North Dakota State Investment Board Invests $5.53 Million in Intel Corporation $INTC

Key Points

• North Dakota State Investment Board opened a new position in Intel in the fourth quarter, buying 149,868 shares worth about $5.53 million.
• Intel is seeing a mix of sentiment: analysts at Erste Group raised earnings estimates, while other reports highlighted pressure from a semiconductor selloff and concerns about Intel losing server CPU share to AMD and Arm.
• The company’s latest quarter beat expectations, with EPS of $0.29 and revenue of $13.58 billion, but Wall Street still has a cautious view overall, with a consensus rating of Hold and a target price of $77.38.

North Dakota State Investment Board acquired a new position in Intel Corporation (NASDAQ:INTC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 149,868 shares of the chip maker's stock, valued at approximately $5,530,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Legacy Bridge LLC purchased a new stake in shares of Intel in the 4th quarter worth $26,000. Raleigh Capital Management Inc. purchased a new stake in Intel in the 4th quarter worth $29,000. HighMark Wealth Management LLC increased its stake in Intel by 177.7% in the 4th quarter. HighMark Wealth Management LLC now owns 886 shares of the chip maker's stock worth $33,000 after buying an additional 567 shares in the last quarter. Provenance Wealth Advisors LLC increased its stake in Intel by 89.2% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 946 shares of the chip maker's stock worth $32,000 after buying an additional 446 shares in the last quarter. Finally, 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 in the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel News Summary

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel announced it is the official compute partner of McLaren Racing, adding another visible partnership that showcases its chips in high-performance, real-world workloads. Article Title
• Positive Sentiment: Erste Group Bank raised its FY2026 and FY2027 earnings estimates for Intel, suggesting some analysts see the turnaround improving. Article Title
• Neutral Sentiment: Intel continues to be featured in bullish AI and infrastructure narratives, including reports tied to Apple, Tesla’s Terafab project, and Intel’s role in AI compute builds, which support the long-term thesis but do not offset near-term caution. Article Title
• Negative Sentiment: Multiple reports say Intel is being hit by a broad semiconductor pullback as Treasury yields rise and investors rotate out of high-flying AI stocks. Article Title
• Negative Sentiment: Analysts and market commentary continue to warn that Intel is losing server CPU market share to AMD and Arm, raising concerns about its competitive position in AI data centers. Article Title
• Negative Sentiment: Several articles framed Intel’s rally as overextended, with profit-taking and “AI bubble” worries triggering a sharp reversal in chip stocks. Article Title

Insider Activity at Intel

In other Intel news, EVP Boise April Miller sold 40,256 shares of the 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 completion of the transaction, the executive vice president owned 105,077 shares of the company's stock, valued at $10,458,313.81. This represents a 27.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.05% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $100.00 price target on shares of Intel in a research note on Tuesday, May 12th. Robert W. Baird increased their price target on Intel from $50.00 to $75.00 and gave the stock a "neutral" rating in a research note on Friday, April 24th. Mizuho increased their price target on Intel to $124.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 12th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Intel in a research note on Friday, April 24th. Finally, KGI Securities lowered Intel from an "outperform" rating to a "neutral" rating and set a $71.00 price target for the company. in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty-five have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Intel presently has an average rating of "Hold" and a consensus target price of $77.38.

Intel Price Performance

INTC opened at $108.77 on Monday. The firm has a 50-day simple moving average of $67.51 and a two-hundred day simple moving average of $50.91. Intel Corporation has a 52 week low of $18.97 and a 52 week high of $132.75. The company has a market capitalization of $546.68 billion, a PE ratio of -175.43 and a beta of 2.18. The company has a quick ratio of 1.85, a current ratio of 2.31 and a debt-to-equity ratio of 0.34.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The chip maker reported $0.29 EPS for the quarter, beating the consensus estimate of $0.01 by $0.28. Intel had a negative net margin of 5.90% and a positive return on equity of 0.39%. The business had revenue of $13.58 billion during the quarter, compared to the consensus estimate of $12.32 billion. During the same quarter in the prior year, the firm earned $0.13 EPS. The business's revenue was up 7.4% on a year-over-year basis. Intel has set its Q2 2026 guidance at 0.200-0.200 EPS. Analysts forecast that Intel Corporation will post 0.63 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.