Plimoth Trust Co. LLC Has $530,000 Position in Intel Corporation $INTC

Plimoth Trust Co. LLC cut its holdings in Intel Corporation (NASDAQ:INTC) by 10.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,666 shares of the chip maker’s stock after selling 2,810 shares during the quarter. Plimoth Trust Co. LLC’s holdings in Intel were worth $530,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in INTC. Nuveen LLC acquired a new stake in shares of Intel in the first quarter valued at approximately $538,430,000. Kingstone Capital Partners Texas LLC bought a new position in Intel in the 2nd quarter valued at $345,245,000. Price T Rowe Associates Inc. MD increased its stake in shares of Intel by 99.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,829,385 shares of the chip maker’s stock valued at $677,426,000 after buying an additional 14,901,457 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Intel by 133.3% during the first quarter. Goldman Sachs Group Inc. now owns 18,758,658 shares of the chip maker’s stock worth $426,009,000 after acquiring an additional 10,719,274 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Intel by 86.4% during the second quarter. Assenagon Asset Management S.A. now owns 22,705,050 shares of the chip maker’s stock valued at $508,593,000 after acquiring an additional 10,523,590 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Down 1.3%

Shares of Intel stock opened at $36.83 on Monday. The firm has a market cap of $161.20 billion, a PE ratio of -7.72 and a beta of 1.33. The business’s 50 day simple moving average is $25.47 and its 200 day simple moving average is $22.78. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.24. Intel Corporation has a 52-week low of $17.67 and a 52-week high of $38.08.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.11). Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%.The firm had revenue of $12.86 billion for the quarter, compared to analyst estimates of $11.88 billion. During the same period last year, the company earned $0.02 EPS. The company’s revenue was up .5% compared to the same quarter last year. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. On average, analysts predict that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on INTC shares. Loop Capital began coverage on Intel in a research report on Monday, July 21st. They issued a “hold” rating and a $25.00 price objective for the company. DZ Bank reiterated a “sell” rating on shares of Intel in a research report on Friday, September 19th. Mizuho boosted their price target on shares of Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, July 3rd. Benchmark raised shares of Intel from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Friday, September 19th. Finally, Cantor Fitzgerald upped their target price on shares of Intel from $26.00 to $36.00 and gave the company a “neutral” rating in a research report on Friday, September 19th. Two equities research analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat, Intel has an average rating of “Reduce” and an average target price of $26.19.

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.