Westpac Banking Corp Has $3.54 Million Stock Position in Intel Corporation $INTC

Key Points

• Westpac Banking Corp increased its Intel stake by 47% in the first quarter, ending with 80,230 shares worth about $3.54 million.
• Intel reported stronger-than-expected quarterly results, with EPS of $0.29 versus $0.01 expected and revenue of $13.58 billion versus $12.32 billion expected, while revenue rose 7.4% year over year.
• Analysts remain split on Intel: the stock has a Hold consensus rating, though several firms recently raised targets or upgraded shares amid optimism around its turnaround and foundry business.

Westpac Banking Corp grew its position in Intel Corporation (NASDAQ:INTC - Free Report) by 47.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 80,230 shares of the chip maker's stock after acquiring an additional 25,665 shares during the quarter. Westpac Banking Corp's holdings in Intel were worth $3,541,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of INTC. iA Global Asset Management Inc. boosted its stake in Intel by 17.0% in the 4th quarter. iA Global Asset Management Inc. now owns 593,043 shares of the chip maker's stock valued at $21,883,000 after buying an additional 86,189 shares in the last quarter. Whalerock Point Partners LLC bought a new stake in Intel in the fourth quarter valued at $205,000. Heritage Investment Group Inc. acquired a new position in Intel during the fourth quarter worth $219,000. Dixon Mitchell Investment Counsel Inc. acquired a new position in Intel during the fourth quarter worth $185,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Intel by 5.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 255,261 shares of the chip maker's stock valued at $9,419,000 after acquiring an additional 13,858 shares during the period. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Stock Performance

Shares of NASDAQ:INTC opened at $105.45 on Wednesday. The business has a fifty day moving average of $116.84 and a 200-day moving average of $77.08. 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 twelve month low of $18.97 and a twelve month high of $142.35. The firm has a market cap of $529.99 billion, a PE ratio of -170.08 and a beta of 2.18.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The chip maker reported $0.29 earnings per share (EPS) for the quarter, topping 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 negative net margin of 5.90% and a positive return on equity of 0.39%. The firm's quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.13 EPS. Intel has set its Q2 2026 guidance at 0.200-0.200 EPS. On average, equities research analysts predict that Intel Corporation will post 0.64 EPS for the current fiscal year.

Insider Activity

In other news, EVP Boise April Miller sold 40,256 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president directly owned 105,077 shares in the company, 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 Securities & Exchange Commission, which is accessible through this link. Insiders own 0.05% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Moffett Nathanson downgraded shares of Intel to a "neutral" rating in a research note on Thursday, June 11th. BNP Paribas Exane upgraded shares of Intel from an "underperform" rating to a "buy" rating and set a $60.00 target price for the company in a research report on Tuesday, April 21st. Benchmark lifted their price target on shares of Intel from $105.00 to $140.00 and gave the company a "buy" rating in a report on Monday, May 18th. Zacks Research upgraded shares of Intel from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, June 23rd. Finally, New Street Research upped their price objective on shares of Intel from $100.00 to $122.00 in a research note on Friday, June 26th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twenty-nine have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $102.77.

Key Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: RBC and other bullish previews said Intel could beat Q2 revenue expectations, helped by stronger server demand and improving data center momentum. Intel Jumps 6% on RBC’s Q2 Beat Call, AMD Rises 4%, Broadcom Climbs 3% as the Chip Rally Resumes
• Positive Sentiment: Intel’s foundry business landed Fortinet as its first named customer under CEO Lip-Bu Tan, a win that supports the turnaround story and signals outside interest in Intel’s manufacturing capabilities. Intel's foundry lands first named customer under CEO Lip-Bu Tan, as Fortinet signs on for security chips
• Positive Sentiment: Intel also announced a Fortinet partnership on security chips and reported progress tied to memory upgrades, Google Cloud AI expansion, and restructuring, which added to the pre-earnings rally. Intel Stock NASDAQ: INTC Blasts Up After Fortinet Team-Up
• Positive Sentiment: Chip stocks broadly rebounded, and Intel was one of the leaders as investors rotated back into semiconductors after the recent selloff. Chip Stocks Extend Rebound on Tuesday as Nvidia, AMD, SNDK, Micron, and Intel Rise. Here’s Why
• Neutral Sentiment: Intel faces a large implied post-earnings move, showing traders expect a meaningful reaction either way after results. Intel Could Swing $61.4 Billion in Value After Earnings This Week
• Negative Sentiment: Some analysts warned the stock’s valuation is stretched and that sentiment could overwhelm even solid earnings, especially if guidance disappoints. Intel set to beat but valuation leaves it exposed to sentiment swings
• Negative Sentiment: Reports of fresh layoffs in Intel’s data center and AI unit underscore the ongoing turnaround effort and suggest management is still making tough cuts to improve efficiency. Intel Launches Fresh Layoffs in Data Center and AI Unit Ahead of Earnings as Lip-Bu Tan Pushes Turnaround Strategy

Intel 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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