Associated Banc Corp Reduces Holdings in Intel Corporation $INTC

Associated Banc Corp lowered its stake in Intel Corporation (NASDAQ:INTC) by 10.5% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 73,563 shares of the chip maker’s stock after selling 8,606 shares during the quarter. Associated Banc Corp’s holdings in Intel were worth $1,648,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of INTC. Vanguard Group Inc. raised its stake in Intel by 2.3% during the second quarter. Vanguard Group Inc. now owns 385,903,735 shares of the chip maker’s stock worth $8,644,244,000 after purchasing an additional 8,513,298 shares during the period. Westbourne Investments Inc. raised its holdings in shares of Intel by 319.4% in the 1st quarter. Westbourne Investments Inc. now owns 71,425 shares of the chip maker’s stock worth $1,622,000 after purchasing an additional 54,395 shares during the period. Pacific Wealth Management purchased a new position in shares of Intel in the 2nd quarter worth about $1,593,000. Econ Financial Services Corp acquired a new position in shares of Intel in the 2nd quarter valued at about $754,000. Finally, Y Intercept Hong Kong Ltd grew its stake in Intel by 6,865.7% during the second quarter. Y Intercept Hong Kong Ltd now owns 1,151,425 shares of the chip maker’s stock worth $25,792,000 after buying an additional 1,134,895 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. HSBC boosted their price target on Intel from $24.00 to $26.00 in a research report on Friday, October 24th. Truist Financial upped their target price on shares of Intel from $21.00 to $39.00 and gave the company a “hold” rating in a research note on Friday, October 24th. Seaport Res Ptn raised shares of Intel from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 24th. Benchmark lifted their target price on Intel from $43.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Finally, Barclays upped their price target on shares of Intel from $25.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Friday, October 24th. Two research analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and eight have issued a Sell rating to the company. According to data from MarketBeat.com, Intel currently has a consensus rating of “Reduce” and an average price target of $34.84.

Intel Stock Performance

Intel stock opened at $35.83 on Wednesday. The firm’s 50 day simple moving average is $36.06 and its 200-day simple moving average is $27.09. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.60 and a quick ratio of 1.25. Intel Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $42.48. The company has a market cap of $171.16 billion, a P/E ratio of 3,586.59 and a beta of 1.31.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, October 23rd. The chip maker reported $0.23 earnings per share (EPS) for the quarter. The company had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.10 billion. Intel had a negative return on equity of 0.75% and a net margin of 0.37%.The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.46) earnings per share. Intel has set its Q4 2025 guidance at 0.080-0.080 EPS. As a group, equities research analysts predict that Intel Corporation will post -0.11 EPS 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.