Intel Corporation $INTC Shares Purchased by State of Michigan Retirement System

Key Points

• State of Michigan Retirement System increased its Intel stake by 3.5% in the first quarter, buying 52,700 additional shares and bringing its total holding to 1,546,983 shares worth about $68.3 million.
• Intel reported stronger-than-expected quarterly results, with EPS of $0.29 versus a $0.01 estimate and revenue of $13.58 billion versus $12.32 billion expected. The company also guided Q2 2026 EPS at $0.20.
• Wall Street remains cautiously optimistic: analysts have raised price targets, but the stock still carries an average “Hold” rating with a consensus target of $100.77. Intel is also facing mixed sentiment from a big Irish manufacturing expansion and broader semiconductor-sector weakness.

State of Michigan Retirement System lifted its position in Intel Corporation (NASDAQ:INTC - Free Report) by 3.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,546,983 shares of the chip maker's stock after purchasing an additional 52,700 shares during the quarter. State of Michigan Retirement System's holdings in Intel were worth $68,268,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Intel by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 404,522,308 shares of the chip maker's stock valued at $14,926,873,000 after purchasing an additional 13,692,624 shares during the last quarter. State Street Corp grew its stake in shares of Intel by 2.8% in the 4th quarter. State Street Corp now owns 208,536,784 shares of the chip maker's stock valued at $7,695,007,000 after buying an additional 5,714,400 shares during the period. Capital World Investors increased its holdings in shares of Intel by 20.3% during the 4th quarter. Capital World Investors now owns 104,060,268 shares of the chip maker's stock worth $3,839,833,000 after buying an additional 17,557,147 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Intel by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 101,931,512 shares of the chip maker's stock worth $3,744,406,000 after buying an additional 3,124,798 shares during the last quarter. Finally, Morgan Stanley raised its position in shares of Intel by 20.4% during the 4th quarter. Morgan Stanley now owns 65,249,269 shares of the chip maker's stock valued at $2,407,698,000 after buying an additional 11,056,090 shares during the period. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. UBS Group upped their price objective on Intel from $83.00 to $121.00 and gave the company a "neutral" rating in a report on Monday. Melius Research set a $150.00 target price on Intel in a research note on Monday, May 18th. Wells Fargo & Company lifted their target price on Intel from $85.00 to $110.00 and gave the company an "equal weight" rating in a research report on Monday, June 1st. Evercore set a $95.00 price target on Intel in a research note on Friday, April 24th. Finally, Northland Securities cut Intel from an "outperform" rating to a "market perform" rating in a report on Tuesday, May 26th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twenty-eight have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $100.77.

Intel Stock Performance

NASDAQ:INTC opened at $103.12 on Tuesday. Intel Corporation has a fifty-two week low of $18.97 and a fifty-two week high of $142.35. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.85 and a current ratio of 2.31. The company has a 50 day moving average price of $118.84 and a 200 day moving average price of $74.36. The stock has a market capitalization of $518.28 billion, a P/E ratio of -166.32 and a beta of 2.18.

Intel (NASDAQ:INTC - Get Free Report) last announced its earnings results on Thursday, April 23rd. The chip maker reported $0.29 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $12.32 billion. During the same quarter in the previous year, the company earned $0.13 earnings per share. The firm's quarterly revenue was up 7.4% compared to the same quarter last year. Intel has set its Q2 2026 guidance at 0.200-0.200 EPS. Equities research analysts forecast that Intel Corporation will post 0.64 EPS for the current year.

Intel News Summary

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel announced a major €5 billion investment to expand its Irish manufacturing campus, a move aimed at boosting production of Xeon server processors and adding capacity for AI, cloud, and foundry demand. The expansion signals long-term commitment to growth in high-demand chip markets. Reuters: Intel announces $5.7 billion capital investment at Irish manufacturing hub
• Positive Sentiment: Analyst commentary turned more constructive, with one report saying Wall Street sees Intel’s turnaround taking hold and that a major price target was lifted for 2027. That suggests some firms expect improving execution and longer-term upside. Yahoo Finance: Intel Deepens Its European Chip Push
• Neutral Sentiment: Intel’s latest earnings were solid, beating estimates on both EPS and revenue, but the company still guided cautiously and remains unprofitable on a net-margin basis. Investors may see this as evidence of progress, but not a clean turnaround yet.
• Negative Sentiment: Shares are also being hit by a broader selloff in semiconductor stocks, with reports citing weakness across Nvidia, AMD, Micron, and SanDisk as risk appetite for AI-chip names cooled. Intel is being pulled down with the group. Barron's: Intel, AMD, Sandisk, and More Stocks That Explain Today's Market
• Negative Sentiment: Some traders are also focused on concerns about Intel’s foundry execution, including questions about yields and how it will compete with stronger rivals such as SK Hynix and AMD in memory and data-center markets. Those worries are weighing on sentiment ahead of earnings. TipRanks: Intel Stock Sinks as Trump’s Involvement Emerges

Insider Buying and Selling at Intel

In related 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 sale, the executive vice president owned 105,077 shares in the company, valued at approximately $10,458,313.81. The trade was a 27.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.05% of the company's stock.

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.

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