Welch & Forbes LLC Trims Position in Intel Corporation $INTC

Welch & Forbes LLC lessened its holdings in shares of Intel Corporation (NASDAQ:INTC) by 12.8% in the second quarter, Holdings Channel.com reports. The fund owned 201,013 shares of the chip maker’s stock after selling 29,428 shares during the period. Welch & Forbes LLC’s holdings in Intel were worth $4,503,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in INTC. Plato Investment Management Ltd lifted its position in shares of Intel by 22.9% in the 2nd quarter. Plato Investment Management Ltd now owns 64,638 shares of the chip maker’s stock worth $1,443,000 after purchasing an additional 12,042 shares during the period. Atlas Private Wealth Advisors raised its stake in Intel by 17.1% in the second quarter. Atlas Private Wealth Advisors now owns 25,646 shares of the chip maker’s stock worth $574,000 after buying an additional 3,749 shares in the last quarter. Balentine LLC raised its stake in Intel by 86.4% in the second quarter. Balentine LLC now owns 19,871 shares of the chip maker’s stock worth $445,000 after buying an additional 9,213 shares in the last quarter. Syverson Strege & Co purchased a new stake in Intel in the second quarter worth about $328,000. Finally, Bridgewealth Advisory Group LLC purchased a new stake in Intel in the second quarter worth about $317,000. Institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

INTC has been the topic of several research reports. HSBC lifted their price objective on Intel from $24.00 to $26.00 in a research report on Friday, October 24th. Weiss Ratings restated a “sell (d)” rating on shares of Intel in a research report on Wednesday, October 8th. Stifel Nicolaus increased their price objective on Intel from $21.00 to $24.50 and gave the stock a “hold” rating in a report on Monday, July 21st. Cowen reissued a “hold” rating on shares of Intel in a research report on Friday, October 24th. Finally, DZ Bank restated a “sell” rating on shares of Intel in a report on Friday, October 24th. One equities research analyst has rated the stock with a Buy rating, twenty-three have given a Hold rating and eight have given a Sell rating to the stock. Based on data from MarketBeat, Intel presently has an average rating of “Reduce” and an average price target of $34.18.

Intel Trading Down 0.4%

Intel stock opened at $39.99 on Monday. Intel Corporation has a 12 month low of $17.67 and a 12 month high of $42.48. The company has a market capitalization of $175.04 billion, a price-to-earnings ratio of 4,003.00 and a beta of 1.33. The business’s fifty day simple moving average is $32.01 and its two-hundred day simple moving average is $25.14. The company has a current ratio of 1.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.38.

Intel (NASDAQ:INTC) last posted its quarterly 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 negative return on equity of 0.75% and a net margin of 0.37%.Intel’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.46) EPS. Intel has set its Q4 2025 guidance at 0.080-0.080 EPS. As a group, equities analysts predict 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.