Essex Financial Services Inc. Lowers Stock Position in Intel Corporation $INTC

Key Points

• Essex Financial Services Inc. reduced its Intel stake by 9.4% in the first quarter, selling 4,571 shares and ending with 43,874 shares valued at about $1.94 million.
• Intel’s latest quarterly results beat expectations, with EPS of $0.29 versus the $0.01 estimate and revenue of $13.58 billion versus $12.32 billion expected. Revenue rose 7.4% year over year, and the company issued Q2 2026 EPS guidance of $0.20.
• Wall Street sentiment is mixed: the consensus rating on Intel is Hold with an average price target of $96.69, even as some firms raised targets while others maintained sell or hold views.

Essex Financial Services Inc. trimmed its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 9.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,874 shares of the chip maker's stock after selling 4,571 shares during the quarter. Essex Financial Services Inc.'s holdings in Intel were worth $1,936,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Financial Life Planners purchased a new position in Intel during the 1st quarter worth $25,000. Financially Speaking Inc increased its stake in Intel by 69.2% in the fourth quarter. Financially Speaking Inc now owns 682 shares of the chip maker's stock valued at $25,000 after purchasing an additional 279 shares during the period. Legacy Bridge LLC purchased a new stake in shares of Intel in the fourth quarter valued at about $26,000. Raleigh Capital Management Inc. purchased a new stake in shares of Intel in the fourth quarter valued at about $29,000. Finally, Swiss RE Ltd. acquired a new stake in shares of Intel during the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 64.53% of the company's stock.

Insider Transactions at Intel

In other news, EVP Boise April Miller sold 40,256 shares of the firm's stock in a transaction that occurred 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 sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.05% of the company's stock.

Intel Stock Down 5.3%

Shares of NASDAQ:INTC opened at $120.35 on Friday. Intel Corporation has a fifty-two week low of $18.97 and a fifty-two week high of $142.35. The company has a quick ratio of 1.85, a current ratio of 2.31 and a debt-to-equity ratio of 0.34. The firm's 50-day simple moving average is $114.53 and its 200-day simple moving average is $70.62. The company has a market cap of $604.88 billion, a price-to-earnings ratio of -194.11 and a beta of 2.18.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The chip maker reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.28. The firm had revenue of $13.58 billion during the quarter, compared to analysts' expectations 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 period in the prior year, the company posted $0.13 earnings per share. Intel has set its Q2 2026 guidance at 0.200-0.200 EPS. As a group, equities research analysts predict that Intel Corporation will post 0.63 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on INTC. TD Cowen raised their price target on Intel from $60.00 to $75.00 and gave the stock a "hold" rating in a report on Friday, April 24th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Intel in a research note on Friday, April 24th. Mizuho set a $135.00 price objective on Intel in a research report on Sunday, June 21st. Stifel Nicolaus lifted their target price on Intel from $65.00 to $75.00 and gave the company a "hold" rating in a research note on Friday, April 24th. Finally, Benchmark boosted their target price on Intel from $105.00 to $140.00 and gave the company a "buy" rating in a report on Monday, May 18th. Two investment 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's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $96.69.

Key Headlines Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Wall Street remains constructive on Intel’s turnaround story, with HSBC reportedly raising its price target to $200 and highlighting upside from Intel’s server and foundry businesses. Article Title
• Positive Sentiment: Intel continues to get credit for AI PC, networking and foundry progress, and some market commentators still view the stock as a long-term chip winner despite the recent reset. Article Title
• Neutral Sentiment: Intel named Joanna Lohkamp, CEO of Smart Wires and a former Intel executive, to Terra Innovatum’s board; the mention underscores her broader leadership background but has no direct impact on Intel’s operations. Article Title
• Negative Sentiment: Intel was caught in a sector-wide selloff as chip stocks pulled back after an outsized run, with investors rotating out of high-flying AI and semiconductor names. Article Title
• Negative Sentiment: Broader caution around valuation and “bubble risk” in semis also pressured Intel, as reports said traders were locking in gains after the stock’s rapid rise this year. Article Title

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.

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