QRG Capital Management Inc. Has $21.43 Million Position in Intel Corporation $INTC

Key Points

• QRG Capital Management boosted its Intel stake by 29.2% in the first quarter, ending with 485,549 shares valued at about $21.43 million.
• Intel continues to attract heavy institutional interest overall, with hedge funds and other large investors holding 64.53% of the company’s stock.
• Recent sentiment around Intel has been mixed to positive: HSBC raised its price target to $200 with a Buy rating, while Intel also reported better-than-expected quarterly earnings and revenue.

QRG Capital Management Inc. increased its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 29.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 485,549 shares of the chip maker's stock after purchasing an additional 109,716 shares during the quarter. QRG Capital Management Inc.'s holdings in Intel were worth $21,427,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Intel in the 4th quarter valued at $2,233,159,000. Capital World Investors boosted its stake in shares of Intel by 32.5% during the third quarter. Capital World Investors now owns 86,503,121 shares of the chip maker's stock valued at $2,902,180,000 after purchasing an additional 21,230,715 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of Intel by 285.9% during the fourth quarter. Capital Research Global Investors now owns 26,619,928 shares of the chip maker's stock worth $982,279,000 after purchasing an additional 19,722,010 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Intel by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 404,522,308 shares of the chip maker's stock valued at $14,926,873,000 after buying an additional 13,692,624 shares during the period. Finally, Morgan Stanley boosted its position in Intel by 20.4% during the 4th quarter. Morgan Stanley now owns 65,249,269 shares of the chip maker's stock worth $2,407,698,000 after buying an additional 11,056,090 shares during the period. Institutional investors and hedge funds own 64.53% of the company's stock.

Insider Activity at Intel

In related news, EVP Boise April Miller sold 40,256 shares of Intel stock in a transaction that occurred on Friday, May 1st. The stock was 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 of the company's stock, valued at $10,458,313.81. The trade was a 27.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.05% of the stock is currently owned by company insiders.

Intel News Roundup

Here are the key news stories impacting Intel this week:

• Positive Sentiment: HSBC raised its price target on Intel to $200 and kept a Buy rating, citing progress in the foundry business and potential partnerships with Apple, Nvidia, and Amazon. Intel (INTC) Stock Could Surge 100%: HSBC Analyst Raises Target to $200
• Positive Sentiment: Jim Cramer highlighted Intel as his favorite stock and said CEO Lip-Bu Tan has turned the company around, calling out multiple growth opportunities. Jim Cramer Highlights Intel’s “Three Major Growth Opportunities”
• Positive Sentiment: Intel continues to benefit from improving views on its AI PC, networking, and foundry businesses, which are supporting rising earnings estimates and investor optimism. INTC Outpaces Industry in a Year: How to Play the Stock?
• Neutral Sentiment: TPIsoftware said it is using Intel Xeon 6 processors and Intel Arc Pro B60 GPUs for enterprise AI solutions, which adds a modest demand signal for Intel’s hardware. TPIsoftware Adopts Intel (INTC) Processors and GPUs to Power Enterprise AI Solutions
• Neutral Sentiment: Several articles noted that Intel has recently seen volatility after a huge run-up, with chip stocks also pressured by broader profit-taking and fears of an AI demand cooldown. Intel, Marvell Technology, and AMD Stocks Trade Down, What You Need To Know
• Negative Sentiment: Intel also faced broad semiconductor-sector selling as investors rotated out of high-flying chip names amid concerns that AI-driven chip demand may be cooling. US Stocks: Micron, Intel and other chip stocks fall up to 11% after record-breaking rally

Intel Price Performance

INTC stock opened at $120.35 on Friday. 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 Corporation has a fifty-two week low of $18.97 and a fifty-two week high of $142.35. The stock's 50 day simple moving average is $115.64 and its 200 day simple moving average is $70.96. The company has a market cap of $604.88 billion, a P/E ratio of -194.11 and a beta of 2.18.

Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results on Thursday, April 23rd. The chip maker reported $0.29 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $12.32 billion. During the same period last year, the business earned $0.13 EPS. Intel'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. On average, research analysts expect that Intel Corporation will post 0.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

INTC has been the subject of several analyst reports. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $100.00 price target on shares of Intel in a research note on Wednesday, June 17th. Tigress Financial lifted their price objective on Intel from $66.00 to $118.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Roth Mkm upgraded shares of Intel from a "neutral" rating to a "buy" rating and set a $100.00 price target for the company in a report on Friday, April 24th. Rosenblatt Securities increased their price objective on shares of Intel from $30.00 to $50.00 and gave the stock a "sell" rating in a research report on Friday, April 24th. Finally, KeyCorp upped their price target on shares of Intel from $70.00 to $110.00 and gave the company an "overweight" rating in a research report on Friday, April 24th. Two 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 company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $96.69.

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.

Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Corporation (NASDAQ:INTC - Free Report).

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.