Mitchell Sinkler & Starr PA Decreases Position in Intel Corporation $INTC

Mitchell Sinkler & Starr PA lowered its stake in shares of Intel Corporation (NASDAQ:INTC) by 93.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,663 shares of the chip maker’s stock after selling 160,572 shares during the period. Mitchell Sinkler & Starr PA’s holdings in Intel were worth $261,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of INTC. Nuveen LLC purchased a new stake in shares of Intel during the 1st quarter worth approximately $538,430,000. Kingstone Capital Partners Texas LLC purchased a new position in Intel in the 2nd quarter valued at approximately $345,245,000. Price T Rowe Associates Inc. MD grew its stake in 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 in the last quarter. Goldman Sachs Group Inc. grew its stake in Intel by 133.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 18,758,658 shares of the chip maker’s stock valued at $426,009,000 after buying an additional 10,719,274 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in Intel by 86.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 22,705,050 shares of the chip maker’s stock valued at $508,593,000 after buying an additional 10,523,590 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Stock Down 3.6%

INTC opened at $36.44 on Friday. The company has a fifty day moving average price of $27.17 and a 200-day moving average price of $23.24. The firm has a market capitalization of $159.49 billion, a P/E ratio of -7.64 and a beta of 1.33. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.92. Intel Corporation has a one year low of $17.67 and a one year high of $39.65.

Intel (NASDAQ:INTC) last posted 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). Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%.The company had revenue of $12.86 billion for the quarter, compared to the consensus estimate of $11.88 billion. During the same period in the prior year, the firm posted $0.02 earnings per share. The business’s revenue was up .5% on a year-over-year basis. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. Equities research analysts expect that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

INTC has been the subject of a number of recent research reports. HSBC reiterated a “reduce” rating and issued a $24.00 price objective (up from $21.25) on shares of Intel in a research note on Tuesday. Seaport Res Ptn upgraded shares of Intel from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 24th. UBS Group lifted their price objective on shares of Intel from $35.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. Citigroup reiterated a “sell” rating and issued a $29.00 price objective (up from $24.00) on shares of Intel in a research note on Friday, September 19th. Finally, Hsbc Global Res lowered shares of Intel from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and seven have issued a Sell rating to the company. Based on data from MarketBeat.com, Intel has a consensus rating of “Reduce” and an average target price of $26.63.

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.