Farmers Trust Co. Reduces Position in Intel Corporation $INTC

Farmers Trust Co. reduced its position in shares of Intel Corporation (NASDAQ:INTC) by 31.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,705 shares of the chip maker’s stock after selling 6,636 shares during the period. Farmers Trust Co.’s holdings in Intel were worth $329,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of INTC. Nuveen LLC purchased a new stake in Intel during the 1st quarter worth about $538,430,000. Kingstone Capital Partners Texas LLC acquired a new stake in Intel during the second quarter worth approximately $345,245,000. Price T Rowe Associates Inc. MD lifted its position in shares of Intel by 99.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,829,385 shares of the chip maker’s stock worth $677,426,000 after buying an additional 14,901,457 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Intel by 133.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 18,758,658 shares of the chip maker’s stock valued at $426,009,000 after buying an additional 10,719,274 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of Intel by 86.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 22,705,050 shares of the chip maker’s stock valued at $508,593,000 after buying an additional 10,523,590 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Stock Performance

Shares of NASDAQ:INTC opened at $29.34 on Wednesday. The company has a market cap of $128.42 billion, a P/E ratio of -6.15 and a beta of 1.23. Intel Corporation has a one year low of $17.67 and a one year high of $32.38. The business’s 50-day simple moving average is $23.53 and its 200 day simple moving average is $22.13. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.24.

Intel (NASDAQ:INTC) last issued its quarterly earnings data 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 analyst estimates of $11.88 billion. During the same quarter in the prior year, the firm earned $0.02 EPS. The business’s quarterly revenue was up .5% compared to the same quarter last year. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. On average, sell-side analysts forecast that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on INTC shares. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research report on Friday, July 25th. Benchmark raised Intel from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Friday, September 19th. Mizuho lifted their target price on shares of Intel from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, July 3rd. Citigroup reiterated a “sell” rating and set a $29.00 price target (up previously from $24.00) on shares of Intel in a research note on Friday, September 19th. Finally, Northland Securities raised their price objective on shares of Intel from $28.00 to $42.00 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 six have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $25.23.

Intel 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.