California Public Employees Retirement System Purchases 1,247,702 Shares of Intel Corporation $INTC

California Public Employees Retirement System raised its position in shares of Intel Corporation (NASDAQ:INTC) by 11.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 12,386,924 shares of the chip maker’s stock after purchasing an additional 1,247,702 shares during the quarter. California Public Employees Retirement System’s holdings in Intel were worth $546,635,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. iA Global Asset Management Inc. lifted its position in Intel by 17.0% during the fourth quarter. iA Global Asset Management Inc. now owns 593,043 shares of the chip maker’s stock valued at $21,883,000 after purchasing an additional 86,189 shares during the last quarter. Whalerock Point Partners LLC bought a new stake in shares of Intel in the 4th quarter worth about $205,000. Heritage Investment Group Inc. bought a new stake in shares of Intel in the 4th quarter worth about $219,000. Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of Intel during the 4th quarter valued at about $185,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Intel by 5.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 255,261 shares of the chip maker’s stock valued at $9,419,000 after acquiring an additional 13,858 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Trading Down 2.0%

NASDAQ INTC opened at $95.04 on Friday. The stock has a market cap of $477.67 billion, a PE ratio of -153.29 and a beta of 2.18. Intel Corporation has a 12 month low of $18.97 and a 12 month high of $142.35. The company’s 50-day moving average price is $117.79 and its 200-day moving average price is $75.90. The company has a current ratio of 2.31, a quick ratio of 1.85 and a debt-to-equity ratio of 0.34.

Intel (NASDAQ:INTC) last announced 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. The company had revenue of $13.58 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the business posted $0.13 EPS. Intel has set its Q2 2026 guidance at 0.200-0.200 EPS. Equities research analysts forecast that Intel Corporation will post 0.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on INTC. Citigroup upgraded Intel from a “buy” rating to a “buy” rating in a research report on Thursday, June 11th. BNP Paribas Exane upgraded Intel from an “underperform” rating to a “buy” rating and set a $60.00 price objective on the stock in a research report on Tuesday, April 21st. HSBC reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Intel in a research note on Thursday, July 2nd. Northland Securities cut Intel from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 26th. Finally, Jefferies Financial Group started coverage on Intel in a research report on Thursday, June 11th. They set a “buy” rating on the stock. Two equities research 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 company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $102.72.

Key Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel’s expanded Google Cloud partnership and use of Gemini Enterprise could improve chip design efficiency and support enterprise growth. Sundar Pichai Says ‘Great’ to see Intel Using Gemini Enterprise as Chipmaker Expands Google Cloud Partnership for AI-Powered Chip Design
• Positive Sentiment: Analysts and options traders are turning more constructive ahead of earnings, with some expecting Intel to post another beat and others positioning for a sizable post-earnings move. Intel Stock (INTC) Faces a Crucial Earnings Test. Options Traders Expect a 15% Move
• Positive Sentiment: Retail investors have been buying INTC shares ahead of Q2 results, suggesting sentiment remains strong despite the recent pullback. Investors Snapping Up INTC Stock Ahead of Q2 Earnings, According to Crowd Wisdom Data
• Neutral Sentiment: Multiple articles highlighted Intel’s upcoming Q2 earnings release, keeping attention focused on whether management can validate the recent rally and turnaround narrative. Intel (INTC) Stock Price Braces for a 15% Move as Q2 Earnings Near
• Negative Sentiment: Intel is being hit by a broader semiconductor rout as investors worry about slowing AI spending and softer chip-sector momentum. AMD Falls 5%, Intel Drops 4%, NVIDIA Slides 3% Before Recovering as Rotation Hits Semiconductor Stocks
• Negative Sentiment: Recent commentary also questioned Intel’s foundry turnaround and the durability of its AI-related valuation after the stock’s sharp run-up. TSMC’s 68% Margins Show Why Intel’s Foundry Turnaround Won’t Be Easy

Insider Activity at Intel

In other Intel 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 transaction, the executive vice president directly owned 105,077 shares in the company, valued at $10,458,313.81. This trade represents a 27.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.05% of the company’s stock.

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.