Intel Corporation $INTC Shares Sold by GRIMES & Co WEALTH MANAGEMENT LLC

GRIMES & Co WEALTH MANAGEMENT LLC reduced its position in Intel Corporation (NASDAQ:INTC) by 11.1% in the 4th quarter, Holdings Channel reports. The fund owned 52,419 shares of the chip maker’s stock after selling 6,539 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in Intel were worth $1,934,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of INTC. Legacy Bridge LLC acquired a new position in Intel in the fourth quarter valued at $26,000. Corundum Trust Company INC acquired a new stake in Intel in the 3rd quarter worth about $29,000. Raleigh Capital Management Inc. acquired a new stake in Intel in the 4th quarter worth about $29,000. Provenance Wealth Advisors LLC grew its holdings in Intel by 89.2% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 946 shares of the chip maker’s stock valued at $32,000 after buying an additional 446 shares during the period. Finally, Strengthening Families & Communities LLC purchased a new stake in Intel in the 3rd quarter valued at about $33,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel News Summary

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel reportedly reached a preliminary agreement to manufacture chips for Apple devices, which would be a major vote of confidence in Intel’s foundry business and could open a meaningful new revenue stream. Apple, Intel Have Reached Preliminary Chip-Making Agreement
• Positive Sentiment: Wall Street commentary has turned more constructive on Intel’s turnaround, with analysts citing stronger earnings, improving guidance, and rising confidence in its foundry progress and AI positioning. Freedom Broker Upgrades Intel Corporation (INTC) to Buy, Lifts PT
• Positive Sentiment: Recent reports suggest Intel is benefiting from a shift in the AI chip narrative, with demand moving beyond Nvidia and into CPUs and other infrastructure-related chips. Wall Street sees ‘changing of the guard in AI’ as Intel, AMD shares soar while Nvidia lags
• Neutral Sentiment: Intel’s recent surge has also drawn caution from some commentators, who warn the stock may be getting stretched after an extremely rapid rally, raising the risk of volatility if deal expectations cool. Intel’s stock just had its most explosive growth ever. Why skeptics are piling on.
• Negative Sentiment: Some analysis still argues Intel faces execution risk, with investors watching closely to see whether the turnaround can translate into durable profits rather than just a momentum-driven move. Intel’s 33% Revenue Drop Puts Tan’s Turnaround In Focus

Analyst Ratings Changes

Several brokerages have recently weighed in on INTC. New Street Research increased their price objective on shares of Intel from $50.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. JPMorgan Chase & Co. lifted their price target on shares of Intel from $35.00 to $45.00 and gave the company an “underweight” rating in a report on Friday, April 24th. Citic Securities upgraded Intel from a “hold” rating to a “buy” rating and upped their price objective for the stock from $38.90 to $60.30 in a report on Monday, January 26th. Daiwa Securities Group increased their target price on Intel from $41.00 to $50.00 in a research report on Tuesday, February 3rd. Finally, Bank of America boosted their price target on Intel from $48.00 to $56.00 and gave the company an “underperform” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-five have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $75.64.

Intel Price Performance

Intel stock opened at $124.82 on Friday. The firm has a fifty day moving average of $58.56 and a 200-day moving average of $47.46. Intel Corporation has a 52-week low of $18.97 and a 52-week high of $130.57. The company has a quick ratio of 1.85, a current ratio of 2.31 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $627.32 billion, a P/E ratio of -201.31 and a beta of 2.18.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, April 23rd. The chip maker reported $0.29 earnings per share 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 for the quarter, compared to analyst estimates of $12.32 billion. During the same quarter in the previous year, the business posted $0.13 EPS. The business’s quarterly revenue was up 7.4% on a year-over-year basis. Intel has set its Q2 2026 guidance at 0.200-0.200 EPS. As a group, analysts predict that Intel Corporation will post 0.63 EPS for the current year.

Insider Activity at Intel

In other Intel news, EVP Boise April Miller sold 40,256 shares of the business’s stock in a transaction dated 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 in the company, 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 document filed with the SEC, which is available through this hyperlink. 0.05% of the stock is currently owned by corporate insiders.

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.