Cannell & Spears LLC decreased its holdings in Intel Corporation (NASDAQ:INTC – Free Report) by 14.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 221,460 shares of the chip maker’s stock after selling 36,725 shares during the period. Cannell & Spears LLC’s holdings in Intel were worth $9,751,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. iA Global Asset Management Inc. grew its holdings in shares of Intel by 17.0% in the fourth quarter. iA Global Asset Management Inc. now owns 593,043 shares of the chip maker’s stock valued at $21,883,000 after purchasing an additional 86,189 shares in the last quarter. Whalerock Point Partners LLC purchased a new stake in Intel during the fourth quarter valued at $205,000. Heritage Investment Group Inc. bought a new position in Intel during the fourth quarter valued at $219,000. Dixon Mitchell Investment Counsel Inc. bought a new position in Intel during the fourth quarter valued at $185,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Intel by 5.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 255,261 shares of the chip maker’s stock worth $9,419,000 after buying an additional 13,858 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.
Insider Activity
In related news, EVP Boise April Miller sold 40,256 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $99.53, for a total transaction of $4,006,679.68. Following the completion of the sale, the executive vice president directly owned 105,077 shares of the company’s stock, valued at approximately $10,458,313.81. This trade represents a 27.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.05% of the company’s stock.
Analysts Set New Price Targets
Check Out Our Latest Stock Analysis on Intel
Intel News Summary
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 Stock Performance
Shares of NASDAQ:INTC opened at $92.32 on Friday. The company has a market capitalization of $464.00 billion, a price-to-earnings ratio of -43.75 and a beta of 2.18. Intel Corporation has a 12 month low of $18.97 and a 12 month high of $142.35. The firm’s 50-day moving average is $115.84 and its 200 day moving average is $78.07. The company has a current ratio of 2.31, a quick ratio of 1.85 and a debt-to-equity ratio of 0.34.
Intel (NASDAQ:INTC – Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The chip maker reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.21. Intel had a negative net margin of 19.79% and a positive return on equity of 2.52%. The business had revenue of $16.13 billion during the quarter, compared to the consensus estimate of $14.43 billion. During the same quarter last year, the firm earned ($0.10) earnings per share. The firm’s quarterly revenue was up 25.2% compared to the same quarter last year. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. Research analysts predict that Intel Corporation will post 0.65 EPS for the current year.
Intel Company 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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