BNP Paribas Lowers Holdings in Intel Corporation $INTC

Key Points

• BNP Paribas sharply reduced its Intel stake by 94.9% in the fourth quarter, leaving it with 2,916 shares worth about $108,000.
• Intel’s latest quarterly results were stronger than expected, with EPS of $0.29 versus a $0.01 estimate and revenue of $13.58 billion, up 7.4% year over year.
• Analyst sentiment remains mixed: while some firms raised price targets and upgraded the stock, MarketBeat says Intel’s overall consensus rating is still Hold with a $83.35 average price target.

BNP Paribas cut its holdings in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 94.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,916 shares of the chip maker's stock after selling 54,513 shares during the quarter. BNP Paribas' holdings in Intel were worth $108,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of INTC. Norges Bank purchased a new position in shares of Intel during the fourth quarter worth $2,233,159,000. Capital World Investors increased its stake in Intel by 32.5% during the third quarter. Capital World Investors now owns 86,503,121 shares of the chip maker's stock worth $2,902,180,000 after purchasing an additional 21,230,715 shares during the period. Vanguard Group Inc. lifted its position 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 in the last quarter. AQR Capital Management LLC raised its stake in shares of Intel by 61.3% in the third quarter. AQR Capital Management LLC now owns 25,001,621 shares of the chip maker's stock valued at $838,804,000 after acquiring an additional 9,503,402 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Intel by 18.3% in the third quarter. Van ECK Associates Corp now owns 55,521,741 shares of the chip maker's stock valued at $1,862,755,000 after acquiring an additional 8,569,812 shares in the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Intel

In other Intel news, EVP Boise April Miller sold 40,256 shares of the 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 approximately $10,458,313.81. This represents a 27.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.05% of the company's stock.

Intel Stock Performance

Shares of Intel stock opened at $107.93 on Wednesday. The firm's fifty day simple moving average is $83.20 and its 200-day simple moving average is $56.95. Intel Corporation has a 12 month low of $18.97 and a 12 month high of $132.75. The stock has a market capitalization of $542.46 billion, a price-to-earnings ratio of -174.08 and a beta of 2.21. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.31 and a quick ratio of 1.85.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The chip maker reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $12.32 billion. During the same period last year, the firm earned $0.13 EPS. 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. As a group, equities analysts forecast that Intel Corporation will post 0.63 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on INTC shares. Wall Street Zen cut shares of Intel from a "buy" rating to a "hold" rating in a report on Saturday. Benchmark increased their price objective on shares of Intel from $105.00 to $140.00 and gave the company a "buy" rating in a research report on Monday, May 18th. Bank of America raised their price objective on shares of Intel from $48.00 to $56.00 and gave the company an "underperform" rating in a report on Friday, April 24th. BNP Paribas Exane raised shares of Intel from an "underperform" rating to a "buy" rating and set a $60.00 price objective for the company in a research report on Tuesday, April 21st. Finally, Freedom Capital upgraded shares of Intel from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 28th. One investment 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 assigned a Sell rating to the company. Based on data from MarketBeat, Intel currently has a consensus rating of "Hold" and a consensus price target of $83.35.

Key Headlines Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel used Computex to announce new AI infrastructure products, including Xeon 6+, rack-scale systems, and the Crescent Island GPU, signaling an effort to regain momentum in data center and AI chips.
• Positive Sentiment: Intel’s partnerships and product demos, including work with Perplexity AI and Phison, support the narrative that the company can participate in the AI PC and edge-AI buildout. Article Title
• Neutral Sentiment: Several market commentary pieces focused on Intel’s huge stock run-up over the past year and how valuation questions are resurfacing after the recent rally.
• Negative Sentiment: Nvidia’s RTX Spark launch is seen as a direct assault on Intel’s Windows PC processor franchise, raising fears of share loss in a major end market.
• Negative Sentiment: Some traders appear to be taking profits after Intel’s sharp rally, with investors also questioning near-term earnings power while foundry spending remains heavy.

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.

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