US Bancorp DE Sells 142,872 Shares of Intel Corporation $INTC

Key Points

• US Bancorp DE has reduced its stake in Intel Corporation by 5.4%, selling 142,872 shares and now holding approximately 2.48 million shares valued at about $55.6 million.
• In a recent quarterly earnings report, Intel posted a loss of ($0.10) EPS, falling short of expectations, despite a revenue increase to $12.86 billion.
• Barclays and HSBC have recently adjusted their target prices for Intel, with Barclays raising it to $25.00 while HSBC set it at $24.00, reflecting a cautious outlook on the stock.

US Bancorp DE trimmed its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 5.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,482,718 shares of the chip maker's stock after selling 142,872 shares during the quarter. US Bancorp DE owned 0.06% of Intel worth $55,613,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Verdence Capital Advisors LLC grew its holdings in shares of Intel by 1.1% in the first quarter. Verdence Capital Advisors LLC now owns 45,682 shares of the chip maker's stock worth $1,037,000 after acquiring an additional 486 shares during the period. Independent Wealth Network Inc. grew its holdings in shares of Intel by 5.2% in the second quarter. Independent Wealth Network Inc. now owns 9,927 shares of the chip maker's stock worth $222,000 after acquiring an additional 490 shares during the period. Cary Street Partners Investment Advisory LLC grew its holdings in shares of Intel by 23.1% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 2,614 shares of the chip maker's stock worth $59,000 after acquiring an additional 491 shares during the period. one8zero8 LLC lifted its position in Intel by 4.2% during the first quarter. one8zero8 LLC now owns 12,320 shares of the chip maker's stock valued at $280,000 after purchasing an additional 500 shares in the last quarter. Finally, Indiana Trust & Investment Management Co lifted its position in Intel by 8.4% during the first quarter. Indiana Trust & Investment Management Co now owns 6,457 shares of the chip maker's stock valued at $147,000 after purchasing an additional 500 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Intel Price Performance

Shares of Intel stock opened at $37.80 on Friday. The stock's 50-day simple moving average is $26.82 and its 200-day simple moving average is $23.16. Intel Corporation has a 52 week low of $17.67 and a 52 week high of $38.68. The company has a market capitalization of $165.45 billion, a price-to-earnings ratio of -7.92 and a beta of 1.33. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42.

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Barclays lifted their target price on Intel from $19.00 to $25.00 and gave the company an "equal weight" rating in a research report on Friday, September 19th. HSBC reiterated a "reduce" rating and set a $24.00 target price (up from $21.25) on shares of Intel in a research report on Tuesday. Roth Capital reiterated a "neutral" rating and set a $30.00 target price on shares of Intel in a research report on Thursday, September 18th. Stifel Nicolaus lifted their target price on Intel from $21.00 to $24.50 and gave the company a "hold" rating in a research report on Monday, July 21st. Finally, Erste Group Bank upgraded Intel from a "sell" rating to a "hold" rating in a research report on Monday, September 22nd. Two research analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and seven have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus price target of $26.30.

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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