Cary Street Partners Financial LLC Cuts Stake in Intel Corporation $INTC

Cary Street Partners Financial LLC lowered its holdings in shares of Intel Corporation (NASDAQ:INTC) by 29.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 15,789 shares of the chip maker’s stock after selling 6,445 shares during the period. Cary Street Partners Financial LLC’s holdings in Intel were worth $583,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Themes Management Co LLC purchased a new position in Intel during the 4th quarter valued at approximately $1,602,000. Harbour Investments Inc. boosted its holdings in shares of Intel by 12.2% in the 4th quarter. Harbour Investments Inc. now owns 35,286 shares of the chip maker’s stock worth $1,302,000 after purchasing an additional 3,846 shares during the period. Allstate Corp boosted its holdings in shares of Intel by 112.8% in the 4th quarter. Allstate Corp now owns 339,275 shares of the chip maker’s stock worth $12,519,000 after purchasing an additional 179,850 shares during the period. Annis Gardner Whiting Capital Advisors LLC lifted its stake in shares of Intel by 19.3% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 4,175 shares of the chip maker’s stock worth $154,000 after acquiring an additional 676 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its stake in shares of Intel by 0.3% during the 4th quarter. Fisher Asset Management LLC now owns 150,605 shares of the chip maker’s stock worth $5,557,000 after acquiring an additional 455 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Insider Activity

In other 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 value 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. This trade represents a 27.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.05% of the company’s stock.

More Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel and Acer launched new gaming handhelds and laptops powered by Intel’s latest Arc G-Series and Core processors, highlighting stronger traction in portable gaming and AI PC hardware. Acer Expands Gaming Portfolio With Predator Atlas 8 Handheld Powered by Intel
• Positive Sentiment: Reuters reported that Intel and 3DGS will invest about $3.3 billion to build a substrate manufacturing plant in India, which supports Intel’s foundry and advanced packaging ambitions. Intel, 3DGS to set up $3.3 billion substrate plant in India’s Odisha state
• Positive Sentiment: MediaTek said it supports both TSMC’s and Intel’s advanced packaging technologies, a sign that Intel is gaining credibility as a packaging option for major chip designers. Taiwan’s MediaTek says it supports both TSMC and Intel’s advanced packaging technologies

Analyst Ratings Changes

A number of equities research analysts recently issued reports on INTC shares. Tigress Financial raised their price target on Intel from $66.00 to $118.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Stifel Nicolaus lifted their target price on Intel from $65.00 to $75.00 and gave the company a “hold” rating in a research report on Friday, April 24th. New Street Research lifted their target price on Intel from $50.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Benchmark lifted their target price on Intel from $105.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Finally, Seaport Research Partners lifted their target price on Intel from $65.00 to $90.00 and gave the company a “buy” rating in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twenty-six have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $81.52.

Intel Trading Down 5.1%

Shares of NASDAQ INTC opened at $114.68 on Friday. The company has a quick ratio of 1.85, a current ratio of 2.31 and a debt-to-equity ratio of 0.34. The business has a fifty day simple moving average of $81.94 and a two-hundred day simple moving average of $56.32. The firm has a market cap of $576.38 billion, a PE ratio of -184.96 and a beta of 2.18. Intel Corporation has a twelve month low of $18.97 and a twelve month high of $132.75.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, April 23rd. The chip maker reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $13.58 billion during the quarter, compared to analyst estimates of $12.32 billion. During the same period in the previous year, the company posted $0.13 EPS. Intel’s revenue was up 7.4% on a year-over-year basis. Intel has set its Q2 2026 guidance at 0.200-0.200 EPS. Analysts expect that Intel Corporation will post 0.63 earnings per share 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.