Perigon Wealth Management LLC Reduces Position in Intel Corporation $INTC

Key Points

• Perigon Wealth Management LLC has reduced its position in Intel Corporation by 5.8%, now holding 139,050 shares valued at approximately $3.1 million.
• Several institutional investors have increased their positions in Intel, with notable increases like Westbourne Investments raising their holdings by 319.4%.
• Analysts have recently raised price targets for Intel, with estimates ranging from $25.00 to $43.00, while the consensus rating remains "Reduce".

Perigon Wealth Management LLC decreased its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 5.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 139,050 shares of the chip maker's stock after selling 8,626 shares during the period. Perigon Wealth Management LLC's holdings in Intel were worth $3,115,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Westbourne Investments Inc. raised its holdings in shares of Intel by 319.4% during 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 during the period. Swedbank AB increased its position in Intel by 5.0% during the second quarter. Swedbank AB now owns 9,467,128 shares of the chip maker's stock worth $212,064,000 after purchasing an additional 454,234 shares during the last quarter. Czech National Bank raised its stake in Intel by 7.2% during the second quarter. Czech National Bank now owns 1,066,599 shares of the chip maker's stock worth $23,892,000 after purchasing an additional 72,065 shares during the period. CHICAGO TRUST Co NA boosted its holdings in Intel by 48.3% in the 2nd quarter. CHICAGO TRUST Co NA now owns 43,742 shares of the chip maker's stock valued at $980,000 after purchasing an additional 14,253 shares during the last quarter. Finally, 180 Wealth Advisors LLC grew its stake in shares of Intel by 124.9% in the 1st quarter. 180 Wealth Advisors LLC now owns 127,916 shares of the chip maker's stock valued at $2,905,000 after buying an additional 71,049 shares during the period. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Cantor Fitzgerald raised their target price on Intel from $26.00 to $36.00 and gave the stock a "neutral" rating in a research note on Friday, September 19th. UBS Group increased their price target on Intel from $25.00 to $35.00 and gave the stock a "neutral" rating in a report on Friday, September 19th. Seaport Res Ptn upgraded shares of Intel from a "strong sell" rating to a "hold" rating in a report on Wednesday. Northland Securities upped their target price on shares of Intel from $28.00 to $42.00 in a research report on Friday, September 19th. Finally, Benchmark upgraded shares of Intel from a "hold" rating to a "buy" rating and set a $43.00 price target for the company in a research report on Friday, September 19th. 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 stock. Based on data from MarketBeat.com, the company has an average rating of "Reduce" and a consensus price target of $25.90.

Intel Stock Up 4.4%

Shares of INTC opened at $35.50 on Friday. The company's 50-day simple moving average is $24.17 and its 200-day simple moving average is $22.40. 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 1 year low of $17.67 and a 1 year high of $36.30. The stock has a market capitalization of $155.38 billion, a PE ratio of -7.44 and a beta of 1.23.

Intel (NASDAQ:INTC - Get Free Report) last announced its 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). The business had revenue of $12.86 billion for the quarter, compared to analysts' expectations of $11.88 billion. Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%.Intel's quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the company earned $0.02 earnings per share. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. Analysts forecast that Intel Corporation will post -0.11 earnings per share for the current fiscal 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.

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