Wedmont Private Capital Lowers Position in Intel Corporation $INTC

Wedmont Private Capital lowered its stake in shares of Intel Corporation (NASDAQ:INTC) by 30.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,871 shares of the chip maker’s stock after selling 5,553 shares during the period. Wedmont Private Capital’s holdings in Intel were worth $302,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Verdence Capital Advisors LLC boosted its holdings in Intel by 1.1% during the first quarter. Verdence Capital Advisors LLC now owns 45,682 shares of the chip maker’s stock worth $1,037,000 after buying an additional 486 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its holdings in Intel by 23.1% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 2,614 shares of the chip maker’s stock worth $59,000 after buying an additional 491 shares in the last quarter. one8zero8 LLC boosted its holdings in Intel by 4.2% during the first quarter. one8zero8 LLC now owns 12,320 shares of the chip maker’s stock worth $280,000 after buying an additional 500 shares in the last quarter. Indiana Trust & Investment Management Co boosted its holdings 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 worth $147,000 after buying an additional 500 shares in the last quarter. Finally, Rise Advisors LLC boosted its holdings in Intel by 23.8% during the first quarter. Rise Advisors LLC now owns 2,727 shares of the chip maker’s stock worth $62,000 after buying an additional 524 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. UBS Group boosted their price objective on shares of Intel from $25.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday. Rosenblatt Securities reaffirmed a “sell” rating and issued a $14.00 price target on shares of Intel in a report on Friday, July 25th. Wall Street Zen raised shares of Intel from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Intel in a report on Tuesday, August 19th. Finally, Stifel Nicolaus upped their price target on shares of Intel from $21.00 to $24.50 and gave the company a “hold” rating in a report on Monday, July 21st. Two analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $24.27.

Intel Stock Down 3.2%

Shares of NASDAQ:INTC opened at $29.58 on Monday. The company has a market capitalization of $129.47 billion, a PE ratio of -6.20 and a beta of 1.23. 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 business has a fifty day moving average price of $23.29 and a two-hundred day moving average price of $22.02. Intel Corporation has a 1 year low of $17.67 and a 1 year high of $32.38.

Intel (NASDAQ:INTC) last announced its quarterly earnings data 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 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 the consensus estimate of $11.88 billion. During the same quarter last year, the company earned $0.02 EPS. The firm’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. Analysts forecast that Intel Corporation will post -0.11 earnings per share for the current year.

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.