Canandaigua National Bank & Trust Co. Takes $2.89 Million Position in Intel Corporation $INTC

Canandaigua National Bank & Trust Co. acquired a new position in shares of Intel Corporation (NASDAQ:INTC) in the 2nd quarter, HoldingsChannel reports. The firm acquired 20,719 shares of the chip maker’s stock, valued at approximately $2,893,000.

Other large investors also recently bought and sold shares of the company. iA Global Asset Management Inc. grew its holdings in shares of Intel by 17.0% during the fourth quarter. iA Global Asset Management Inc. now owns 593,043 shares of the chip maker’s stock worth $21,883,000 after buying an additional 86,189 shares in the last quarter. Whalerock Point Partners LLC acquired a new stake in shares of Intel in the fourth quarter valued at about $205,000. Heritage Investment Group Inc. purchased a new position in shares of Intel in the fourth quarter worth about $219,000. Dixon Mitchell Investment Counsel Inc. acquired a new position in Intel during the fourth quarter worth about $185,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Intel by 5.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 255,261 shares of the chip maker’s stock worth $9,419,000 after acquiring an additional 13,858 shares during the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

INTC has been the subject of a number of recent research reports. KGI Securities downgraded shares of Intel from an “outperform” rating to a “neutral” rating and set a $71.00 price objective for the company. in a report on Monday, April 20th. TD Cowen boosted their target price on Intel from $75.00 to $115.00 and gave the stock a “hold” rating in a report on Monday, July 13th. HSBC restated a “buy” rating on shares of Intel in a research report on Friday, July 24th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Intel in a report on Thursday, July 23rd. Finally, Rosenblatt Securities increased their price target on Intel from $65.00 to $80.00 and gave the company a “sell” rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, thirty have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $107.93.

Intel Trading Up 10.8%

Shares of INTC stock opened at $100.86 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 1.25. The firm has a market cap of $508.74 billion, a PE ratio of -47.80 and a beta of 2.22. The company has a 50-day moving average of $112.11 and a two-hundred day moving average of $80.62. Intel Corporation has a 1-year low of $19.60 and a 1-year high of $142.35.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, July 23rd. The chip maker reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.21. The business had revenue of $16.13 billion during the quarter, compared to analysts’ expectations of $14.43 billion. Intel had a negative net margin of 19.79% and a positive return on equity of 2.62%. The business’s revenue for the quarter was up 25.2% on a year-over-year basis. During the same period last year, the business earned ($0.10) earnings per share. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. On average, analysts predict that Intel Corporation will post 1.01 EPS for the current year.

Key Stories Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: A broad risk-on rally lifted the chip sector, with investors buying Intel, AMD and other semiconductor names as the AI trade regained momentum. Intel’s rebound was particularly strong after the stock fell heavily in July. Intel Soars 10%, AMD Jumps 8%, Broadcom Rises 6% as Chip Stocks Ride a Risk-On Rally
• Positive Sentiment: Investors continued to focus on Intel’s better-than-expected second-quarter results: revenue rose about 25% year over year to $16.13 billion, while adjusted earnings of $0.42 per share exceeded consensus by a wide margin. The midpoint of next-quarter revenue guidance was also reportedly well above analysts’ expectations, supported by data-center and AI demand. INTC Q2 Deep Dive: Data Center and AI Strength Offset Market Concerns Amid Supply Constraints
• Positive Sentiment: Improving yields for Intel’s Embedded Multi-die Interconnect Bridge (EMIB) advanced-packaging technology could strengthen its position in AI hardware and potentially bring a long-rumored partnership to supply packaging for Google’s tensor processing units (TPUs) closer to reality. Intel’s Packaging Progress Points to Google
• Neutral Sentiment: Intel’s Core Ultra chip price increases may improve revenue and margins, but they could also make upgrades more expensive and risk weakening consumer demand. Intel Stock Blasts Up as Core Ultra Chips Get Price Hikes
• Negative Sentiment: Competitive and execution risks remain. TSMC is reportedly developing packaging technology similar to EMIB, while Chinese AI-model advances could intensify pressure on Intel’s AI infrastructure ambitions. Intel vs. TSMC: Intel Is Winning an AI Battle Against TSMC
• Negative Sentiment: Analysts remain cautious because Intel is still loss-making, faces restructuring and plans substantial capital expenditures. Concern that industry-wide AI spending may not generate adequate returns contributed to the stock’s July decline and remains a risk to the rebound. Why Intel Stock Fell 35% Last Month

About Intel

Intel Corporation, founded in 1968 by Robert Noyce and Gordon E. Moore and headquartered in Santa Clara, California, is a leading global designer and manufacturer of semiconductor products. The company is historically notable for introducing the first commercial microprocessor and for driving the x86 architecture that underpins many personal computers and servers. Intel’s core business spans the design, fabrication and marketing of processors, chipsets and related components for a wide range of computing applications.

Intel’s product portfolio includes client and mobile processors marketed under brands such as Intel Core and Pentium, as well as high-performance Xeon processors for data centers and cloud infrastructure.