Fifth Third Bancorp Trims Stock Holdings in Intel Corporation $INTC

Key Points

• Fifth Third Bancorp reduced its holdings in Intel Corporation by 5.6% in the second quarter, resulting in ownership of 543,128 shares valued at approximately $12.17 million.
• Several hedge funds have altered their positions in Intel, with 111 Capital acquiring a new stake and MassMutual Private Wealth & Trust increasing its holdings by 79.1%.
• Intel reported a loss of ($0.10) EPS in its latest quarter, missing analyst expectations, despite revenue reaching $12.86 billion, which exceeded forecasts.

Fifth Third Bancorp lowered its position in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 5.6% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 543,128 shares of the chip maker's stock after selling 32,238 shares during the quarter. Fifth Third Bancorp's holdings in Intel were worth $12,166,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of INTC. 111 Capital acquired a new position in Intel in the 4th quarter worth approximately $855,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Intel by 79.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 15,768 shares of the chip maker's stock valued at $358,000 after acquiring an additional 6,964 shares during the last quarter. Cacti Asset Management LLC increased its stake in shares of Intel by 17.1% in the first quarter. Cacti Asset Management LLC now owns 144,197 shares of the chip maker's stock worth $3,275,000 after acquiring an additional 21,097 shares during the period. Marcum Wealth LLC purchased a new position in shares of Intel during the first quarter worth $262,000. Finally, Kera Capital Partners Inc. acquired a new position in Intel during the first quarter valued at $5,960,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on INTC shares. DZ Bank reaffirmed a "sell" rating on shares of Intel in a research report on Friday, September 19th. Rosenblatt Securities reaffirmed a "sell" rating and set a $14.00 target price on shares of Intel in a report on Friday, July 25th. Loop Capital began coverage on Intel in a report on Monday, July 21st. They issued a "hold" rating and a $25.00 price target for the company. Citigroup restated a "sell" rating and issued a $29.00 price objective (up previously from $24.00) on shares of Intel in a research report on Friday, September 19th. Finally, Cantor Fitzgerald lifted their target price on shares of Intel from $26.00 to $36.00 and gave the company a "neutral" rating in a report on Friday, September 19th. Two analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and six 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 price target of $25.90.

Intel Stock Up 8.9%

Intel stock opened at $33.99 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.92. The stock has a market capitalization of $148.77 billion, a PE ratio of -7.13 and a beta of 1.23. The business has a 50 day simple moving average of $23.92 and a 200-day simple moving average of $22.29. Intel Corporation has a 12 month low of $17.67 and a 12 month high of $34.25.

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

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