Eastern Bank Sells 2,899 Shares of Intel Corporation $INTC

Eastern Bank cut its stake in Intel Corporation (NASDAQ:INTC) by 8.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,712 shares of the chip maker’s stock after selling 2,899 shares during the period. Eastern Bank’s holdings in Intel were worth $666,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Westbourne Investments Inc. lifted 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. KLP Kapitalforvaltning AS lifted its holdings in shares of Intel by 6.4% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 1,558,908 shares of the chip maker’s stock worth $34,920,000 after acquiring an additional 93,900 shares during the period. LBP AM SA lifted its holdings in shares of Intel by 1.8% during the 2nd quarter. LBP AM SA now owns 734,813 shares of the chip maker’s stock worth $16,460,000 after acquiring an additional 13,248 shares during the period. Lockerman Financial Group Inc. bought a new position in shares of Intel during the 2nd quarter worth about $237,000. Finally, Swedbank AB lifted its holdings in shares of Intel by 5.0% during the 2nd quarter. Swedbank AB now owns 9,467,128 shares of the chip maker’s stock worth $212,064,000 after acquiring an additional 454,234 shares during the period. 64.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

INTC has been the subject of a number of analyst reports. JPMorgan Chase & Co. reaffirmed a “sell” rating and set a $21.00 price objective on shares of Intel in a report on Friday, September 19th. Mizuho raised their price objective on shares of Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, July 3rd. Erste Group Bank raised shares of Intel from a “sell” rating to a “hold” rating in a report on Monday, September 22nd. Cantor Fitzgerald lifted their price target on shares of Intel from $26.00 to $36.00 and gave the company a “neutral” rating in a report on Friday, September 19th. Finally, Benchmark raised shares of Intel from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a report on Friday, September 19th. Two research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and seven have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $26.63.

Intel Trading Down 3.6%

INTC opened at $36.44 on Friday. 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 company has a market cap of $159.49 billion, a price-to-earnings ratio of -7.64 and a beta of 1.33. The firm has a 50 day simple moving average of $27.17 and a 200 day simple moving average of $23.24. Intel Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $39.65.

Intel (NASDAQ:INTC) last issued 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). The firm had revenue of $12.86 billion for the quarter, compared to analyst estimates of $11.88 billion. Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.02 EPS. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. On average, sell-side analysts anticipate that Intel Corporation will post -0.11 earnings per share 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.