Empirical Financial Services LLC d.b.a. Empirical Wealth Management Sells 25,414 Shares of Intel Corporation $INTC

Empirical Financial Services LLC d.b.a. Empirical Wealth Management trimmed its holdings in Intel Corporation (NASDAQ:INTC) by 18.5% during the 1st quarter, Holdings Channel.com reports. The fund owned 112,083 shares of the chip maker’s stock after selling 25,414 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Intel were worth $4,946,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in INTC. Bleakley Financial Group LLC grew its position in shares of Intel by 14.0% during the first quarter. Bleakley Financial Group LLC now owns 80,132 shares of the chip maker’s stock worth $3,536,000 after purchasing an additional 9,863 shares in the last quarter. HBW Advisory Services LLC raised its stake in Intel by 13.0% during the 1st quarter. HBW Advisory Services LLC now owns 8,425 shares of the chip maker’s stock valued at $372,000 after purchasing an additional 969 shares during the period. State of Michigan Retirement System lifted its holdings in Intel by 3.5% in the 1st quarter. State of Michigan Retirement System now owns 1,546,983 shares of the chip maker’s stock worth $68,268,000 after purchasing an additional 52,700 shares in the last quarter. Nadler Financial Group Inc. purchased a new position in Intel in the 1st quarter worth approximately $208,000. Finally, Principal Financial Group Inc. boosted its stake in Intel by 5.4% in the 1st quarter. Principal Financial Group Inc. now owns 5,233,422 shares of the chip maker’s stock worth $230,951,000 after purchasing an additional 266,469 shares during the period. Institutional investors own 64.53% of the company’s stock.

Intel Stock Up 4.5%

NASDAQ INTC opened at $107.76 on Wednesday. The stock has a 50 day moving average price of $118.84 and a 200-day moving average price of $74.87. Intel Corporation has a one year low of $18.97 and a one year high of $142.35. 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 $541.60 billion, a P/E ratio of -173.80 and a beta of 2.18.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, April 23rd. The chip maker reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.28. The company had revenue of $13.58 billion for 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 quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.13 earnings per share. Intel has set its Q2 2026 guidance at 0.200-0.200 EPS. As a group, equities analysts predict that Intel Corporation will post 0.64 EPS for the current fiscal year.

Insider Activity at Intel

In other 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 sale, 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.05% of the stock is owned by insiders.

Intel News Roundup

Here are the key news stories impacting Intel this week:

• Positive Sentiment: KeyBanc lifted its price target on Intel and cited better yields plus stronger AI-related demand, helping fuel a bullish re-rating ahead of earnings. Article Title
• Positive Sentiment: HSBC also turned more constructive, doubling its price target and keeping a Buy rating, saying Intel’s foundry business looks increasingly compelling. Article Title
• Positive Sentiment: Intel announced a $5.7 billion expansion of its Ireland manufacturing site, which investors view as a sign of confidence in its AI chip, Xeon, and foundry roadmap. Article Title
• Positive Sentiment: Multiple reports say Intel’s 18A/yield improvements and “in-house” Nova Lake production plans suggest its manufacturing execution may be improving. Article Title
• Neutral Sentiment: Several previews ahead of Intel’s July 23 earnings call note that traders are positioning for evidence of better server CPU, AI, and foundry trends, but PC demand may still cool near term. Article Title
• Neutral Sentiment: Broader chip sentiment has improved after a cooler inflation reading sparked a sector rebound, supporting Intel along with other semiconductor names. Article Title
• Negative Sentiment: Some analysts still warn that Intel faces near-term PC softness and ongoing competition, while recent articles also highlight valuation concerns after the stock’s huge run. Article Title

Analysts Set New Price Targets

INTC has been the topic of several research analyst reports. Sanford C. Bernstein reissued a “market perform” rating and issued a $100.00 target price on shares of Intel in a report on Wednesday, June 17th. Robert W. Baird lifted their price target on shares of Intel from $50.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Oppenheimer started coverage on shares of Intel in a report on Thursday, June 11th. They issued an “outperform” rating on the stock. The Goldman Sachs Group started coverage on shares of Intel in a research note on Thursday, June 25th. They issued a “neutral” rating and a $150.00 price target on the stock. Finally, Stifel Nicolaus increased their price objective on shares of Intel from $75.00 to $120.00 and gave the company a “hold” rating in a report on Friday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twenty-eight have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $101.96.

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.