NewEdge Wealth LLC reduced its stake in shares of Intel Corporation (NASDAQ:INTC – Free Report) by 33.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 43,160 shares of the chip maker’s stock after selling 21,687 shares during the quarter. NewEdge Wealth LLC’s holdings in Intel were worth $1,905,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Intel by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 404,522,308 shares of the chip maker’s stock worth $14,926,873,000 after buying an additional 13,692,624 shares during the last quarter. State Street Corp raised its position in Intel by 2.8% during the fourth quarter. State Street Corp now owns 208,536,784 shares of the chip maker’s stock valued at $7,695,007,000 after acquiring an additional 5,714,400 shares in the last quarter. Capital World Investors lifted its holdings in Intel by 20.3% in the fourth quarter. Capital World Investors now owns 104,060,268 shares of the chip maker’s stock valued at $3,839,833,000 after acquiring an additional 17,557,147 shares during the period. Geode Capital Management LLC lifted its holdings in Intel by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 101,931,512 shares of the chip maker’s stock valued at $3,744,406,000 after acquiring an additional 3,124,798 shares during the period. Finally, Morgan Stanley boosted its position in Intel by 20.4% in the 4th quarter. Morgan Stanley now owns 65,249,269 shares of the chip maker’s stock worth $2,407,698,000 after purchasing an additional 11,056,090 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the stock. Freedom Capital raised shares of Intel from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. Sanford C. Bernstein reissued a “market perform” rating and set a $100.00 price target on shares of Intel in a report on Wednesday, June 17th. Barclays raised their price target on shares of Intel from $65.00 to $100.00 and gave the company an “equal weight” rating in a research report on Monday, June 1st. Zacks Research raised shares of Intel from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 23rd. Finally, Jefferies Financial Group assumed coverage on shares of Intel in a research report on Thursday, June 11th. They issued a “buy” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twenty-nine have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $107.67.
Insider Transactions at Intel
In other news, EVP Boise April Miller sold 40,256 shares of Intel stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $99.53, for a total value of $4,006,679.68. Following the sale, the executive vice president owned 105,077 shares in the company, valued at $10,458,313.81. This trade represents a 27.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.05% of the stock is currently owned by insiders.
More Intel News
Here are the key news stories impacting Intel this week:
- Positive Sentiment: Intel beat Q2 expectations with EPS of $0.42 versus $0.21 expected and revenue of $16.13 billion versus $14.43 billion, marking its fastest revenue growth in more than 15 years. Reuters article
- Positive Sentiment: Intel’s Q3 guidance topped estimates, signaling management sees continued momentum from AI-related server-chip demand and improving foundry execution. CNBC article
- Positive Sentiment: Analysts and media coverage highlighted stronger data-center and AI demand, along with early progress in Intel’s foundry business and 18A manufacturing roadmap. MarketWatch/Fool article
Intel Trading Down 7.9%
Shares of INTC stock opened at $92.32 on Friday. Intel Corporation has a 1-year low of $18.97 and a 1-year high of $142.35. The company has a market cap of $464.00 billion, a price-to-earnings ratio of -43.75 and a beta of 2.18. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.31 and a quick ratio of 1.85. The stock has a 50 day simple moving average of $115.84 and a 200-day simple moving average of $78.07.
Intel (NASDAQ:INTC – Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The chip maker reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.21. The firm had revenue of $16.13 billion for 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 2.52%. The firm’s revenue for the quarter was up 25.2% compared to the same quarter last year. During the same quarter last year, the company earned ($0.10) EPS. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. On average, equities research analysts expect that Intel Corporation will post 0.65 EPS for the current fiscal year.
Intel 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.
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