Comerica Bank Reduces Holdings in Intel Corporation $INTC

Key Points

• Comerica Bank reduced its stake in Intel Corporation by 2.7% in the first quarter, now holding 1,020,741 shares valued at approximately $23.2 million.
• Several institutional investors have recently changed their positions in Intel, with Nuveen LLC acquiring a new stake valued at about $538.4 million during the same period.
• Intel's stock has recently experienced fluctuations, with a current price of $24.80 and a volatile recent earnings report that missed consensus EPS estimates.

Comerica Bank cut its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 2.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,020,741 shares of the chip maker's stock after selling 28,538 shares during the quarter. Comerica Bank's holdings in Intel were worth $23,181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of INTC. Nuveen LLC purchased a new stake in Intel during the 1st quarter valued at about $538,430,000. Price T Rowe Associates Inc. MD boosted its holdings in Intel by 99.8% during 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 acquiring an additional 14,901,457 shares during the period. Two Sigma Advisers LP purchased a new stake in Intel during the 4th quarter valued at about $289,752,000. Two Sigma Investments LP bought a new position in Intel during the 4th quarter valued at approximately $237,457,000. Finally, Goldman Sachs Group Inc. raised its position in Intel by 133.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 18,758,658 shares of the chip maker's stock valued at $426,009,000 after purchasing an additional 10,719,274 shares during the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on INTC. Rosenblatt Securities reaffirmed a "sell" rating and set a $14.00 price target on shares of Intel in a research report on Friday, July 25th. Seaport Res Ptn raised Intel to a "strong sell" rating in a research report on Wednesday, April 30th. Loop Capital initiated coverage on Intel in a research report on Monday, July 21st. They issued a "hold" rating and a $25.00 target price for the company. Citigroup reissued a "hold" rating on shares of Intel in a research report on Tuesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Intel in a research report on Wednesday, May 21st. They issued a "hold" rating and a $23.00 target price for the company. One research analyst has rated the stock with a Buy rating, twenty-three have issued a Hold rating and five have given a Sell rating to the company's stock. According to data from MarketBeat, Intel currently has an average rating of "Reduce" and an average target price of $22.17.

Intel Stock Up 5.5%

Intel stock opened at $24.80 on Monday. The firm has a market cap of $108.55 billion, a price-to-earnings ratio of -5.20 and a beta of 1.22. The stock has a fifty day simple moving average of $22.15 and a two-hundred day simple moving average of $21.73. Intel Corporation has a 12 month low of $17.67 and a 12 month high of $27.55. The company has a current ratio of 1.24, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42.

Intel (NASDAQ:INTC - Get Free Report) last posted its earnings results on Thursday, July 24th. The chip maker reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.11). The business had revenue of $12.86 billion during the quarter, compared to the consensus estimate of $11.88 billion. Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%.The firm's revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the business posted $0.02 EPS. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. Equities analysts predict that Intel Corporation will post -0.11 EPS for the current fiscal year.

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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