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

Key Points

• Intel beat Q1 estimates and raised guidance, reporting $0.29 EPS on $13.58B revenue and citing strong AI/data‑center demand and foundry momentum (including Tesla interest), which helped push the stock to near all‑time highs amid multiple analyst price‑target increases despite a consensus "Hold" (average target ~$72.98).
• State of Michigan Retirement System trimmed its stake in Intel by 6.5% in Q4, selling 103,400 shares and leaving 1,494,283 shares valued at about $55.14 million.
• Insider sale: EVP Boise April Miller sold 20,000 shares on Feb. 2 at an average $49.05 for ~$981,000, reducing her holding by roughly 15% to 113,060 shares.

State of Michigan Retirement System lessened its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 6.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,494,283 shares of the chip maker's stock after selling 103,400 shares during the quarter. State of Michigan Retirement System's holdings in Intel were worth $55,139,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of INTC. PKO Investment Management Joint Stock Co increased its position in Intel by 33.3% during the third quarter. PKO Investment Management Joint Stock Co now owns 120,000 shares of the chip maker's stock worth $4,026,000 after buying an additional 30,000 shares during the period. Van ECK Associates Corp grew its position in shares of Intel by 18.3% during the third quarter. Van ECK Associates Corp now owns 55,521,741 shares of the chip maker's stock worth $1,862,755,000 after acquiring an additional 8,569,812 shares during the last quarter. Katamaran Capital LLP purchased a new position in Intel during the 3rd quarter worth $349,000. Rothschild Investment LLC grew its holdings in shares of Intel by 84.7% during the third quarter. Rothschild Investment LLC now owns 56,490 shares of the chip maker's stock worth $1,895,000 after buying an additional 25,901 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Intel by 7.0% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 11,662,576 shares of the chip maker's stock valued at $430,349,000 after purchasing an additional 759,951 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Intel

In other Intel news, EVP Boise April Miller sold 20,000 shares of the firm's stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $49.05, for a total transaction of $981,000.00. Following the sale, the executive vice president directly owned 113,060 shares of the company's stock, valued at $5,545,593. This trade represents a 15.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.05% of the company's stock.

Trending Headlines about Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Q1 beat and raised guidance — Intel reported revenue and EPS above Street forecasts and gave Q2 revenue guidance well above consensus, a direct catalyst for the rally. Intel forecasts second-quarter revenue above estimates (Reuters)
• Positive Sentiment: AI/data-center demand is driving durable revenue growth — Management cited “unprecedented” CPU demand for AI workloads and expanding data-center sales, which improves near-term revenue visibility and margins. Unprecedented demand has Intel stock soaring (Investopedia)
• Positive Sentiment: Tesla/14A foundry momentum — Tesla signaled it will use Intel’s 14A process for its Terafab AI chips, validating Intel’s foundry progress and adding a high‑profile customer to the pipeline. Elon Musk lays out Terafab AI chip project plan (Reuters)
• Positive Sentiment: Wall Street re-rates the story — Multiple firms raised price targets and upgraded ratings after the quarter, adding buying pressure and supporting higher valuation expectations. Citi and Evercore pile into Intel with huge price target hikes (247WallSt)
• Neutral Sentiment: Corporate governance update — Intel’s CFO (Dave Zinsner) has taken on the principal accounting officer role in addition to CFO duties; this is an internal organization change investors should note but it’s not an immediate financial catalyst. Intel CFO assumes additional role as principal accounting officer (TipRanks)
• Neutral Sentiment: Short interest ticked up — Short interest rose ~20.9% in mid‑April to ~144M shares (≈2.9% of float); the short‑interest ratio remains low (~1.2 days), so it’s a data point on positioning rather than an immediate squeeze signal.
• Negative Sentiment: Profit-taking/valuation risk — After a massive rally and fresh all‑time highs, analysts and market commentators caution the move may be stretched and vulnerable to a pullback; several firms still carry neutral/underperform views despite higher targets. Intel is breaking 2000s high: time to be careful (MarketBeat)

Analyst Ratings Changes

Several equities analysts have issued reports on INTC shares. Deutsche Bank Aktiengesellschaft boosted their target price on Intel from $45.00 to $63.00 and gave the stock a "hold" rating in a research report on Friday. Daiwa Securities Group increased their target price on shares of Intel from $41.00 to $50.00 in a report on Tuesday, February 3rd. JPMorgan Chase & Co. lifted their price target on shares of Intel from $35.00 to $45.00 and gave the company an "underweight" rating in a research report on Friday. Wedbush reissued a "neutral" rating and set a $30.00 price target on shares of Intel in a research note on Tuesday, January 20th. Finally, Jefferies Financial Group upped their price target on Intel from $60.00 to $80.00 and gave the stock a "hold" rating in a report on Friday. Eleven investment analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, Intel has a consensus rating of "Hold" and an average target price of $72.98.

Intel Stock Performance

Intel stock opened at $82.37 on Monday. Intel Corporation has a fifty-two week low of $18.97 and a fifty-two week high of $85.22. The company has a market capitalization of $411.44 billion, a price-to-earnings ratio of -132.85, a PEG ratio of 18.27 and a beta of 1.35. The stock has a fifty day moving average of $51.10 and a two-hundred day moving average of $44.42. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.85 and a current ratio of 2.31.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The chip maker reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.28. The business had revenue of $13.58 billion for the quarter, compared to the consensus estimate of $12.32 billion. Intel had a positive return on equity of 0.39% and a negative net margin of 5.90%.The business's revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.13 earnings per share. Intel has set its Q2 2026 guidance at 0.200-0.200 EPS. On average, analysts anticipate that Intel Corporation will post 0.08 EPS for the current fiscal year.

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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