Mengis Capital Management Inc. Increases Stock Position in Intel Corporation $INTC

Mengis Capital Management Inc. boosted its position in shares of Intel Corporation (NASDAQ:INTC – Free Report) by 154.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,811 shares of the chip maker’s stock after buying an additional 10,208 shares during the quarter. Mengis Capital Management Inc.’s holdings in Intel were worth $620,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Worthington Financial Partners LLC acquired a new position in shares of Intel in the fourth quarter worth about $781,000. Rehmann Capital Advisory Group boosted its stake in shares of Intel by 34.7% during the 4th quarter. Rehmann Capital Advisory Group now owns 33,636 shares of the chip maker’s stock worth $1,241,000 after acquiring an additional 8,668 shares in the last quarter. SHP Wealth Management acquired a new stake in shares of Intel during the 4th quarter valued at about $94,000. Tulsa Wealth Advisors INC acquired a new stake in shares of Intel during the 4th quarter valued at about $259,000. Finally, NWF Advisory Services Inc. increased its stake in shares of Intel by 22.2% in the 4th quarter. NWF Advisory Services Inc. now owns 8,180 shares of the chip maker’s stock valued at $302,000 after purchasing an additional 1,486 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

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Intel Price Performance

NASDAQ INTC opened at $133.99 on Friday. The business has a fifty day moving average price of $102.59 and a 200 day moving average price of $64.69. Intel Corporation has a one year low of $18.97 and a one year high of $135.48. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.85 and a current ratio of 2.31. The company has a market cap of $673.43 billion, a P/E ratio of -216.11 and a beta of 2.21.

Intel (NASDAQ:INTC – Get Free Report) last announced its earnings results on Thursday, April 23rd. The chip maker reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.28. Intel had a negative net margin of 5.90% and a positive return on equity of 0.39%. The company had revenue of $13.58 billion for the quarter, compared to analysts’ expectations of $12.32 billion. During the same quarter in the previous year, the company posted $0.13 EPS. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. Intel has set its Q2 2026 guidance at 0.200-0.200 EPS. Research analysts anticipate that Intel Corporation will post 0.63 EPS for the current fiscal year.

Intel News Summary

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Trump’s comments that Apple has agreed to work with Intel on U.S. chip design and production sparked a strong rally, with investors seeing the potential for a high-profile foundry win and a major endorsement of Intel’s turnaround. Reuters: Trump says Apple to work with Intel to manufacture chips in US
• Positive Sentiment: Intel appointed Seok-Hee Lee, a former SK Hynix executive, to lead advanced packaging and back-end foundry manufacturing, which could improve execution in a critical growth area. Reuters: Intel taps industry veteran Seok-Hee Lee
• Positive Sentiment: Intel Foundry said its 18A-P process entered risk production, a milestone that supports the company’s roadmap and strengthens the case for a manufacturing recovery. Yahoo Finance: Intel Foundry Advances Intel 18A-P Process to Risk Production
• Neutral Sentiment: Several opinion pieces and market commentary continue to debate whether Intel’s valuation has run ahead of fundamentals, suggesting expectations are now very high after the rally. 247WallSt: Analyst Warns Intel Valuation Doesn’t Make Sense
• Negative Sentiment: Some analysts remain cautious, arguing Intel’s recent price move may be pricing in too much too quickly and that execution risks remain before the turnaround is fully proven. Seeking Alpha: Intel the Re-Rating Has Gone Too Far

Insider Buying and Selling at Intel

In related news, EVP Boise April Miller sold 40,256 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $99.53, for a total transaction of $4,006,679.68. Following the transaction, the executive vice president directly owned 105,077 shares in the company, valued at approximately $10,458,313.81. The trade was a 27.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.05% of the company’s stock.

Analyst Upgrades and Downgrades

INTC has been the subject of a number of analyst reports. Wells Fargo & Company upped their price target on Intel from $85.00 to $110.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. TD Cowen raised their price objective on Intel from $60.00 to $75.00 and gave the company a “hold” rating in a report on Friday, April 24th. Raymond James Financial upgraded Intel from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, April 21st. BNP Paribas Exane raised Intel from an “underperform” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Tuesday, April 21st. Finally, Truist Financial increased their target price on Intel from $49.00 to $81.00 and gave the company a “hold” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twenty-seven have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, Intel presently has an average rating of “Hold” and a consensus price target of $87.09.

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Intel Company Profile

(Free Report)

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.

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