman Sachs Group Inc. lifted its position in Intel by 133.3% during the first quarter. Goldman Sachs Group Inc. now owns 18,758,658 shares of the chip maker’s stock valued at $426,009,000 after purchasing an additional 10,719,274 shares in the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

INTC has been the topic of a number of recent analyst reports. Stifel Nicolaus raised their price target on Intel from $21.00 to $24.50 and gave the company a “hold” rating in a report on Monday, July 21st. Seaport Res Ptn raised Intel to a “strong sell” rating in a report on Wednesday, April 30th. Rosenblatt Securities reissued a “sell” rating and set a $14.00 price target on shares of Intel in a report on Friday, July 25th. Sanford C. Bernstein reissued a “market perform” rating on shares of Intel in a report on Tuesday, August 19th. Finally, Citigroup reissued a “hold” rating on shares of Intel in a report on Tuesday, July 8th. One research analyst has rated the stock with a Buy rating, twenty-three have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $22.17.

Intel Stock Up 5.5%

Shares of NASDAQ INTC opened at $24.80 on Monday. The stock has a 50 day moving average price of $22.15 and a 200 day moving average price of $21.73. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.24. The firm has a market capitalization of $108.55 billion, a price-to-earnings ratio of -5.20 and a beta of 1.22. Intel Corporation has a 52-week low of $17.67 and a 52-week high of $27.55.

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

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.