OLD Point Trust & Financial Services N A Has $237,000 Stock Holdings in Intel Corporation $INTC

OLD Point Trust & Financial Services N A decreased its stake in shares of Intel Corporation (NASDAQ:INTC) by 83.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,050 shares of the chip maker’s stock after selling 35,581 shares during the period. OLD Point Trust & Financial Services N A’s holdings in Intel were worth $237,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in INTC. Norges Bank bought a new stake in shares of Intel during the second quarter valued at approximately $1,579,378,000. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Intel in the 2nd quarter valued at $345,245,000. Price T Rowe Associates Inc. MD raised its position in shares of Intel by 99.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,829,385 shares of the chip maker’s stock worth $677,426,000 after acquiring an additional 14,901,457 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Intel by 86.4% in 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 last quarter. Finally, AQR Capital Management LLC increased its position in Intel by 210.9% in the second quarter. AQR Capital Management LLC now owns 15,498,219 shares of the chip maker’s stock worth $346,230,000 after purchasing an additional 10,514,007 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Performance

Shares of Intel stock opened at $36.05 on Thursday. The stock’s fifty day simple moving average is $38.07 and its 200 day simple moving average is $29.13. The company has a current ratio of 1.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $172.21 billion, a PE ratio of 3,608.61 and a beta of 1.34. Intel Corporation has a 12 month low of $17.67 and a 12 month high of $44.02.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, October 23rd. The chip maker reported $0.23 earnings per share (EPS) for the quarter. The firm had revenue of $13.65 billion during the quarter, compared to analysts’ expectations 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 was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.46) earnings per share. Intel has set its Q4 2025 guidance at 0.080-0.080 EPS. On average, research analysts predict that Intel Corporation will post -0.11 EPS for the current year.

Analyst Upgrades and Downgrades

INTC has been the topic of several recent research reports. Barclays raised their target price on shares of Intel from $25.00 to $35.00 and gave the company an “equal weight” rating in a research note on Friday, October 24th. Benchmark raised their price objective on shares of Intel from $43.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Hsbc Global Res cut shares of Intel from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, October 7th. Roth Capital increased their price target on Intel from $30.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Finally, Northland Securities lifted their price objective on Intel from $28.00 to $42.00 in a research note on Friday, September 19th. Two equities research analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and eight have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $34.84.

Intel 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.