Intel Corporation $INTC Shares Sold by Florida Trust Wealth Management Co

Florida Trust Wealth Management Co decreased its position in Intel Corporation (NASDAQ:INTC) by 17.7% in the second quarter, HoldingsChannel.com reports. The fund owned 61,281 shares of the chip maker’s stock after selling 13,183 shares during the period. Florida Trust Wealth Management Co’s holdings in Intel were worth $8,557,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in INTC. Financially Speaking Inc raised its stake in shares of Intel by 69.2% in the fourth quarter. Financially Speaking Inc now owns 682 shares of the chip maker’s stock worth $25,000 after purchasing an additional 279 shares during the last quarter. Financial Life Planners acquired a new position in Intel in the 1st quarter worth approximately $25,000. Swiss RE Ltd. acquired a new position in Intel in the 4th quarter worth approximately $29,000. Osbon Capital Management LLC purchased a new position in Intel during the 4th quarter worth approximately $30,000. Finally, Beaird Harris Wealth Management LLC lifted its stake in Intel by 3,185.7% during the 2nd quarter. Beaird Harris Wealth Management LLC now owns 230 shares of the chip maker’s stock valued at $32,000 after acquiring an additional 223 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Performance

INTC opened at $102.50 on Friday. The firm has a fifty day moving average price of $110.26 and a 200 day moving average price of $83.29. Intel Corporation has a 1 year low of $22.77 and a 1 year high of $142.35. The stock has a market cap of $517.01 billion, a P/E ratio of -48.58 and a beta of 2.22. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 1.25.

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

Insider Activity at Intel

In other Intel news, CEO Lip Bu Tan bought 105,263 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average cost of $95.00 per share, for a total transaction of $9,999,985.00. Following the transaction, the chief executive officer directly owned 1,314,669 shares of the company’s stock, valued at approximately $124,893,555. The trade was a 8.70% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.05% of the stock is owned by company insiders.

Key Headlines Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: CEO Lip-Bu Tan purchased 105,263 Intel shares at $95 each, investing approximately $10 million and increasing his direct stake by 8.7%. The purchase is viewed as a vote of confidence in Intel’s recovery strategy. Intel insider purchase filing
• Positive Sentiment: Analyst and media coverage highlighted Intel’s approximately $20 billion equity raise as potential funding for expanded foundry capacity, production growth and new customer wins. Some analysts believe demand for Intel’s server processors is currently exceeding its manufacturing capacity. Intel foundry capital raise article
• Positive Sentiment: Intel’s second-quarter results showed strong momentum: revenue rose roughly 25% year over year to $16.1 billion, with Data Center and AI revenue reportedly increasing 59%. The results exceeded analyst expectations and reinforced the AI-related CPU growth narrative. Intel revenue growth article
• Neutral Sentiment: Intel is considering a return to the memory-chip market, supported by the capital raise and the appointment of former SK Hynix CEO Seok-Hee Lee to Intel Foundry. The opportunity could expand Intel’s addressable market, but the plan remains exploratory and would require substantial investment. Intel memory market article
• Negative Sentiment: The $20 billion common-stock offering creates significant dilution for existing shareholders and has encouraged profit-taking after Intel’s substantial rally. Investors are also focused on whether management can convert the new capital into profitable foundry growth and sustained free cash flow. Intel stock offering discussion

Analyst Upgrades and Downgrades

Several research firms have recently commented on INTC. TD Cowen upped their price objective on shares of Intel from $75.00 to $115.00 and gave the company a “hold” rating in a report on Monday, July 13th. Wall Street Zen cut shares of Intel from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Sanford C. Bernstein restated a “market perform” rating and set a $110.00 target price on shares of Intel in a research report on Monday, July 27th. Citigroup raised shares of Intel from a “positive” rating to a “buy” rating in a report on Thursday, July 23rd. Finally, Wells Fargo & Company increased their price target on Intel from $110.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, thirty-two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $107.85.

Intel Company Profile

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.