Bank of New York Mellon Corp Sells 1,479,257 Shares of Intel Corporation $INTC

Key Points

• Bank of New York Mellon Corp reduced its stake in Intel Corporation by 5.0%, selling 1,479,257 shares, and now owns approximately 0.65% of the company, valued at $636 million.
• In the second quarter, several institutional investors, including Westbourne Investments Inc. and Y Intercept Hong Kong Ltd, significantly increased their positions in Intel.
• Intel reported a quarterly revenue of $13.65 billion, exceeding analysts' expectations, and has set guidance for Q4 with an EPS range of 0.080-0.080.

Bank of New York Mellon Corp trimmed its position in Intel Corporation (NASDAQ:INTC - Free Report) by 5.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,396,660 shares of the chip maker's stock after selling 1,479,257 shares during the period. Bank of New York Mellon Corp owned approximately 0.65% of Intel worth $636,085,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Westbourne Investments Inc. boosted its stake in Intel by 319.4% during the 1st quarter. Westbourne Investments Inc. now owns 71,425 shares of the chip maker's stock valued at $1,622,000 after purchasing an additional 54,395 shares during the last quarter. Pacific Wealth Management acquired a new position in Intel during the 2nd quarter valued at about $1,593,000. Econ Financial Services Corp purchased a new position in shares of Intel in the 2nd quarter worth approximately $754,000. Y Intercept Hong Kong Ltd boosted its stake in shares of Intel by 6,865.7% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 1,151,425 shares of the chip maker's stock worth $25,792,000 after buying an additional 1,134,895 shares during the last quarter. Finally, First Bancorp Inc ME purchased a new position in shares of Intel in the 2nd quarter worth approximately $207,000. 64.53% of the stock is owned by institutional investors.

Intel Price Performance

Intel stock opened at $39.50 on Tuesday. Intel Corporation has a 12 month low of $17.67 and a 12 month high of $42.48. The company has a current ratio of 1.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.38. The business's 50 day simple moving average is $32.31 and its 200 day simple moving average is $25.28. The company has a market cap of $172.89 billion, a price-to-earnings ratio of 3,953.95 and a beta of 1.33.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings data on Thursday, October 23rd. The chip maker reported $0.23 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 in the prior year, the business earned ($0.46) earnings per share. Intel's revenue for the quarter was up 3.0% on a year-over-year basis. Intel has set its Q4 2025 guidance at 0.080-0.080 EPS. Sell-side analysts forecast that Intel Corporation will post -0.11 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on INTC. Weiss Ratings restated a "sell (d)" rating on shares of Intel in a research note on Wednesday, October 8th. Wells Fargo & Company boosted their target price on Intel from $30.00 to $45.00 and gave the stock an "equal weight" rating in a research note on Friday, October 24th. Wall Street Zen upgraded Intel from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Mizuho boosted their target price on Intel from $39.00 to $41.00 and gave the stock a "neutral" rating in a research note on Friday, October 24th. Finally, Northland Securities boosted their target price on Intel from $28.00 to $42.00 in a research note on Friday, September 19th. One equities research analyst has rated the stock with a Buy rating, twenty-three have given a Hold rating and eight have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Reduce" and an average target price of $34.18.

Intel 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.

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