Intel Corporation $INTC Shares Sold by Letko Brosseau & Associates Inc.

Letko Brosseau & Associates Inc. reduced its stake in shares of Intel Corporation (NASDAQ:INTC) by 1.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,993,420 shares of the chip maker’s stock after selling 30,750 shares during the period. Intel makes up approximately 1.8% of Letko Brosseau & Associates Inc.’s investment portfolio, making the stock its 17th biggest holding. Letko Brosseau & Associates Inc.’s holdings in Intel were worth $110,457,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in INTC. Vanguard Group Inc. raised its holdings in shares of Intel by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 404,522,308 shares of the chip maker’s stock worth $14,926,873,000 after purchasing an additional 13,692,624 shares during the last quarter. Capital World Investors raised its holdings in shares of Intel by 20.3% during the fourth quarter. Capital World Investors now owns 104,060,268 shares of the chip maker’s stock worth $3,839,833,000 after purchasing an additional 17,557,147 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Intel by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 101,931,512 shares of the chip maker’s stock worth $3,744,406,000 after purchasing an additional 3,124,798 shares during the last quarter. Norges Bank purchased a new position in shares of Intel during the fourth quarter worth $2,233,159,000. Finally, Van ECK Associates Corp raised its holdings in shares of Intel by 18.3% during the third quarter. Van ECK Associates Corp now owns 55,521,741 shares of the chip maker’s stock worth $1,862,755,000 after purchasing an additional 8,569,812 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel is still benefiting from reports that Alphabet/Google may use its foundry to manufacture millions of AI chips in 2028, a potential multi-year revenue win that strengthens Intel’s turnaround story. Google, Nvidia consider Intel as backup chip manufacturer, The Information reports
• Positive Sentiment: Cadence Design’s expanded collaboration with Intel Foundry was viewed as a sign of confidence in Intel’s next-generation manufacturing roadmap, especially for the 14A process. Cadence Announces Collaboration with Intel Foundry…
• Positive Sentiment: Intel also unveiled new innovations at Computex 2026, adding to the narrative that the company is rebuilding momentum in AI PCs and data-center chips. Intel Corporation (INTC) Unveils New Innovations at Computex 2026
• Neutral Sentiment: Despite the recent rally, some articles argue Intel’s valuation has already become stretched, raising the question of whether much of the turnaround story is already priced in. Intel Is Up 168% in 2026…
• Negative Sentiment: Intel is also under pressure from the broad semiconductor pullback and macro concerns, with traders rotating out of chip names after the sector’s strong rebound. IPG Photonics, Intel, and Monolithic Power Systems Stocks Trade Down, What You Need To Know
• Negative Sentiment: Another bearish note says Intel’s high capital spending needs make a dividend reinstatement unlikely anytime soon, which may disappoint income-focused investors. Intel Stock Has Risen Sixfold from Its 2025 Lows…

Insiders Place Their Bets

In other Intel news, EVP Boise April Miller sold 40,256 shares of Intel stock in a transaction 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 completion of the transaction, the executive vice president owned 105,077 shares of the company’s stock, valued at approximately $10,458,313.81. The trade was a 27.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.05% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on INTC shares. Wells Fargo & Company raised their target price on shares of Intel from $85.00 to $110.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. Northland Securities cut shares of Intel from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $100.00 target price on shares of Intel in a report on Tuesday, May 12th. Wall Street Zen cut shares of Intel from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Finally, Truist Financial raised their target price on shares of Intel from $49.00 to $81.00 and gave the stock a “hold” rating in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twenty-six have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $83.35.

Intel Stock Down 2.1%

INTC opened at $107.92 on Wednesday. Intel Corporation has a fifty-two week low of $18.97 and a fifty-two 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 fifty day moving average of $90.87 and a two-hundred day moving average of $60.02. The stock has a market capitalization of $542.41 billion, a price-to-earnings ratio of -174.06 and a beta of 2.21.

Intel (NASDAQ:INTC) last released its quarterly earnings data 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 negative net margin of 5.90% and a positive return on equity of 0.39%. The company had revenue of $13.58 billion during the quarter, compared to analysts’ expectations of $12.32 billion. During the same quarter in the previous year, the company earned $0.13 earnings per share. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. Intel has set its Q2 2026 guidance at 0.200-0.200 EPS. On average, research analysts expect that Intel Corporation will post 0.63 earnings per share for the current 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.