Norges Bank Invests $2.23 Billion in Intel Corporation $INTC

Norges Bank bought a new position in shares of Intel Corporation (NASDAQ:INTC) in the 4th quarter, HoldingsChannel reports. The fund bought 60,519,214 shares of the chip maker’s stock, valued at approximately $2,233,159,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in INTC. Legacy Bridge LLC bought a new stake in shares of Intel during the fourth quarter worth about $26,000. Raleigh Capital Management Inc. bought a new stake in shares of Intel during the fourth quarter worth about $29,000. Provenance Wealth Advisors LLC increased its position in shares of Intel by 89.2% during the third quarter. Provenance Wealth Advisors LLC now owns 946 shares of the chip maker’s stock worth $32,000 after acquiring an additional 446 shares in the last quarter. Strengthening Families & Communities LLC bought a new stake in shares of Intel during the third quarter worth about $33,000. Finally, HighMark Wealth Management LLC increased its position in shares of Intel by 177.7% during the fourth quarter. HighMark Wealth Management LLC now owns 886 shares of the chip maker’s stock worth $33,000 after acquiring an additional 567 shares in the last quarter. 64.53% of the stock is owned by institutional investors.

Intel Trading Down 5.1%

Shares of INTC stock opened at $114.68 on Friday. Intel Corporation has a 52-week low of $18.97 and a 52-week high of $132.75. 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 50-day simple moving average of $81.94 and a two-hundred day simple moving average of $56.32. The company has a market capitalization of $576.38 billion, a price-to-earnings ratio of -184.96 and a beta of 2.18.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, April 23rd. The chip maker reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.28. Intel had a negative net margin of 5.90% and a positive return on equity of 0.39%. The business 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 firm posted $0.13 EPS. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. Intel has set its Q2 2026 guidance at 0.200-0.200 EPS. Research analysts anticipate that Intel Corporation will post 0.63 EPS for the current fiscal year.

Analyst Ratings Changes

INTC has been the subject of several recent research reports. New Street Research boosted their target price on shares of Intel from $50.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Roth Mkm raised shares of Intel from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a research report on Friday, April 24th. Benchmark upped their price objective on shares of Intel from $105.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Wall Street Zen downgraded shares of Intel from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Morgan Stanley upped their price objective on shares of Intel from $56.00 to $73.00 and gave the stock an “equal weight” 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 issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, Intel presently has an average rating of “Hold” and an average target price of $81.52.

Insiders Place Their Bets

In other Intel news, EVP Boise April Miller sold 40,256 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were 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 $10,458,313.81. The trade was a 27.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.05% of the stock is currently owned by insiders.

Key Stories Impacting Intel

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

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.