1ST Source Bank Sells 2,712 Shares of Intel Corporation $INTC

1ST Source Bank lessened its position in shares of Intel Corporation (NASDAQ:INTC) by 9.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,942 shares of the chip maker’s stock after selling 2,712 shares during the quarter. 1ST Source Bank’s holdings in Intel were worth $581,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. N.E.W. Advisory Services LLC acquired a new position in shares of Intel during the first quarter worth $25,000. HFM Investment Advisors LLC purchased a new position in Intel during the 1st quarter worth $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in Intel during the 1st quarter valued at about $27,000. West Branch Capital LLC acquired a new position in Intel during the 2nd quarter valued at about $28,000. Finally, PrairieView Partners LLC raised its stake in Intel by 77.0% in the first quarter. PrairieView Partners LLC now owns 1,398 shares of the chip maker’s stock valued at $31,000 after buying an additional 608 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Citigroup restated a “sell” rating and set a $29.00 price target (up previously from $24.00) on shares of Intel in a research note on Friday, September 19th. Seaport Res Ptn upgraded shares of Intel from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 24th. Cowen reissued a “hold” rating on shares of Intel in a research report on Friday, October 24th. Bank of America restated an “underperform” rating and set a $34.00 price target on shares of Intel in a research note on Monday, October 13th. Finally, BNP Paribas Exane lifted their price objective on shares of Intel from $19.00 to $30.00 and gave the stock an “underperform” rating in a research note on Friday, October 24th. Two equities research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and eight have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce” and an average target price of $34.84.

Intel Trading Up 2.4%

NASDAQ INTC opened at $38.13 on Monday. Intel Corporation has a 1 year low of $17.67 and a 1 year high of $42.48. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.60 and a quick ratio of 1.25. The company has a market capitalization of $166.90 billion, a PE ratio of 3,816.82 and a beta of 1.31. The company has a fifty day moving average of $33.35 and a 200 day moving average of $25.79.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, October 23rd. The chip maker reported $0.23 earnings per share for the quarter. The company had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.10 billion. Intel had a negative return on equity of 0.75% and a net margin of 0.37%.The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.46) EPS. Intel has set its Q4 2025 guidance at 0.080-0.080 EPS. Research 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.