Busey Bank Sells 9,157 Shares of Intel Corporation $INTC

Key Points

• Busey Bank reduced its holdings in Intel Corporation by 8.4%, owning 99,550 shares after selling 9,157 shares during the second quarter, valued at approximately $2.23 million at the end of that quarter.
• Intel reported a loss of ($0.10) earnings per share for the last quarter, which was below analyst expectations by ($0.11), despite a revenue of $12.86 billion surpassing estimates.
• Wall Street analysts currently have a consensus rating of "Reduce" for Intel, with a target price of $24.27, reflecting mixed sentiments on the stock's performance.

Busey Bank lowered its holdings in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 8.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 99,550 shares of the chip maker's stock after selling 9,157 shares during the quarter. Busey Bank's holdings in Intel were worth $2,230,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nuveen LLC bought a new position in Intel in the 1st quarter worth $538,430,000. Kingstone Capital Partners Texas LLC bought a new position in Intel in the 2nd quarter worth $345,245,000. Price T Rowe Associates Inc. MD raised its holdings in Intel by 99.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,829,385 shares of the chip maker's stock worth $677,426,000 after acquiring an additional 14,901,457 shares during the period. Goldman Sachs Group Inc. raised its holdings in Intel by 133.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 18,758,658 shares of the chip maker's stock worth $426,009,000 after acquiring an additional 10,719,274 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in Intel by 86.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 22,705,050 shares of the chip maker's stock worth $508,593,000 after acquiring an additional 10,523,590 shares during the period. Institutional investors own 64.53% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on INTC. UBS Group lifted their target price on shares of Intel from $25.00 to $35.00 and gave the stock a "neutral" rating in a report on Friday. Stifel Nicolaus lifted their target price on shares of Intel from $21.00 to $24.50 and gave the stock a "hold" rating in a report on Monday, July 21st. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a report on Friday, July 25th. JPMorgan Chase & Co. reiterated a "sell" rating and issued a $21.00 target price on shares of Intel in a report on Friday. Finally, Rosenblatt Securities restated a "sell" rating and set a $14.00 price objective on shares of Intel in a report on Friday, July 25th. Two equities research analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus target price of $24.27.

Intel Price Performance

NASDAQ:INTC traded down $0.99 on Friday, reaching $29.58. The stock had a trading volume of 224,890,676 shares, compared to its average volume of 93,261,976. The company has a market capitalization of $129.47 billion, a P/E ratio of -6.20 and a beta of 1.23. Intel Corporation has a 1-year low of $17.67 and a 1-year high of $32.38. 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 stock has a fifty day moving average price of $23.29 and a 200-day moving average price of $22.01.

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). The firm 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 quarterly revenue was up .5% on a year-over-year basis. During the same quarter last year, the firm earned $0.02 earnings per share. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. Research analysts forecast that Intel Corporation will post -0.11 EPS for the current year.

Intel 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.