Intel Corporation $INTC Stake Lowered by First Trust Advisors LP

First Trust Advisors LP lessened its position in Intel Corporation (NASDAQ:INTC) by 14.3% during the first quarter, Holdings Channel reports. The fund owned 5,158,883 shares of the chip maker’s stock after selling 860,615 shares during the quarter. First Trust Advisors LP’s holdings in Intel were worth $227,661,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of INTC. Demars Financial Group LLC raised its stake in Intel by 1.7% during the 1st quarter. Demars Financial Group LLC now owns 7,675 shares of the chip maker’s stock valued at $339,000 after acquiring an additional 125 shares in the last quarter. Human Investing LLC raised its stake in shares of Intel by 0.9% during the first quarter. Human Investing LLC now owns 14,525 shares of the chip maker’s stock valued at $641,000 after purchasing an additional 126 shares in the last quarter. Raleigh Capital Management Inc. raised its stake in shares of Intel by 15.9% during the first quarter. Raleigh Capital Management Inc. now owns 924 shares of the chip maker’s stock valued at $41,000 after purchasing an additional 127 shares in the last quarter. Angeles Wealth Management LLC lifted its holdings in Intel by 0.7% in the first quarter. Angeles Wealth Management LLC now owns 19,107 shares of the chip maker’s stock worth $843,000 after purchasing an additional 134 shares during the period. Finally, Signature Resources Capital Management LLC increased its stake in Intel by 21.5% during the 1st quarter. Signature Resources Capital Management LLC now owns 831 shares of the chip maker’s stock valued at $37,000 after buying an additional 147 shares during the period. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Stock Performance

Shares of INTC stock opened at $102.62 on Thursday. The company has a market capitalization of $515.77 billion, a price-to-earnings ratio of -165.51 and a beta of 2.18. Intel Corporation has a 1-year low of $18.97 and a 1-year high of $142.35. The company has a current ratio of 2.31, a quick ratio of 1.85 and a debt-to-equity ratio of 0.34. The stock’s fifty day simple moving average is $116.48 and its 200-day simple moving average is $77.54.

Intel (NASDAQ:INTC) last announced its quarterly earnings data 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 positive return on equity of 0.39% and a negative net margin of 5.90%.The firm had revenue of $13.58 billion during the quarter, compared to the consensus estimate of $12.32 billion. During the same period in the prior year, the business earned $0.13 EPS. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, sell-side analysts predict that Intel Corporation will post 0.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

INTC has been the topic of several research analyst reports. Mizuho set a $135.00 price target on Intel in a research report on Sunday, June 21st. Citigroup raised Intel from a “buy” rating to a “buy” rating in a research note on Thursday, June 11th. Benchmark lifted their target price on Intel from $105.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Wolfe Research initiated coverage on shares of Intel in a research report on Thursday, June 11th. They issued a “peer perform” rating on the stock. Finally, JPMorgan Chase & Co. upped their price target on shares of Intel from $35.00 to $45.00 and gave the company an “underweight” rating in a report on Friday, April 24th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twenty-nine have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Intel currently has a consensus rating of “Hold” and an average price target of $102.77.

Intel News Roundup

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel’s foundry business landed its first named outside customer under CEO Lip-Bu Tan, with Fortinet signing on to use Intel Foundry for its Security Processor 6 on Intel 4. The announcement also reinforced the idea that Intel is gaining traction in contract manufacturing. Intel’s foundry lands first named customer under CEO Lip-Bu Tan, as Fortinet signs on for security chips
• Positive Sentiment: Analyst and market commentary turned more constructive ahead of earnings, with reports citing stronger server demand, pricing gains, and a likely Q2 revenue beat. Several funds were also said to be buying Intel stock ahead of the results. Wedbush delivers bold verdict on Intel stock ahead of earnings
• Positive Sentiment: Intel also benefited from a broader chip rebound and optimism around AI demand, with several stories suggesting its turnaround, foundry efforts, and AI infrastructure exposure could support upside if Thursday’s report confirms momentum. Intel results test if AI-fueled rally has room to run
• Neutral Sentiment: There were also reports that Intel is seeking a partner for its Ohio chip fab, rather than selling it outright, and SK hynix quickly denied acquisition talks. That kept the rumor mill active but did not create a clear new strategic catalyst. Intel mulls partnership for Ohio chip fab, SK Hynix among candidates – report
• Negative Sentiment: Pressure remains from a sluggish PC market, high expectations after a huge year-to-date run, and reports of fresh data-center layoffs as CEO Lip-Bu Tan continues restructuring. Investors appear concerned that earnings may need to be very strong to justify the recent rally. Intel plans layoffs within its data center group

Insider Activity

In related news, EVP Boise April Miller sold 40,256 shares of Intel stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.05% of the stock is owned by company insiders.

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.