Intel Corporation $INTC Shares Sold by Harbour Wealth Management Group Inc.

Harbour Wealth Management Group Inc. decreased its position in Intel Corporation (NASDAQ:INTC) by 37.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,520 shares of the chip maker’s stock after selling 21,555 shares during the quarter. Intel accounts for approximately 1.2% of Harbour Wealth Management Group Inc.’s portfolio, making the stock its 20th largest position. Harbour Wealth Management Group Inc.’s holdings in Intel were worth $1,612,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in INTC. Norges Bank acquired a new stake in shares of Intel in the fourth quarter valued at $2,233,159,000. Capital World Investors raised its holdings in shares of Intel by 32.5% in the 3rd quarter. Capital World Investors now owns 86,503,121 shares of the chip maker’s stock valued at $2,902,180,000 after buying an additional 21,230,715 shares during the period. Capital Research Global Investors lifted its stake in Intel by 285.9% during the 4th quarter. Capital Research Global Investors now owns 26,619,928 shares of the chip maker’s stock worth $982,279,000 after acquiring an additional 19,722,010 shares in the last quarter. Vanguard Group Inc. lifted its stake in Intel by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 404,522,308 shares of the chip maker’s stock worth $14,926,873,000 after acquiring an additional 13,692,624 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in Intel by 20.4% during the 4th quarter. Morgan Stanley now owns 65,249,269 shares of the chip maker’s stock valued at $2,407,698,000 after acquiring an additional 11,056,090 shares during the period. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 shares were sold at an average price of $99.53, for a total value of $4,006,679.68. Following the sale, the executive vice president owned 105,077 shares of the company’s stock, valued at $10,458,313.81. This trade represents a 27.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.05% of the stock is currently owned by company insiders.

Key Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel’s 18A-P process has entered risk production, reinforcing confidence that its next-generation manufacturing node is progressing and could improve its competitiveness in AI and consumer chips. Intel Has a Warning for AMD Stock Investors
• Positive Sentiment: Reports that Apple may work with Intel on U.S.-based chip design and manufacturing have fueled speculation that Intel’s foundry business could land a major customer, a big validation for the turnaround story. Intel stock hits a new all-time high on Monday: here’s why
• Positive Sentiment: Mizuho lifted its price target on Intel to $135, citing strength in advanced packaging such as EMIB-T, which signals growing analyst confidence in Intel’s manufacturing assets. Wall Street analysts update Intel stock price target
• Positive Sentiment: Intel is also being viewed as a potential winner from AI chip shortages and tighter capacity at rival foundries, which could drive more outsourced manufacturing demand toward Intel. Tech stocks today: Uber and Lucid expanding in Houston, Intel’s latest chip moves

Intel Trading Up 5.2%

INTC opened at $140.94 on Tuesday. The business has a fifty day moving average price of $104.17 and a 200 day moving average price of $65.55. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.31 and a quick ratio of 1.85. Intel Corporation has a 12 month low of $18.97 and a 12 month high of $141.45. The stock has a market capitalization of $708.36 billion, a price-to-earnings ratio of -227.32 and a beta of 2.21.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, April 23rd. The chip maker reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.28. The company had revenue of $13.58 billion for the quarter, compared to analyst estimates of $12.32 billion. Intel had a positive return on equity of 0.39% and a negative net margin of 5.90%.Intel’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.13 EPS. Intel has set its Q2 2026 guidance at 0.200-0.200 EPS. Sell-side analysts expect that Intel Corporation will post 0.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Rosenblatt Securities lifted their target price on Intel from $30.00 to $50.00 and gave the company a “sell” rating in a research report on Friday, April 24th. Barclays increased their price target on shares of Intel from $65.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Monday, June 1st. KeyCorp raised their price objective on shares of Intel from $70.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. DZ Bank upgraded shares of Intel from a “sell” rating to a “neutral” rating in a report on Friday, April 24th. Finally, Stifel Nicolaus upped their target price on shares of Intel from $65.00 to $75.00 and gave the stock a “hold” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twenty-seven have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $87.29.

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.