Intel Corporation

NASDAQ Global Select
Back to all articles
Bullish +55

Intel Corporation $INTC Shares Sold by Bank of America Corp DE

📉 Bank of America Corp DE decreased its Intel holdings by 7.3% in Q1, selling 1.84 million shares while retaining a $1.03 billion stake.

📈 iA Global Asset Management Inc. increased its Intel position by 17% in Q4, adding 86,189 shares to its portfolio.

🏦 Citigroup upgraded Intel from 'positive' to 'buy', while TD Cowen raised its price target to $115.

💰 Intel reported Q2 revenue of $16.13 billion, surpassing analyst estimates of $14.43 billion by 11.8%.

📊 Earnings per share reached $0.42, beating the consensus estimate of $0.21 and reversing a loss from the previous year.

🚀 Revenue grew 25.2% year-over-year compared to the same quarter in the prior fiscal year.

🎯 The company provided Q3 2026 guidance for EPS between $0.38 and $0.38.

📉 Intel's stock trades at a negative PE ratio of -42.75 with a market cap of $454.97 billion.

⚖️ The balance sheet shows a quick ratio of 1.25 and a debt-to-equity ratio of 0.47.

📉 Weiss Ratings maintains a 'sell (d-)' rating on Intel shares despite recent upgrades from other firms.

Bullish Signals
  • Intel reported revenue of $16.13 billion, which beat analyst estimates of $14.43 billion by $1.7 billion.
  • Earnings per share of $0.42 significantly topped the consensus estimate of $0.21, representing a $0.21 beat.
  • Revenue increased 25.2% compared to the same quarter in the previous year.
  • The company returned to profitability with positive EPS of $0.42 after posting a loss of ($0.10) in the prior year quarter.
  • Citigroup upgraded Intel from a 'positive' rating to a 'buy' rating in a recent research report.
  • TD Cowen raised its price target on Intel from $75.00 to $115.00.
  • Bank of America restated a 'buy' rating and issued a $160.00 target price on the stock.
  • BTIG Research upgraded Intel from a 'neutral' rating to a 'buy' rating in June.
Risk Factors
  • The company has a negative net margin of -19.79% despite the revenue beat.
  • Intel's PE ratio is -42.75, indicating that the stock price is currently above its trailing earnings per share.
  • Weiss Ratings reaffirmed a 'sell (d-)' rating on Intel shares in a report from July 21st.
  • The consensus analyst rating remains 'Hold' with a target price of $107.93, which is below Bank of America's $160 target.
Full Analysis
Bank of America Corp DE reduced its stake in Intel Corporation by 7.3% during the first quarter, selling approximately 1.84 million shares and holding a remaining position valued at roughly $1.03 billion. While Bank of America decreased its exposure, several other institutional investors increased their holdings in the fourth quarter, including iA Global Asset Management Inc., which boosted its stake by 17%, and multiple smaller firms establishing new positions. Analyst sentiment regarding Intel remains mixed but shows signs of improvement with recent upgrades from Citigroup and BTIG Research to 'buy' ratings. TD Cowen raised its price target to $115, while Bank of America restated a buy rating with a $160 target. Conversely, Weiss Ratings maintains a sell rating. The consensus rating is currently 'Hold' with an average price target near $108. Intel reported strong quarterly financial results for the period ending July 23rd, posting revenue of $16.13 billion which exceeded analyst estimates by over $1.7 billion. Earnings per share were $0.42, significantly beating the consensus estimate of $0.21 and reversing a loss from the prior year quarter. The company also provided Q3 2026 guidance for EPS between $0.38 and $0.38. The stock currently trades at a market capitalization of approximately $455 billion with a price-to-earnings ratio of -42.75, reflecting the recent earnings beat but ongoing profitability challenges. Key financial metrics include a quick ratio of 1.25 and a debt-to-equity ratio of 0.47, indicating a relatively strong liquidity position despite the negative PE multiple.