Intel Corporation $INTC Shares Sold by Mechanics Financial Corp

Mechanics Financial Corp lessened its stake in shares of Intel Corporation (NASDAQ:INTC) by 10.7% during the second quarter, Holdings Channel.com reports. The fund owned 5,825 shares of the chip maker’s stock after selling 700 shares during the period. Mechanics Financial Corp’s holdings in Intel were worth $130,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in INTC. NBC Securities Inc. grew its position in Intel by 114,936.4% in the first quarter. NBC Securities Inc. now owns 12,654 shares of the chip maker’s stock worth $287,000 after buying an additional 12,643 shares during the last quarter. Merit Financial Group LLC grew its position in Intel by 17.0% in the first quarter. Merit Financial Group LLC now owns 78,108 shares of the chip maker’s stock worth $1,774,000 after buying an additional 11,372 shares during the last quarter. RFG Advisory LLC grew its position in Intel by 53.6% in the first quarter. RFG Advisory LLC now owns 75,988 shares of the chip maker’s stock worth $1,726,000 after buying an additional 26,527 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its position in Intel by 32.7% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 18,455 shares of the chip maker’s stock worth $419,000 after buying an additional 4,549 shares during the last quarter. Finally, Apella Capital LLC grew its position in Intel by 20.1% in the first quarter. Apella Capital LLC now owns 14,362 shares of the chip maker’s stock worth $309,000 after buying an additional 2,405 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Up 3.8%

INTC stock opened at $37.30 on Friday. The company has a current ratio of 1.24, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42. Intel Corporation has a 1 year low of $17.67 and a 1 year high of $37.57. The company has a fifty day simple moving average of $25.14 and a 200 day simple moving average of $22.72. The firm has a market cap of $163.26 billion, a PE ratio of -7.82 and a beta of 1.33.

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. New Street Research lifted their price objective on shares of Intel from $23.00 to $32.00 in a research report on Friday, September 19th. 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. Benchmark upgraded shares of Intel from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research report on Friday, September 19th. Wall Street Zen upgraded shares of Intel from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Finally, DZ Bank reiterated a “sell” rating on shares of Intel in a research report on Friday, September 19th. Two research analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Intel presently has a consensus rating of “Reduce” and a consensus price target of $26.19.

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.