NBT Bank N A NY Decreases Holdings in Intel Corporation $INTC

Key Points

• NBT Bank N A NY has decreased its holdings in Intel Corporation by 29% during the second quarter, now owning 50,690 shares valued at approximately $1.135 million.
• Several institutional investors made new positions in Intel, with hedge funds and institutional investors now owning 64.53% of the stock.
• Intel reported a Q2 loss of ($0.10) EPS, missing estimates, while revenue grew by 0.5% year-over-year, reaching $12.86 billion.

NBT Bank N A NY trimmed its position in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 29.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,690 shares of the chip maker's stock after selling 20,723 shares during the period. NBT Bank N A NY's holdings in Intel were worth $1,135,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of INTC. N.E.W. Advisory Services LLC purchased a new position in shares of Intel during the 1st quarter valued at about $25,000. HFM Investment Advisors LLC purchased a new position in shares of Intel during the 1st quarter valued at about $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Intel during the 1st quarter valued at about $27,000. West Branch Capital LLC bought a new position in Intel during the 2nd quarter worth approximately $28,000. Finally, LFA Lugano Financial Advisors SA bought a new position in Intel during the 1st quarter worth approximately $30,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Price Performance

INTC opened at $37.43 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.24. Intel Corporation has a 52-week low of $17.67 and a 52-week high of $38.68. The stock has a market capitalization of $163.83 billion, a PE ratio of -7.85 and a beta of 1.33. The stock's 50 day moving average price is $26.46 and its 200-day moving average price is $23.06.

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on INTC. Benchmark upgraded Intel from a "hold" rating to a "buy" rating and set a $43.00 price target on the stock in a research report on Friday, September 19th. Northland Securities raised their price target on Intel from $28.00 to $42.00 in a research report on Friday, September 19th. Seaport Res Ptn upgraded Intel from a "strong sell" rating to a "hold" rating in a research report on Wednesday, September 24th. New Street Research raised their price target on Intel from $23.00 to $32.00 in a research report on Friday, September 19th. Finally, Mizuho raised their price target on Intel from $22.00 to $23.00 and gave the stock a "neutral" rating in a research report on Thursday, July 3rd. Two equities research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and seven have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus target price of $26.30.

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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