First Bancorp Inc ME Makes New Investment in Intel Corporation $INTC

First Bancorp Inc ME acquired a new stake in Intel Corporation (NASDAQ:INTC - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 7,889 shares of the chip maker's stock, valued at approximately $1,102,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. ABS Investment Management LLC purchased a new stake in Intel during the 2nd quarter worth about $694,101,000. Knuff & Co LLC acquired a new stake in shares of Intel during the 2nd quarter worth about $29,000. Glynn Capital Management LLC purchased a new stake in Intel during the second quarter worth approximately $29,000. Beaird Harris Wealth Management LLC raised its holdings in Intel by 3,185.7% during the second quarter. Beaird Harris Wealth Management LLC now owns 230 shares of the chip maker's stock worth $32,000 after purchasing an additional 223 shares in the last quarter. Finally, Carolina Wealth Advisors LLC lifted its position in shares of Intel by 167.0% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 267 shares of the chip maker's stock worth $37,000 after buying an additional 167 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

More Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel’s 14A process is receiving more favorable attention, with commentary suggesting the technology could improve the company’s competitiveness in leading-edge manufacturing and support its foundry ambitions. Intel Stock Ticks Up as 14A Process Proves Its Worth
• Positive Sentiment: Investors continue to speculate that major contracts in advanced packaging, high-bandwidth memory, or external foundry services could become a significant catalyst. Analysts cited in recent commentary see potential for Intel to capture meaningful wafer-foundry share by 2030, although execution and customer wins remain unproven. Intel Stock Opinions on Foundry Recovery Prospects
• Positive Sentiment: CEO Lip-Bu Tan’s roughly $10 million open-market purchase provides a vote of confidence in Intel’s turnaround plan. Institutional buying has also been substantial, with Invesco, JPMorgan and Fidelity among the reported buyers in the second quarter. Intel’s CEO Put $10 Million Into His Own Stock
• Neutral Sentiment: Intel’s recent quarterly results remain a fundamental support: revenue rose about 25% year over year to $16.1 billion and earnings exceeded expectations. The company’s longer-term recovery still depends on turning revenue growth into sustainable profitability and free cash flow.
• Negative Sentiment: The large August stock offering—210.5 million shares priced at $95—has raised dilution concerns and highlights Intel’s substantial capital needs for fabs, AI infrastructure and working capital. The stock remains below the offering price and its 50-day moving average, underscoring investor caution. Intel Stock Falls Below CEO’s Purchase Price After Equity Raise
• Negative Sentiment: Higher Treasury yields and a broader semiconductor selloff have pressured high-growth technology valuations, adding short-term volatility to Intel and its chip-sector peers. Intel Falls on Chip Stock Pressure

Intel Price Performance

Shares of INTC opened at $90.05 on Thursday. The company has a market capitalization of $454.21 billion, a price-to-earnings ratio of -42.68, a price-to-earnings-growth ratio of 9.82 and a beta of 2.22. Intel Corporation has a fifty-two week low of $23.72 and a fifty-two week high of $142.35. The firm has a 50-day simple moving average of $101.92 and a 200-day simple moving average of $87.54. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.25 and a current ratio of 1.60.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The chip maker reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.21. Intel had a negative net margin of 19.79% and a positive return on equity of 2.62%. The company had revenue of $16.13 billion during the quarter, compared to the consensus estimate of $14.43 billion. During the same quarter in the prior year, the firm earned ($0.10) EPS. Intel's quarterly revenue was up 25.2% on a year-over-year basis. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. On average, equities research analysts anticipate that Intel Corporation will post 1.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

INTC has been the topic of several research analyst reports. Rosenblatt Securities lifted their price target on shares of Intel from $65.00 to $80.00 and gave the stock a "sell" rating in a research note on Friday, July 24th. Melius Research set a $150.00 price objective on Intel in a report on Monday, May 18th. Citigroup upgraded Intel from a "positive" rating to a "buy" rating in a research report on Thursday, July 23rd. Needham & Company LLC reissued a "hold" rating on shares of Intel in a research report on Friday, July 24th. Finally, Truist Financial raised their price target on Intel from $81.00 to $108.00 and gave the stock a "hold" rating in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, thirty-one have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $107.46.

Insider Activity

In related news, CEO Lip Bu Tan purchased 105,263 shares of Intel stock in a transaction dated Tuesday, August 11th. The stock was bought at an average cost of $95.00 per share, for a total transaction of $9,999,985.00. Following the transaction, the chief executive officer owned 1,314,669 shares in the company, valued at approximately $124,893,555. The trade was a 8.70% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.05% of the company's stock.

Intel Company Profile

Intel Corporation, founded in 1968 by Robert Noyce and Gordon E. Moore and headquartered in Santa Clara, California, is a leading global designer and manufacturer of semiconductor products. The company is historically notable for introducing the first commercial microprocessor and for driving the x86 architecture that underpins many personal computers and servers. Intel's core business spans the design, fabrication and marketing of processors, chipsets and related components for a wide range of computing applications.

Intel's product portfolio includes client and mobile processors marketed under brands such as Intel Core and Pentium, as well as high-performance Xeon processors for data centers and cloud infrastructure.

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