Grimes & Company Inc. Trims Holdings in Intel Corporation $INTC

Key Points

• Grimes & Company Inc. reduced its stake in Intel Corporation by 25.3% in Q2, owning 59,631 shares valued at approximately $1.336 million after selling 20,176 shares.
• Barclays raised its price target on Intel from $19.00 to $25.00, while the average analyst rating for the stock is "Reduce" with a consensus price target of $26.40.
• Intel reported a Q2 loss of ($0.10) EPS, missing estimates, despite a revenue increase to $12.86 billion, up 0.5% year-over-year.

Grimes & Company Inc. cut its stake in Intel Corporation (NASDAQ:INTC - Free Report) by 25.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 59,631 shares of the chip maker's stock after selling 20,176 shares during the quarter. Grimes & Company Inc.'s holdings in Intel were worth $1,336,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Verdence Capital Advisors LLC lifted its position in Intel by 1.1% during the first quarter. Verdence Capital Advisors LLC now owns 45,682 shares of the chip maker's stock valued at $1,037,000 after purchasing an additional 486 shares during the last quarter. Independent Wealth Network Inc. increased its holdings in shares of Intel by 5.2% in the 2nd quarter. Independent Wealth Network Inc. now owns 9,927 shares of the chip maker's stock worth $222,000 after buying an additional 490 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its position 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 valued at $59,000 after buying an additional 491 shares in the last quarter. one8zero8 LLC lifted its holdings in shares of Intel by 4.2% during the 1st quarter. one8zero8 LLC now owns 12,320 shares of the chip maker's stock worth $280,000 after acquiring an additional 500 shares during the last quarter. Finally, Indiana Trust & Investment Management Co grew its position in Intel by 8.4% in the first quarter. Indiana Trust & Investment Management Co now owns 6,457 shares of the chip maker's stock worth $147,000 after acquiring an additional 500 shares in the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

INTC has been the topic of a number of research reports. Barclays raised their price target on Intel from $19.00 to $25.00 and gave the company an "equal weight" rating in a research report on Friday, September 19th. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a report on Friday, July 25th. Citigroup reiterated a "sell" rating and issued a $29.00 price objective (up from $24.00) on shares of Intel in a report on Friday, September 19th. New Street Research upped their price objective on Intel from $23.00 to $32.00 in a report on Friday, September 19th. Finally, Loop Capital assumed coverage on Intel in a report on Monday, July 21st. They issued a "hold" rating and a $25.00 price objective for the company. Two investment analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and six have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Intel has an average rating of "Reduce" and a consensus price target of $26.40.

Intel Trading Down 0.7%

Shares of INTC opened at $36.59 on Tuesday. The stock has a market capitalization of $160.15 billion, a P/E ratio of -7.67 and a beta of 1.33. Intel Corporation has a twelve month low of $17.67 and a twelve month high of $38.68. 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 firm has a fifty day simple moving average of $25.79 and a two-hundred day simple moving average of $22.86.

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