Glenview Trust co Decreases Stock Holdings in Intel Corporation $INTC

Key Points

• Glenview Trust co has reduced its stake in Intel Corporation by 10.9%, selling 12,357 shares and now holding 100,678 shares worth approximately $2.3 million.
• Despite recent challenges, Intel's quarterly revenue was $12.86 billion, exceeding analyst estimates of $11.88 billion, although it reported a loss of ($0.10) EPS for the quarter.
• Recent upgrades from brokerages include Stifel Nicolaus raising Intel's price target from $21.00 to $24.50, with a consensus rating of "Reduce" and an average target price of $22.17.

Glenview Trust co trimmed its position in Intel Corporation (NASDAQ:INTC - Free Report) by 10.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 100,678 shares of the chip maker's stock after selling 12,357 shares during the quarter. Glenview Trust co's holdings in Intel were worth $2,286,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. HFM Investment Advisors LLC bought a new stake in Intel in the first quarter valued at $25,000. N.E.W. Advisory Services LLC bought a new stake in Intel in the first quarter valued at $25,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in Intel in the first quarter valued at $27,000. LFA Lugano Financial Advisors SA bought a new stake in Intel in the first quarter valued at $30,000. Finally, Vermillion Wealth Management Inc. bought a new stake in Intel in the fourth quarter valued at $27,000. Institutional investors own 64.53% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on INTC. Deutsche Bank Aktiengesellschaft began coverage on shares of Intel in a report on Wednesday, May 21st. They issued a "hold" rating and a $23.00 price target on the stock. JPMorgan Chase & Co. boosted their target price on shares of Intel from $20.00 to $21.00 and gave the company an "underweight" rating in a report on Friday, July 25th. Citigroup restated a "hold" rating on shares of Intel in a report on Tuesday, July 8th. Needham & Company LLC restated a "hold" rating on shares of Intel in a report on Friday, July 25th. Finally, Benchmark restated a "hold" rating on shares of Intel in a report on Friday, July 25th. One equities research analyst has rated the stock with a Buy rating, twenty-two have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, Intel currently has an average rating of "Reduce" and an average price target of $22.17.

Intel Stock Down 2.2%

Intel stock traded down $0.53 during mid-day trading on Friday, reaching $24.08. The stock had a trading volume of 52,493,052 shares, compared to its average volume of 108,024,024. The company has a market capitalization of $105.40 billion, a price-to-earnings ratio of -5.05 and a beta of 1.23. The company has a 50-day moving average price of $22.92 and a two-hundred day moving average price of $21.86. Intel Corporation has a one year low of $17.67 and a one year high of $27.55. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.92.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share (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 the consensus estimate of $11.88 billion. Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%.The business's revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.02 EPS. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. On average, analysts expect that Intel Corporation will post -0.11 EPS for the current fiscal 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.