Wasatch Advisors LP Lowers Stock Position in Intel Corporation $INTC

Key Points

• Wasatch Advisors LP cut its Intel stake by 25.6% in the first quarter, selling 19,655 shares and leaving it with 57,150 shares worth about $2.52 million.
• Institutional interest in Intel remains heavy, with 64.53% of the stock owned by hedge funds and other institutional investors; several large firms, including Vanguard and Capital World Investors, increased their positions.
• Intel continues to draw mixed sentiment: analysts are divided, with Goldman Sachs initiating coverage at neutral and a $150 target, while the company also reported a strong quarter, beating earnings and revenue estimates.

Wasatch Advisors LP trimmed its position in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 25.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 57,150 shares of the chip maker's stock after selling 19,655 shares during the period. Wasatch Advisors LP's holdings in Intel were worth $2,522,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Norges Bank purchased a new position in shares of Intel in the 4th quarter worth about $2,233,159,000. Capital World Investors grew its holdings in shares of Intel by 32.5% during the 3rd quarter. Capital World Investors now owns 86,503,121 shares of the chip maker's stock worth $2,902,180,000 after purchasing an additional 21,230,715 shares during the period. Capital Research Global Investors increased its position in Intel by 285.9% during the 4th 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 in the last quarter. Vanguard Group Inc. increased its position in Intel by 3.5% during 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. Finally, Morgan Stanley raised its holdings in Intel by 20.4% in the fourth 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 owned by hedge funds and other institutional investors.

Intel News Roundup

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Goldman Sachs began coverage of Intel with a neutral rating and a $150 price target, reinforcing the view that the stock still has upside after its big run. Goldman Sachs coverage on Intel
• Positive Sentiment: Micron’s blockbuster earnings and upbeat outlook for smartphones and PCs helped boost sentiment across semiconductors, including Intel, AMD, Arm, and Qualcomm. Micron article
• Positive Sentiment: Articles highlighting Intel’s turnaround, foundry push, and diversification away from Taiwan-based manufacturing are supporting the bullish narrative that Intel could gain share in advanced chips over time.
• Neutral Sentiment: Intel remains one of the most heavily watched stocks, with multiple articles focused on whether the recent rally is justified after the shares have already surged sharply this year.
• Neutral Sentiment: Congressional-trading and political headlines, including references to Intel-linked holdings and U.S. chip policy, are adding visibility but do not directly change near-term fundamentals.
• Negative Sentiment: Some market commentary says the valuation has run ahead of fundamentals, and broader chip stocks have also seen periods of renewed selling pressure, which could limit further upside if sentiment cools.

Insider Activity at Intel

In related news, EVP Boise April Miller sold 40,256 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president owned 105,077 shares of the company's stock, valued at approximately $10,458,313.81. This represents a 27.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.05% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on INTC shares. Tigress Financial boosted their price objective on shares of Intel from $66.00 to $118.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Weiss Ratings reissued a "sell (d-)" rating on shares of Intel in a research note on Friday, April 24th. JPMorgan Chase & Co. lifted their target price on shares of Intel from $35.00 to $45.00 and gave the company an "underweight" rating in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $100.00 price target on shares of Intel in a research report on Tuesday, May 12th. Finally, The Goldman Sachs Group assumed coverage on Intel in a research report on Thursday. They issued a "neutral" rating and a $150.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twenty-eight have issued a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat, Intel currently has a consensus rating of "Hold" and a consensus price target of $90.79.

Intel Price Performance

INTC opened at $128.32 on Friday. The company has a fifty day simple moving average of $109.54 and a 200 day simple moving average of $67.89. The firm has a market cap of $644.94 billion, a price-to-earnings ratio of -206.96 and a beta of 2.21. Intel Corporation has a twelve month low of $18.97 and a twelve month high of $141.45. The company has a current ratio of 2.31, a quick ratio of 1.85 and a debt-to-equity ratio of 0.34.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The chip maker reported $0.29 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.28. The firm had revenue of $13.58 billion for 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 firm's revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.13 EPS. Intel has set its Q2 2026 guidance at 0.200-0.200 EPS. Equities research analysts expect that Intel Corporation will post 0.63 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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