Mitchell Sinkler & Starr PA Sells 160,572 Shares of Intel Corporation $INTC

Key Points

• Mitchell Sinkler & Starr PA significantly reduced its stake in Intel Corporation by 93.2%, selling 160,572 shares and holding only 11,663 shares worth approximately $261,000.
• Other institutional investors, such as Westbourne Investments Inc., have increased their positions in Intel, with Westbourne raising its stake by 319.4% and acquiring an additional 54,395 shares recently.
• Intel's most recent earnings report revealed a loss of ($0.10) EPS, missing estimates, while the company's revenue increased slightly year-over-year to $12.86 billion.

Mitchell Sinkler & Starr PA cut its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 93.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,663 shares of the chip maker's stock after selling 160,572 shares during the period. Mitchell Sinkler & Starr PA's holdings in Intel were worth $261,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Westbourne Investments Inc. raised its position in shares of Intel by 319.4% in the 1st quarter. Westbourne Investments Inc. now owns 71,425 shares of the chip maker's stock worth $1,622,000 after acquiring an additional 54,395 shares in the last quarter. KLP Kapitalforvaltning AS grew its stake in shares of Intel by 6.4% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 1,558,908 shares of the chip maker's stock valued at $34,920,000 after buying an additional 93,900 shares during the period. LBP AM SA grew its stake in shares of Intel by 1.8% in the 2nd quarter. LBP AM SA now owns 734,813 shares of the chip maker's stock valued at $16,460,000 after buying an additional 13,248 shares during the period. Lockerman Financial Group Inc. acquired a new stake in shares of Intel in the 2nd quarter valued at about $237,000. Finally, Swedbank AB grew its stake in shares of Intel by 5.0% in the 2nd quarter. Swedbank AB now owns 9,467,128 shares of the chip maker's stock valued at $212,064,000 after buying an additional 454,234 shares during the period. 64.53% of the stock is owned by institutional investors.

Intel Price Performance

Shares of NASDAQ INTC opened at $36.44 on Friday. Intel Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $39.65. The firm's 50-day simple moving average is $27.17 and its 200 day simple moving average is $23.24. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.24. The stock has a market cap of $159.49 billion, a price-to-earnings ratio of -7.64 and a beta of 1.33.

Intel (NASDAQ:INTC - Get Free Report) last posted 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 prior year, the business earned $0.02 EPS. Intel's quarterly revenue was up .5% compared to the same quarter last year. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. As a group, research analysts anticipate that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the company. Sanford C. Bernstein restated a "neutral" rating on shares of Intel in a research note on Thursday, October 2nd. Benchmark upgraded Intel from a "hold" rating to a "buy" rating and set a $43.00 target price for the company in a research note on Friday, September 19th. Erste Group Bank upgraded Intel from a "sell" rating to a "hold" rating in a research note on Monday, September 22nd. Citigroup restated a "sell" rating and issued a $29.00 target price (up from $24.00) on shares of Intel in a research note on Friday, September 19th. Finally, Needham & Company LLC restated a "hold" rating on shares of Intel in a research note on Friday, July 25th. Two research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and seven have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Reduce" and a consensus target price of $26.63.

About Intel

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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