Parnassus Investments LLC Sells 393,142 Shares of Intel Corporation $INTC

Parnassus Investments LLC lowered its position in shares of Intel Corporation (NASDAQ:INTC) by 23.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,251,981 shares of the chip maker’s stock after selling 393,142 shares during the quarter. Parnassus Investments LLC’s holdings in Intel were worth $46,198,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Canopy Partners LLC increased its stake in Intel by 15.0% during the 4th quarter. Canopy Partners LLC now owns 7,117 shares of the chip maker’s stock worth $263,000 after acquiring an additional 927 shares during the period. Keel Point LLC increased its stake in Intel by 13.6% during the 4th quarter. Keel Point LLC now owns 11,199 shares of the chip maker’s stock worth $413,000 after acquiring an additional 1,341 shares during the period. IFM Investors Pty Ltd increased its stake in Intel by 4.3% during the 4th quarter. IFM Investors Pty Ltd now owns 881,085 shares of the chip maker’s stock worth $32,512,000 after acquiring an additional 36,129 shares during the period. SmartHarvest Portfolios LLC bought a new position in Intel during the 4th quarter worth $265,000. Finally, Picton Mahoney Asset Management bought a new position in Intel during the 4th quarter worth $13,230,000. Institutional investors own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on INTC. DA Davidson raised their price objective on Intel from $45.00 to $77.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Piper Sandler assumed coverage on Intel in a research note on Thursday. They set a “neutral” rating on the stock. Barclays raised their target price on Intel from $65.00 to $100.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. BofA raised Intel from an “underperform” rating to a “buy” rating and raised their target price for the company from $96.00 to $135.00 in a report on Thursday. Finally, Susquehanna raised their target price on Intel from $65.00 to $80.00 and gave the company a “neutral” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twenty-seven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $87.31.

Intel Trading Up 9.3%

NASDAQ INTC opened at $116.96 on Friday. The company has a quick ratio of 1.85, a current ratio of 2.31 and a debt-to-equity ratio of 0.34. Intel Corporation has a twelve month low of $18.97 and a twelve month high of $132.75. The company has a market cap of $587.84 billion, a price-to-earnings ratio of -188.64 and a beta of 2.21. The business’s fifty day moving average is $93.64 and its 200 day moving average is $61.12.

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 the consensus estimate of $0.01 by $0.28. Intel had a positive return on equity of 0.39% and a negative net margin of 5.90%.The company had revenue of $13.58 billion for the quarter, compared to the consensus estimate of $12.32 billion. During the same quarter last year, the business posted $0.13 EPS. Intel’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. As a group, sell-side analysts expect that Intel Corporation will post 0.63 EPS for the current fiscal year.

Insider Buying and Selling at Intel

In related news, EVP Boise April Miller sold 40,256 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $99.53, for a total transaction of $4,006,679.68. Following the completion of the transaction, the executive vice president directly owned 105,077 shares of the company’s stock, valued at $10,458,313.81. This trade represents a 27.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.05% of the stock is currently owned by company insiders.

Key Stories Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Bank of America’s double upgrade and higher target are the main catalyst, reinforcing the view that Intel’s CPU and foundry businesses could drive meaningful longer-term growth. Intel rallies as BofA double-upgrades stock on increased CPU, foundry visibility
• Positive Sentiment: Analysts also lifted earnings estimates, suggesting the market is becoming more optimistic about Intel’s profitability outlook over the next couple of years.
• Positive Sentiment: Broader semiconductor stocks are rebounding as investors return to beaten-down AI and chip names, adding support to Intel’s advance.
• Neutral Sentiment: Intel’s recent rally has been amplified by growing enthusiasm around its foundry turnaround and possible AI-related opportunities, but these remain longer-term execution stories rather than near-term fundamentals.
• Negative Sentiment: One item investors may watch closely is an insider sale reported today, which can sometimes temper sentiment even when the stock is rallying.

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.