First Bancorp Inc ME Invests $207,000 in Intel Corporation $INTC

Key Points

• First Bancorp Inc ME has invested $207,000 in Intel Corporation by acquiring 9,249 shares during the 2nd quarter.
• Intel's quarterly earnings showed a significant miss with an EPS of ($0.10) against the expected $0.01, despite revenue growing 0.5% year-over-year to $12.86 billion.
• Wall Street analysts have mixed opinions on Intel's stock, with target prices ranging from $20.00 to $40.00 and an average consensus rating of "Reduce."

First Bancorp Inc ME acquired a new position in shares of Intel Corporation (NASDAQ:INTC - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,249 shares of the chip maker's stock, valued at approximately $207,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Verdence Capital Advisors LLC increased its holdings in shares of Intel by 1.1% during the 1st quarter. Verdence Capital Advisors LLC now owns 45,682 shares of the chip maker's stock worth $1,037,000 after purchasing an additional 486 shares during the period. Independent Wealth Network Inc. increased its holdings in shares of Intel by 5.2% during the 2nd quarter. Independent Wealth Network Inc. now owns 9,927 shares of the chip maker's stock worth $222,000 after purchasing an additional 490 shares during the period. Cary Street Partners Investment Advisory LLC increased its holdings in shares of Intel by 23.1% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 2,614 shares of the chip maker's stock worth $59,000 after purchasing an additional 491 shares during the period. one8zero8 LLC boosted its position in shares of Intel by 4.2% during the 1st quarter. one8zero8 LLC now owns 12,320 shares of the chip maker's stock valued at $280,000 after acquiring an additional 500 shares in the last quarter. Finally, Indiana Trust & Investment Management Co boosted its position in shares of Intel by 8.4% during the 1st quarter. Indiana Trust & Investment Management Co now owns 6,457 shares of the chip maker's stock valued at $147,000 after acquiring an additional 500 shares in the last quarter. Institutional investors own 64.53% of the company's stock.

Wall Street Analysts Forecast Growth

INTC has been the topic of several recent research reports. UBS Group lifted their target price on shares of Intel from $35.00 to $40.00 and gave the company a "neutral" rating in a research report on Monday, October 6th. DZ Bank reiterated a "sell" rating on shares of Intel in a research report on Friday, September 19th. Wells Fargo & Company lifted their target price on shares of Intel from $22.00 to $30.00 and gave the company an "equal weight" rating in a research report on Wednesday. Susquehanna lifted their target price on shares of Intel from $22.00 to $31.00 and gave the company a "neutral" rating in a research report on Wednesday. Finally, TD Cowen lifted their target price on shares of Intel from $20.00 to $35.00 and gave the company a "hold" rating in a research report on Friday, October 10th. Two analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and seven have issued a Sell rating to the stock. According to MarketBeat.com, Intel has an average rating of "Reduce" and a consensus target price of $28.54.

Intel Price Performance

NASDAQ:INTC opened at $37.01 on Friday. The firm has a market cap of $161.99 billion, a PE ratio of -7.76 and a beta of 1.33. Intel Corporation has a 12 month low of $17.67 and a 12 month high of $39.65. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. The company's 50-day moving average price is $28.85 and its two-hundred day moving average price is $23.73.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly 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). Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The firm had revenue of $12.86 billion during the quarter, compared to analyst estimates of $11.88 billion. During the same quarter last year, the firm earned $0.02 earnings per share. Intel's quarterly revenue was up .5% on a year-over-year basis. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. On average, equities analysts anticipate that Intel Corporation will post -0.11 EPS for the current fiscal year.

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.

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