Evolve Private Wealth LLC Sells 11,989 Shares of Intel Corporation $INTC

Key Points

• Evolve Private Wealth LLC cut its Intel stake by 15.8% in the first quarter, selling 11,989 shares and leaving it with 64,024 shares valued at about $2.83 million.
• Intel reported a stronger-than-expected quarter, with EPS of $0.29 versus $0.01 expected and revenue of $13.58 billion versus $12.32 billion expected. The company also said Q2 2026 EPS guidance is $0.20.
• Sentiment around Intel remains mixed: several analysts still rate the stock as Hold overall, but recent news on Apple collaboration talks, a new foundry packaging leader, and progress on its 18A-P process has fueled optimism about the turnaround.

Evolve Private Wealth LLC reduced its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 15.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,024 shares of the chip maker's stock after selling 11,989 shares during the quarter. Evolve Private Wealth LLC's holdings in Intel were worth $2,825,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Winch Advisory Services LLC increased its stake in Intel by 28.3% in the 4th quarter. Winch Advisory Services LLC now owns 966 shares of the chip maker's stock worth $36,000 after buying an additional 213 shares during the period. ROI Financial Advisors LLC boosted its position in Intel by 1.7% in the 4th quarter. ROI Financial Advisors LLC now owns 12,967 shares of the chip maker's stock valued at $478,000 after buying an additional 217 shares during the period. Focus Financial Network Inc. grew its stake in Intel by 2.1% in the 4th quarter. Focus Financial Network Inc. now owns 10,788 shares of the chip maker's stock worth $398,000 after acquiring an additional 223 shares in the last quarter. Successful Portfolios LLC grew its stake in Intel by 2.6% in the 4th quarter. Successful Portfolios LLC now owns 8,715 shares of the chip maker's stock worth $322,000 after acquiring an additional 223 shares in the last quarter. Finally, Providence Wealth Advisors LLC increased its position in shares of Intel by 1.7% during the fourth quarter. Providence Wealth Advisors LLC now owns 13,340 shares of the chip maker's stock worth $527,000 after acquiring an additional 225 shares during the period. 64.53% of the stock is currently owned by institutional investors.

Intel Price Performance

Shares of INTC stock opened at $133.99 on Monday. Intel Corporation has a 1-year low of $18.97 and a 1-year high of $135.48. The stock's fifty day moving average price is $102.59 and its 200 day moving average price is $64.87. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.31 and a quick ratio of 1.85. The company has a market cap of $673.43 billion, a price-to-earnings ratio of -216.11 and a beta of 2.21.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The chip maker reported $0.29 EPS 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 analysts' expectations of $12.32 billion. Intel had a positive return on equity of 0.39% and a negative net margin of 5.90%.The firm's revenue was up 7.4% compared to the same quarter last year. During the same period last year, the business posted $0.13 earnings per share. Intel has set its Q2 2026 guidance at 0.200-0.200 EPS. On average, research analysts expect that Intel Corporation will post 0.63 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Boise April Miller sold 40,256 shares of the company's stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $99.53, for a total transaction of $4,006,679.68. Following the transaction, the executive vice president owned 105,077 shares in the company, valued at $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 is available through this hyperlink. 0.05% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on INTC shares. Wolfe Research assumed coverage on shares of Intel in a research note on Thursday, June 11th. They set a "peer perform" rating for the company. Sanford C. Bernstein reissued a "market perform" rating and issued a $100.00 price objective on shares of Intel in a research note on Wednesday. DA Davidson raised their price objective on Intel from $45.00 to $77.00 and gave the stock a "neutral" rating in a report on Friday, April 24th. Melius Research set a $150.00 target price on Intel in a research report on Monday, May 18th. Finally, Stifel Nicolaus upped their target price on Intel from $65.00 to $75.00 and gave the stock a "hold" rating in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twenty-seven have issued a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Intel currently has an average rating of "Hold" and a consensus target price of $87.29.

More Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Trump’s comments that Apple has agreed to work with Intel on U.S. chip design and production sparked a strong rally, with investors seeing the potential for a high-profile foundry win and a major endorsement of Intel’s turnaround. Reuters: Trump says Apple to work with Intel to manufacture chips in US
• Positive Sentiment: Intel appointed Seok-Hee Lee, a former SK Hynix executive, to lead advanced packaging and back-end foundry manufacturing, which could improve execution in a critical growth area. Reuters: Intel taps industry veteran Seok-Hee Lee
• Positive Sentiment: Intel Foundry said its 18A-P process entered risk production, a milestone that supports the company’s roadmap and strengthens the case for a manufacturing recovery. Yahoo Finance: Intel Foundry Advances Intel 18A-P Process to Risk Production
• Neutral Sentiment: Several opinion pieces and market commentary continue to debate whether Intel’s valuation has run ahead of fundamentals, suggesting expectations are now very high after the rally. 247WallSt: Analyst Warns Intel Valuation Doesn’t Make Sense
• Negative Sentiment: Some analysts remain cautious, arguing Intel’s recent price move may be pricing in too much too quickly and that execution risks remain before the turnaround is fully proven. Seeking Alpha: Intel the Re-Rating Has Gone Too Far

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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