Destination Wealth Management Has $1.09 Million Stock Holdings in Intel Corporation $INTC

Destination Wealth Management increased its stake in shares of Intel Corporation (NASDAQ:INTC) by 15.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,452 shares of the chip maker’s stock after purchasing an additional 4,040 shares during the quarter. Destination Wealth Management’s holdings in Intel were worth $1,087,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Dixon Mitchell Investment Counsel Inc. acquired a new position in Intel during the 4th quarter worth approximately $185,000. Element Wealth LLC acquired a new position in Intel during the 4th quarter worth approximately $387,000. Arkos Global Advisors increased its position in Intel by 3.6% during the 4th quarter. Arkos Global Advisors now owns 7,187 shares of the chip maker’s stock worth $265,000 after purchasing an additional 250 shares in the last quarter. Artemis Wealth Advisors LLC increased its position in Intel by 177.4% during the 4th quarter. Artemis Wealth Advisors LLC now owns 125,099 shares of the chip maker’s stock worth $4,616,000 after purchasing an additional 80,000 shares in the last quarter. Finally, Bristlecone Value Partners LLC acquired a new position in Intel during the 4th quarter worth approximately $551,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Intel

In other news, EVP Boise April Miller sold 40,256 shares of the stock in a transaction 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 completion of the sale, the executive vice president directly owned 105,077 shares in the company, valued at $10,458,313.81. This represents a 27.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.05% of the stock is currently owned by company insiders.

Intel Stock Performance

Shares of NASDAQ INTC opened at $124.57 on Monday. 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 52-week low of $18.97 and a 52-week high of $132.75. The firm has a 50 day moving average price of $95.17 and a two-hundred day moving average price of $61.74. The stock has a market cap of $626.09 billion, a P/E ratio of -200.92 and a beta of 2.21.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, April 23rd. The chip maker reported $0.29 earnings per share (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 firm had revenue of $13.58 billion during the quarter, compared to analysts’ expectations of $12.32 billion. During the same period in the prior year, the company posted $0.13 EPS. The company’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. As a group, equities analysts forecast that Intel Corporation will post 0.63 EPS for the current year.

Key Stories Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Bank of America double-upgraded Intel to Buy and lifted its price target, signaling renewed confidence in the company’s CPU and foundry growth outlook. Article Title
• Positive Sentiment: Multiple reports highlighted Intel’s improving foundry story and its ability to benefit from AI-related semiconductor demand, which supported the stock’s move higher. Article Title
• Neutral Sentiment: Intel’s recent gains have also been linked to broader sector rotation back into beaten-down chip stocks, as investors looked past near-term macro and geopolitical concerns. Article Title
• Negative Sentiment: Some commentary warned that Intel and other chip stocks could face downside if the AI trade proves overextended and the market starts pricing in a bubble-like scenario. Article Title

Analysts Set New Price Targets

INTC has been the subject of a number of research analyst reports. Royal Bank Of Canada reiterated a “neutral” rating and set a $80.00 price objective on shares of Intel in a research report on Monday, May 4th. KGI Securities cut shares of Intel from an “outperform” rating to a “neutral” rating and set a $71.00 price target for the company. in a research report on Monday, April 20th. Piper Sandler assumed coverage on shares of Intel in a research report on Thursday. They issued a “neutral” rating for the company. Northland Securities cut shares of Intel from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 26th. Finally, Wells Fargo & Company upped their price target on shares of Intel from $85.00 to $110.00 and gave the company an “equal weight” rating in a research report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, twenty-seven have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $87.31.

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.