First Citizens Bank & Trust 13F: Adds $16M to Intel (INTC) Stake

First Citizens Bank & Trust has significantly increased its stake in Intel Corporation (NasdaqGS: INTC), according to its latest Form 13F filing with the SEC. The bank added 136,202 shares, boosting its holdings by 290% to a total of 183,098 shares valued at approximately $22 million as of the reporting period.

What Changed in First Citizens Bank & Trust's Intel Position

First Citizens Bank & Trust's recent activity shows a strong increase in its investment in Intel. Previously holding 46,896 shares, the bank's new total of 183,098 shares marks a 290.4% increase in its position. The value of these shares is reported at $22 million.

Intel Corporation Stock Down 7.8%

Shares of Intel Corporation, listed on the NasdaqGS under the ticker INTC, have a market capitalization of about $501 billion. The stock's forward P/E ratio stands at 45.31, indicating its valuation relative to expected earnings. Intel's beta, a measure of volatility, is 2.23. Over the past 52 weeks, the stock has traded between $32.89 and $142.35. The 50-day moving average is $103.37, while the 200-day moving average is $84.29. Intel's financial health is supported by a current ratio of 1.60 and a quick ratio of 1.16, with a debt-to-equity ratio of 49.

Recent Earnings

Intel Corporation reported revenues of $57 billion, reflecting a growth rate of 25.4%. Despite this revenue, the company posted a net margin of -19.8% and a return on equity of -10.7%, indicating financial challenges. The next earnings report is scheduled for October 29, 2026.

About Intel Corporation

Intel Corporation, headquartered in Santa Clara, California, is a leading technology company in the semiconductor industry. It designs, develops, and manufactures a wide range of computing products and services, including CPUs, GPUs, and networking products. Intel serves various markets, including original equipment manufacturers, cloud service providers, and other technology companies. The company operates globally, with significant operations in the United States, Ireland, and Israel, and is led by CEO Mr. Lip-Bu Tan.

Bottom Line

First Citizens Bank & Trust's substantial increase in its Intel holdings signals a notable interest in the tech giant. Investors often track such filings to gauge institutional confidence in a company's future prospects. It's important to remember that 13F filings are backward-looking and may not reflect the investor's current position.