Kaufman Rossin Wealth LLC Sells 6,254 Shares of Intel Corporation $INTC

Kaufman Rossin Wealth LLC reduced its stake in shares of Intel Corporation (NASDAQ:INTC) by 30.3% during the first quarter, Holdings Channel reports. The firm owned 14,400 shares of the chip maker’s stock after selling 6,254 shares during the quarter. Kaufman Rossin Wealth LLC’s holdings in Intel were worth $635,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. iA Global Asset Management Inc. increased its stake in shares of Intel by 17.0% in the 4th quarter. iA Global Asset Management Inc. now owns 593,043 shares of the chip maker’s stock worth $21,883,000 after acquiring an additional 86,189 shares in the last quarter. Whalerock Point Partners LLC bought a new stake in Intel during the fourth quarter worth about $205,000. Van ECK Associates Corp boosted its stake in 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 acquiring an additional 8,569,812 shares in the last quarter. Heritage Investment Group Inc. purchased a new stake in Intel in the fourth quarter worth about $219,000. Finally, Dixon Mitchell Investment Counsel Inc. purchased a new stake in Intel in the fourth quarter worth about $185,000. 64.53% of the stock is currently owned by institutional investors.

Insider Activity at Intel

In other news, EVP Boise April Miller sold 40,256 shares of the business’s stock in a transaction on Friday, May 1st. The stock was 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 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 document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.05% of the company’s stock.

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%

Shares of NASDAQ INTC opened at $140.94 on Tuesday. The firm’s 50 day moving average price is $104.17 and its 200-day moving average price is $65.55. The company has a market cap of $708.36 billion, a PE ratio of -227.32 and a beta of 2.21. Intel Corporation has a 52-week low of $18.97 and a 52-week high of $141.45. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.85 and a current ratio of 2.31.

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, beating the consensus estimate of $0.01 by $0.28. The company had revenue of $13.58 billion during the quarter, compared to the consensus estimate of $12.32 billion. Intel had a negative net margin of 5.90% and a positive return on equity of 0.39%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.13 earnings per share. Intel has set its Q2 2026 guidance at 0.200-0.200 EPS. On average, equities research analysts expect that Intel Corporation will post 0.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Arete Research lifted their target price on shares of Intel from $20.40 to $99.00 and gave the company a “neutral” rating in a report on Wednesday, June 10th. HSBC upgraded Intel from a “hold” rating to a “buy” rating and upped their price target for the stock from $50.00 to $95.00 in a research note on Tuesday, April 21st. Rosenblatt Securities raised their price objective on Intel from $30.00 to $50.00 and gave the company a “sell” rating in a research report on Friday, April 24th. Jefferies Financial Group began coverage on Intel in a research note on Thursday, June 11th. They set a “buy” rating for the company. Finally, Mizuho set a $135.00 target price on Intel in a report on Sunday. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twenty-seven have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Intel presently has an average rating of “Hold” and an average target price 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.