Essex Financial Services Inc. Reduces Stake in Intel Corporation $INTC

Essex Financial Services Inc. cut its position in shares of Intel Corporation (NASDAQ:INTC) by 9.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 43,874 shares of the chip maker’s stock after selling 4,571 shares during the quarter. Essex Financial Services Inc.’s holdings in Intel were worth $1,936,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Financial Life Planners acquired a new stake in Intel in the first quarter valued at $25,000. Financially Speaking Inc raised its stake in shares of Intel by 69.2% during the 4th quarter. Financially Speaking Inc now owns 682 shares of the chip maker’s stock worth $25,000 after buying an additional 279 shares during the last quarter. Legacy Bridge LLC purchased a new stake in shares of Intel in the 4th quarter worth about $26,000. Raleigh Capital Management Inc. acquired a new stake in Intel in the 4th quarter valued at about $29,000. Finally, Swiss RE Ltd. purchased a new position in Intel during the 4th quarter valued at about $29,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Boise April Miller sold 40,256 shares of the company’s 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 completion of the transaction, the executive vice president directly owned 105,077 shares in the company, valued at approximately $10,458,313.81. This represents a 27.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.05% of the stock is owned by company insiders.

Intel Stock Performance

Shares of INTC opened at $120.35 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.85 and a current ratio of 2.31. The company has a market capitalization of $604.88 billion, a price-to-earnings ratio of -194.11 and a beta of 2.18. The company’s 50 day simple moving average is $114.53 and its 200 day simple moving average is $70.62. Intel Corporation has a 1 year low of $18.97 and a 1 year high of $142.35.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, April 23rd. The chip maker reported $0.29 EPS for the quarter, topping the consensus estimate of $0.01 by $0.28. The firm had revenue of $13.58 billion during the quarter, compared to analysts’ expectations of $12.32 billion. Intel had a negative net margin of 5.90% and a positive return on equity of 0.39%. Intel’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.13 EPS. Intel has set its Q2 2026 guidance at 0.200-0.200 EPS. On average, sell-side analysts predict that Intel Corporation will post 0.63 EPS for the current year.

Key Stories Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Wall Street remains constructive on Intel’s turnaround story, with HSBC reportedly raising its price target to $200 and highlighting upside from Intel’s server and foundry businesses. Article Title
• Positive Sentiment: Intel continues to get credit for AI PC, networking and foundry progress, and some market commentators still view the stock as a long-term chip winner despite the recent reset. Article Title
• Neutral Sentiment: Intel named Joanna Lohkamp, CEO of Smart Wires and a former Intel executive, to Terra Innovatum’s board; the mention underscores her broader leadership background but has no direct impact on Intel’s operations. Article Title
• Negative Sentiment: Intel was caught in a sector-wide selloff as chip stocks pulled back after an outsized run, with investors rotating out of high-flying AI and semiconductor names. Article Title
• Negative Sentiment: Broader caution around valuation and “bubble risk” in semis also pressured Intel, as reports said traders were locking in gains after the stock’s rapid rise this year. Article Title

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Rosenblatt Securities upped their price target on shares of Intel from $30.00 to $50.00 and gave the company a “sell” rating in a report on Friday, April 24th. Oppenheimer started coverage on shares of Intel in a research note on Thursday, June 11th. They set an “outperform” rating for the company. BTIG Research raised Intel from a “neutral” rating to a “buy” rating in a research note on Thursday, June 11th. Roth Mkm upgraded Intel from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a report on Friday, April 24th. Finally, Benchmark raised their price target on Intel from $105.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twenty-eight have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $96.69.

About Intel

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.