199,555 Intel Corporation $INTC Shares Sold by Sumitomo Mitsui Trust Group Inc.

Posted by Francis Steltz on Nov 1st, 2026

Sumitomo Mitsui Trust Group Inc. reduced its stake in Intel Corporation (NASDAQ:INTC – Free Report) by 1.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 10,401,145 shares of the chip maker’s stock after selling 199,555 shares during the period. Intel makes up 0.7% of Sumitomo Mitsui Trust Group Inc.’s investment portfolio, making the stock its 19th largest position. Sumitomo Mitsui Trust Group Inc.’s holdings in Intel were worth $1,250,530,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in INTC. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Intel during the third quarter worth approximately $734,249,000. Aviance Capital Partners LLC increased its holdings in shares of Intel by 28.1% in the 3rd quarter. Aviance Capital Partners LLC now owns 12,416 shares of the chip maker’s stock valued at $1,493,000 after acquiring an additional 2,721 shares during the period. Stevens Capital Partners raised its position in Intel by 18.8% in the 3rd quarter. Stevens Capital Partners now owns 3,841 shares of the chip maker’s stock valued at $462,000 after purchasing an additional 609 shares during the last quarter. ProShare Advisors LLC raised its position in Intel by 11.1% in the 3rd quarter. ProShare Advisors LLC now owns 6,585,227 shares of the chip maker’s stock valued at $791,742,000 after purchasing an additional 656,970 shares during the last quarter. Finally, Vise Technologies Inc. raised its position in Intel by 34.0% in the 3rd quarter. Vise Technologies Inc. now owns 152,269 shares of the chip maker’s stock valued at $18,307,000 after purchasing an additional 38,656 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Down 28.6%

Shares of NASDAQ:INTC opened at $65.76 on Friday. The company has a market cap of $331.69 billion, a price-to-earnings ratio of -27.29, a PEG ratio of 6.98 and a beta of 2.22. The firm’s 50-day simple moving average is $101.10 and its 200-day simple moving average is $86.36. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.47. Intel Corporation has a fifty-two week low of $32.89 and a fifty-two week high of $142.35.

Intel (NASDAQ:INTC – Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The chip maker reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.11. Intel had a positive return on equity of 4.55% and a negative net margin of 20.09%. The firm had revenue of $16.51 billion for the quarter, compared to the consensus estimate of $16.56 billion. During the same period in the previous year, the business earned $0.23 earnings per share. The company’s revenue for the quarter was up 20.9% compared to the same quarter last year. As a group, equities research analysts predict that Intel Corporation will post 1.07 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on INTC. KeyCorp decreased their price target on shares of Intel from $155.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday. DA Davidson dropped their price objective on shares of Intel from $100.00 to $70.00 and set a “neutral” rating on the stock in a research note on Friday. Northland Securities set a $93.00 target price on shares of Intel in a report on Friday. The Goldman Sachs Group reiterated a “neutral” rating and set a $100.00 target price on shares of Intel in a research note on Friday. Finally, Evercore reiterated an “outperform” rating and set a $133.00 target price on shares of Intel in a research note on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, twenty-seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $97.86.

Read Our Latest Research Report on INTC

Intel News Summary

Here are the key news stories impacting Intel this week:

Positive Sentiment: Intel exceeded third-quarter expectations, reporting adjusted earnings of $0.52 per share versus a roughly $0.41 consensus estimate. Revenue increased 21% year over year to approximately $16.5 billion. Intel third-quarter earnings report
Positive Sentiment: Data Center and AI revenue rose 78% to $7.3 billion, while Intel Foundry revenue increased 58% to $6.7 billion. CEO Lip-Bu Tan also highlighted the potential for AI agents to expand the server CPU market. Intel server and AI revenue coverage
Neutral Sentiment: Intel agreed to acquire Israeli quantum software company Classiq Technologies for about $2.3 billion, seeking to build a full-stack quantum-computing business. The deal may provide a long-term growth option but adds to near-term spending and execution demands. Intel Classiq acquisition
Negative Sentiment: Fourth-quarter guidance was well below Wall Street expectations: revenue is projected at $15 billion-$16 billion, versus approximately $17.1 billion expected, with adjusted earnings of about $0.25 per share versus roughly $0.45 expected. Management said the PC slowdown could persist through at least the first half of 2027. Reuters Intel outlook report
Negative Sentiment: Memory shortages and higher component prices are making PCs more expensive, while Intel expects client-computing revenue to weaken. A blast at its Israel facility is expected to cause roughly $300 million-$600 million in revenue disruption, adding to manufacturing constraints. Intel PC slowdown and Israel facility report
Negative Sentiment: Analysts responded with multiple downgrades and price-target reductions, citing weak PC demand, supply bottlenecks, lower margins, heavy foundry investment and the risk that Intel may not generate free cash flow in 2027. The outlook also triggered a broad semiconductor selloff, pressuring AMD, Nvidia, Broadcom and other chip stocks. Analyst reactions to Intel earnings

Insider Buying and Selling at Intel

In other Intel news, CEO Lip Bu Tan acquired 105,263 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired 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. This represents a 8.70% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.05% of the stock is currently owned by corporate insiders.

Intel Profile

(Free Report)

Intel Corporation (NASDAQ:INTC) is a global semiconductor company that designs and manufactures computing and connectivity products. Its portfolio includes Intel Core processors for personal computers, Xeon processors for data centers and enterprise systems, and products for networking, edge computing, graphics, and artificial intelligence workloads.

Through Intel Foundry, the company also provides semiconductor manufacturing and technology-development services for external customers. Intel develops process technologies, advanced packaging, and other manufacturing capabilities intended to support its own products and third-party chip designs.

Founded in 1968 by Robert Noyce and Gordon Moore, Intel helped establish the modern microprocessor industry and has historically supplied processors for PCs, servers, and other computing systems.