WASHINGTON TRUST Co Trims Stake in Intel Corporation $INTC

WASHINGTON TRUST Co decreased its stake in shares of Intel Corporation (NASDAQ:INTC) by 9.8% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 20,225 shares of the chip maker’s stock after selling 2,206 shares during the quarter. WASHINGTON TRUST Co’s holdings in Intel were worth $453,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Nuveen LLC acquired a new stake in shares of Intel during the first quarter valued at $538,430,000. Kingstone Capital Partners Texas LLC acquired a new position in Intel in the 2nd quarter valued at about $345,245,000. Price T Rowe Associates Inc. MD lifted its holdings in Intel by 99.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,829,385 shares of the chip maker’s stock valued at $677,426,000 after purchasing an additional 14,901,457 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Intel by 133.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 18,758,658 shares of the chip maker’s stock worth $426,009,000 after purchasing an additional 10,719,274 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Intel by 86.4% during the second quarter. Assenagon Asset Management S.A. now owns 22,705,050 shares of the chip maker’s stock worth $508,593,000 after buying an additional 10,523,590 shares in the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Trading Down 5.2%

INTC stock opened at $35.91 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.38. The company has a market cap of $171.54 billion, a price-to-earnings ratio of 3,594.59 and a beta of 1.31. The business has a fifty day simple moving average of $34.41 and a 200-day simple moving average of $26.19. Intel Corporation has a 52 week low of $17.67 and a 52 week high of $42.48.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, October 23rd. The chip maker reported $0.23 earnings per share for the quarter. Intel had a net margin of 0.37% and a negative return on equity of 0.75%. The firm had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.10 billion. During the same period in the previous year, the company posted ($0.46) earnings per share. Intel’s revenue was up 3.0% compared to the same quarter last year. Intel has set its Q4 2025 guidance at 0.080-0.080 EPS. On average, equities research analysts expect that Intel Corporation will post -0.11 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on INTC. Rosenblatt Securities upped their price objective 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. Wells Fargo & Company increased their price target on Intel from $30.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Friday, October 24th. BNP Paribas Exane raised their price objective on Intel from $19.00 to $30.00 and gave the stock an “underperform” rating in a report on Friday, October 24th. Cantor Fitzgerald lifted their price objective on Intel from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, October 20th. Finally, Morgan Stanley upped 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. Two analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and eight have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus 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.