National Pension Service Sells 233,730 Shares of Intel Corporation $INTC

Key Points

• National Pension Service cut its Intel stake by 2.3% in the fourth quarter, selling 233,730 shares and leaving it with 9,713,921 shares valued at about $358.4 million.
• Other large institutional investors remain heavily invested in Intel, and the company is still 64.53% owned by institutions, suggesting broad professional ownership despite the recent reduction by one fund.
• Analysts are split on Intel: several raised price targets recently, but the overall consensus remains Hold with a target of $81.52, while the stock also drew a downgrade from Northland over valuation concerns.

National Pension Service reduced its stake in Intel Corporation (NASDAQ:INTC - Free Report) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,713,921 shares of the chip maker's stock after selling 233,730 shares during the quarter. National Pension Service owned about 0.19% of Intel worth $358,444,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Intel by 3.5% in the 4th 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. Geode Capital Management LLC raised its holdings in Intel by 3.2% in 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 acquiring an additional 3,124,798 shares during the last quarter. Capital World Investors raised its holdings in Intel by 32.5% in the 3rd quarter. Capital World Investors now owns 86,503,121 shares of the chip maker's stock worth $2,902,180,000 after acquiring an additional 21,230,715 shares during the last quarter. Van ECK Associates Corp raised its holdings in Intel by 18.3% in the 3rd 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. Finally, Invesco Ltd. raised its holdings in Intel by 0.7% in the 3rd quarter. Invesco Ltd. now owns 47,658,924 shares of the chip maker's stock worth $1,598,957,000 after acquiring an additional 312,485 shares during the last quarter. 64.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on INTC. Daiwa Securities Group boosted their price objective on shares of Intel from $41.00 to $50.00 in a report on Tuesday, February 3rd. Freedom Capital upgraded shares of Intel from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 28th. Cantor Fitzgerald boosted their price objective on shares of Intel from $65.00 to $90.00 and gave the stock a "neutral" rating in a report on Friday, April 24th. Northland Securities lowered shares of Intel from an "outperform" rating to a "market perform" rating in a report on Tuesday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Intel from $35.00 to $45.00 and gave the stock an "underweight" rating in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twenty-six have assigned a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $81.52.

Intel Price Performance

Shares of INTC opened at $120.89 on Friday. The firm has a market cap of $607.59 billion, a PE ratio of -194.98 and a beta of 2.18. The company has a current ratio of 2.31, a quick ratio of 1.85 and a debt-to-equity ratio of 0.34. The firm has a fifty day simple moving average of $80.55 and a two-hundred day simple moving average of $55.91. Intel Corporation has a 1-year low of $18.97 and a 1-year high of $132.75.

Intel (NASDAQ:INTC - Get Free Report) last announced its earnings results on Thursday, April 23rd. The chip maker reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.28. The business had revenue of $13.58 billion during the quarter, compared to analyst estimates of $12.32 billion. Intel had a negative net margin of 5.90% and a positive return on equity of 0.39%. The company's quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 EPS. Intel has set its Q2 2026 guidance at 0.200-0.200 EPS. On average, equities analysts anticipate that Intel Corporation will post 0.63 EPS for the current year.

More Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel’s recent earnings and AI-related momentum are still supporting the bull case, with some commentary arguing the stock could keep climbing if its turnaround and foundry strategy continue to gain traction.
• Positive Sentiment: Acer announced the Predator Atlas 8 handheld powered by new Intel Arc G-series processors, another sign that Intel is landing product wins in gaming and PC hardware.
• Positive Sentiment: Several articles highlight anticipation around Intel’s June 2 COMPUTEX 2026 appearance, which could bring new product or strategy updates that investors are watching closely.
• Neutral Sentiment: Intel remains a major AI and semiconductor comeback story, but many of the bullish articles are speculative or forward-looking rather than based on new fundamental developments.
• Neutral Sentiment: Reports that Intel may consider leasing fab space could improve asset utilization and financial flexibility, but the market appears to be treating it as a strategic possibility rather than confirmed material news.
• Negative Sentiment: Northland downgraded Intel to Market Perform from Outperform, citing valuation concerns even while acknowledging progress in the turnaround.
• Negative Sentiment: Other commentary suggests Intel’s huge rally has made the stock expensive, with some analysts and media pieces warning that insider selling and stretched valuation could trigger a pullback.
• Negative Sentiment: Rival pressure is also a headwind, including coverage that AMD and Nvidia are strengthening their positions in key chip markets, which keeps competition concerns front and center for Intel investors.

Insiders Place Their Bets

In other Intel news, EVP Boise April Miller sold 40,256 shares of the business's stock in a transaction on 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 completion of the sale, the executive vice president directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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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