OLD Point Trust & Financial Services N A Has $955,000 Position in Intel Corporation $INTC

Key Points

• OLD Point Trust & Financial Services N A reduced its stake in Intel Corporation (NASDAQ: INTC) by 30.8%, holding 42,631 shares valued at $955,000 after selling 18,951 shares in Q2.
• Major investment firms, including Nuveen LLC and Goldman Sachs Group Inc., have significantly increased their stakes in Intel, reflecting growing institutional interest.
• Intel's stock recently opened at $33.56 with a market cap of $146.89 billion; the company's quarterly earnings showed a miss in EPS estimates but a slight revenue increase compared to the previous year.

OLD Point Trust & Financial Services N A lowered its position in Intel Corporation (NASDAQ:INTC - Free Report) by 30.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,631 shares of the chip maker's stock after selling 18,951 shares during the quarter. OLD Point Trust & Financial Services N A's holdings in Intel were worth $955,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in INTC. Nuveen LLC acquired a new stake in Intel in the first quarter valued at $538,430,000. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Intel during the 2nd quarter worth about $345,245,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Intel by 99.8% during 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 buying an additional 14,901,457 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Intel by 133.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 18,758,658 shares of the chip maker's stock worth $426,009,000 after buying an additional 10,719,274 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Intel by 86.4% during 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 buying an additional 10,523,590 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on INTC shares. New Street Research raised their target price on shares of Intel from $23.00 to $32.00 in a research note on Friday, September 19th. Sanford C. Bernstein restated a "market perform" rating on shares of Intel in a research note on Tuesday, August 19th. Needham & Company LLC restated a "hold" rating on shares of Intel in a research note on Friday, July 25th. UBS Group raised their price target on shares of Intel from $25.00 to $35.00 and gave the stock a "neutral" rating in a research report on Friday, September 19th. Finally, Rosenblatt Securities reaffirmed a "sell" rating and set a $14.00 price target on shares of Intel in a research report on Friday, July 25th. Two research analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and five have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Intel currently has a consensus rating of "Reduce" and a consensus target price of $26.19.

Intel Stock Down 2.7%

NASDAQ:INTC opened at $33.56 on Wednesday. The company has a market cap of $146.89 billion, a PE ratio of -7.04 and a beta of 1.23. Intel Corporation has a one year low of $17.67 and a one year high of $36.30. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.92. The firm's 50 day simple moving average is $24.60 and its 200 day simple moving average is $22.55.

Intel (NASDAQ:INTC - Get Free Report) last issued 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). 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 during the quarter, compared to analyst estimates of $11.88 billion. During the same quarter last year, the firm posted $0.02 EPS. The firm'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, research analysts anticipate 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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