Intel Corporation $INTC Shares Sold by VeraBank N.A.

VeraBank N.A. cut its position in Intel Corporation (NASDAQ:INTC) by 34.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,643 shares of the chip maker’s stock after selling 5,697 shares during the quarter. VeraBank N.A.’s holdings in Intel were worth $238,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Verdence Capital Advisors LLC grew its stake in shares of Intel by 1.1% during the first quarter. Verdence Capital Advisors LLC now owns 45,682 shares of the chip maker’s stock valued at $1,037,000 after acquiring an additional 486 shares in the last quarter. Independent Wealth Network Inc. lifted its stake in shares of Intel by 5.2% in the second quarter. Independent Wealth Network Inc. now owns 9,927 shares of the chip maker’s stock worth $222,000 after acquiring an additional 490 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its holdings in Intel by 23.1% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 2,614 shares of the chip maker’s stock valued at $59,000 after purchasing an additional 491 shares during the last quarter. one8zero8 LLC grew its stake in Intel by 4.2% during the 1st quarter. one8zero8 LLC now owns 12,320 shares of the chip maker’s stock valued at $280,000 after purchasing an additional 500 shares in the last quarter. Finally, Indiana Trust & Investment Management Co grew its stake in Intel by 8.4% during the 1st quarter. Indiana Trust & Investment Management Co now owns 6,457 shares of the chip maker’s stock valued at $147,000 after purchasing an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on INTC shares. New Street Research lifted their price objective on Intel from $23.00 to $32.00 in a report on Friday, September 19th. UBS Group raised their price target on shares of Intel from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Bank of America reaffirmed an “underperform” rating and issued a $34.00 price target on shares of Intel in a report on Monday, October 13th. DZ Bank reiterated a “sell” rating on shares of Intel in a research note on Friday, October 24th. Finally, Wall Street Zen raised Intel from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Two research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and eight have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $34.84.

Intel Stock Performance

Shares of INTC stock opened at $37.88 on Wednesday. The company has a market cap of $165.80 billion, a P/E ratio of 3,791.79 and a beta of 1.31. The business has a 50 day moving average of $33.91 and a two-hundred day moving average of $26.04. Intel Corporation has a 52 week low of $17.67 and a 52 week high of $42.48. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.38.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, October 23rd. The chip maker reported $0.23 earnings per share (EPS) for the quarter. Intel had a negative return on equity of 0.75% and a net margin of 0.37%.The business had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.10 billion. During the same quarter last year, the business posted ($0.46) EPS. The business’s revenue was up 3.0% on a year-over-year basis. Intel has set its Q4 2025 guidance at 0.080-0.080 EPS. As a group, analysts anticipate that Intel Corporation will post -0.11 EPS 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.