Intel Corporation $INTC Shares Sold by Bar Harbor Wealth Management

Key Points

• Bar Harbor Wealth Management reduced its holdings in Intel Corporation by 64.0% in Q2, owning 14,159 shares worth approximately $317,000 after selling 25,206 shares.
• Intel's latest earnings report showed a loss of $0.10 per share, missing the consensus estimate, although revenue for the quarter was up 0.5% year-over-year.
• Wall Street analysts have varied ratings on Intel, with an average target price of $26.30 and a majority rating of "Hold," indicating cautious sentiment toward the stock.

Bar Harbor Wealth Management trimmed its position in Intel Corporation (NASDAQ:INTC - Free Report) by 64.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,159 shares of the chip maker's stock after selling 25,206 shares during the period. Bar Harbor Wealth Management's holdings in Intel were worth $317,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of INTC. N.E.W. Advisory Services LLC acquired a new position in Intel in the first quarter worth about $25,000. HFM Investment Advisors LLC acquired a new position in Intel in the first quarter worth about $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in Intel in the first quarter valued at approximately $27,000. West Branch Capital LLC acquired a new position in Intel in the second quarter valued at approximately $28,000. Finally, LFA Lugano Financial Advisors SA acquired a new position in Intel in the first quarter valued at approximately $30,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on INTC. Needham & Company LLC restated a "hold" rating on shares of Intel in a research note on Friday, July 25th. Loop Capital began coverage on Intel in a research note on Monday, July 21st. They issued a "hold" rating and a $25.00 target price for the company. Deutsche Bank Aktiengesellschaft lifted their target price on Intel from $23.00 to $30.00 and gave the company a "hold" rating in a research note on Monday, September 29th. UBS Group lifted their target price on Intel from $35.00 to $40.00 and gave the company a "neutral" rating in a research note on Monday. Finally, Rosenblatt Securities restated a "sell" rating and issued a $14.00 target price on shares of Intel in a research note on Friday, July 25th. Two analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and seven have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Reduce" and an average target price of $26.30.

Intel Stock Performance

INTC opened at $37.80 on Friday. Intel Corporation has a twelve month low of $17.67 and a twelve month high of $38.68. The stock has a market cap of $165.45 billion, a PE ratio of -7.92 and a beta of 1.33. The business's 50 day moving average is $26.82 and its 200-day moving average is $23.16. 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 announced its earnings results on Thursday, July 24th. The chip maker reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.11). Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%.The firm had revenue of $12.86 billion for the quarter, compared to the consensus estimate of $11.88 billion. During the same period in the previous year, the firm earned $0.02 EPS. Intel's revenue for the quarter was up .5% on a year-over-year basis. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. On average, analysts predict that Intel Corporation will post -0.11 earnings per share 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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