Atlantic Union Bankshares Corp Raises Stake in Intel Corporation $INTC

Atlantic Union Bankshares Corp grew its stake in shares of Intel Corporation (NASDAQ:INTC) by 125.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 49,273 shares of the chip maker’s stock after acquiring an additional 27,431 shares during the period. Atlantic Union Bankshares Corp’s holdings in Intel were worth $1,104,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Westbourne Investments Inc. increased its position in shares of Intel by 319.4% in the first quarter. Westbourne Investments Inc. now owns 71,425 shares of the chip maker’s stock valued at $1,622,000 after acquiring an additional 54,395 shares during the period. Pacific Wealth Management bought a new stake in shares of Intel in the second quarter worth about $1,593,000. Econ Financial Services Corp purchased a new position in Intel during the 2nd quarter valued at about $754,000. Y Intercept Hong Kong Ltd raised its position in Intel by 6,865.7% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 1,151,425 shares of the chip maker’s stock valued at $25,792,000 after purchasing an additional 1,134,895 shares during the last quarter. Finally, First Bancorp Inc ME purchased a new stake in Intel in the 2nd quarter worth approximately $207,000. Institutional investors own 64.53% of the company’s stock.

Intel Price Performance

Shares of INTC opened at $38.13 on Friday. Intel Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $42.48. The firm’s 50-day simple moving average is $33.35 and its two-hundred day simple moving average is $25.71. The stock has a market cap of $166.90 billion, a PE ratio of 3,816.82 and a beta of 1.31. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.25 and a current ratio of 1.60.

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. The firm had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.10 billion. Intel had a net margin of 0.37% and a negative return on equity of 0.75%. The business’s revenue was up 3.0% on a year-over-year basis. During the same period last year, the business earned ($0.46) earnings per share. Intel has set its Q4 2025 guidance at 0.080-0.080 EPS. Analysts anticipate that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on INTC. Morgan Stanley boosted their target price on Intel from $23.00 to $36.00 and gave the company an “equal weight” rating in a research note on Monday, October 20th. Citigroup reissued a “sell” rating and set a $29.00 price objective (up from $24.00) on shares of Intel in a research report on Friday, September 19th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Intel in a research report on Wednesday, October 8th. Rosenblatt Securities lifted their target price on shares of Intel from $14.00 to $25.00 and gave the company a “sell” rating in a research note on Friday, October 24th. Finally, Susquehanna increased their price target on shares of Intel from $31.00 to $35.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. Two investment analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and eight have given a Sell rating to the company. Based on data from MarketBeat, Intel has a consensus rating of “Reduce” and an average price target of $34.84.

About Intel

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.