Grimes & Company Inc. Sells 20,176 Shares of Intel Corporation $INTC

Grimes & Company Inc. decreased its stake in shares of Intel Corporation (NASDAQ:INTC) by 25.3% during the second quarter, HoldingsChannel reports. The firm owned 59,631 shares of the chip maker’s stock after selling 20,176 shares during the quarter. Grimes & Company Inc.’s holdings in Intel were worth $1,336,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Keudell Morrison Wealth Management lifted its holdings in Intel by 2.9% in the second quarter. Keudell Morrison Wealth Management now owns 30,804 shares of the chip maker’s stock worth $690,000 after buying an additional 855 shares during the period. Beacon Financial Advisory LLC raised its position in shares of Intel by 7.3% in the 2nd quarter. Beacon Financial Advisory LLC now owns 9,713 shares of the chip maker’s stock worth $218,000 after acquiring an additional 660 shares in the last quarter. IVC Wealth Advisors LLC lifted its stake in shares of Intel by 6.1% in the 2nd quarter. IVC Wealth Advisors LLC now owns 21,325 shares of the chip maker’s stock valued at $478,000 after purchasing an additional 1,232 shares during the period. Berger Financial Group Inc boosted its position in shares of Intel by 5.4% during the second quarter. Berger Financial Group Inc now owns 10,517 shares of the chip maker’s stock valued at $236,000 after purchasing an additional 543 shares in the last quarter. Finally, Mount Vernon Associates Inc. MD grew its stake in Intel by 2.7% in the second quarter. Mount Vernon Associates Inc. MD now owns 50,987 shares of the chip maker’s stock worth $1,142,000 after purchasing an additional 1,350 shares during the period. 64.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Northland Securities raised their price objective on Intel from $28.00 to $42.00 in a research report on Friday, September 19th. Roth Capital reissued a “neutral” rating and set a $30.00 price target on shares of Intel in a research report on Thursday, September 18th. Weiss Ratings restated a “sell (d)” rating on shares of Intel in a report on Saturday, September 27th. Mizuho raised their target price on shares of Intel from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, July 3rd. Finally, Cantor Fitzgerald lifted their target price on shares of Intel from $26.00 to $36.00 and gave the company a “neutral” rating in a report on Friday, September 19th. Two equities research analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $26.40.

Intel Stock Performance

INTC stock opened at $36.59 on Tuesday. The stock’s 50 day simple moving average is $25.79 and its 200 day simple moving average is $22.86. 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 12-month low of $17.67 and a 12-month high of $38.68. The stock has a market capitalization of $160.15 billion, a PE ratio of -7.67 and a beta of 1.33.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.11). The business had revenue of $12.86 billion during 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 revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.02 EPS. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. As a group, research analysts forecast that Intel Corporation will post -0.11 earnings per share for the current fiscal 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.