US Bancorp DE Decreases Stake in Intel Corporation $INTC

US Bancorp DE reduced its position in Intel Corporation (NASDAQ:INTC) by 5.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,482,718 shares of the chip maker’s stock after selling 142,872 shares during the period. US Bancorp DE’s holdings in Intel were worth $55,613,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Verdence Capital Advisors LLC boosted its holdings in shares of Intel by 1.1% in the first quarter. Verdence Capital Advisors LLC now owns 45,682 shares of the chip maker’s stock valued at $1,037,000 after purchasing an additional 486 shares during the period. Independent Wealth Network Inc. boosted its holdings 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 valued at $222,000 after purchasing an additional 490 shares during the period. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of 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 period. one8zero8 LLC boosted its holdings in shares of Intel by 4.2% in the first quarter. one8zero8 LLC now owns 12,320 shares of the chip maker’s stock valued at $280,000 after purchasing an additional 500 shares during the period. Finally, Indiana Trust & Investment Management Co boosted its holdings in shares of Intel by 8.4% in the first 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 during the period. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Stock Up 1.0%

Intel stock opened at $37.80 on Friday. The business has a fifty day moving average of $26.82 and a two-hundred day moving average of $23.16. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. The firm has a market cap of $165.45 billion, a P/E ratio of -7.92 and a beta of 1.33. Intel Corporation has a twelve month low of $17.67 and a twelve month high of $38.68.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share 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 company had revenue of $12.86 billion for the quarter, compared to analysts’ expectations of $11.88 billion. During the same quarter in the prior year, the company earned $0.02 EPS. The firm’s quarterly revenue was up .5% on a year-over-year basis. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. On average, analysts forecast that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on INTC shares. Erste Group Bank upgraded Intel from a “sell” rating to a “hold” rating in a report on Monday, September 22nd. Rosenblatt Securities reiterated a “sell” rating and issued a $14.00 price target on shares of Intel in a report on Friday, July 25th. Northland Securities boosted their price target on Intel from $28.00 to $42.00 in a report on Friday, September 19th. Sanford C. Bernstein restated a “neutral” rating on shares of Intel in a report on Thursday, October 2nd. Finally, New Street Research upped their target price on Intel from $23.00 to $32.00 in a report on Friday, September 19th. Two analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and seven have assigned a Sell rating to the stock. According to MarketBeat.com, Intel currently has an average rating of “Reduce” and an average target price of $26.30.

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.