Illinois Municipal Retirement Fund Has $15.76 Million Stock Position in Intel Corporation $INTC

Illinois Municipal Retirement Fund lowered its holdings in shares of Intel Corporation (NASDAQ:INTC) by 24.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 357,228 shares of the chip maker’s stock after selling 112,969 shares during the period. Illinois Municipal Retirement Fund’s holdings in Intel were worth $15,764,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. iA Global Asset Management Inc. increased its position in Intel by 17.0% during 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 purchasing an additional 86,189 shares during the period. Whalerock Point Partners LLC acquired a new position in shares of Intel in the 4th quarter worth approximately $205,000. Heritage Investment Group Inc. acquired a new position in shares of Intel in the 4th quarter worth approximately $219,000. Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of Intel in the 4th quarter valued at $185,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Intel by 5.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 255,261 shares of the chip maker’s stock valued at $9,419,000 after purchasing an additional 13,858 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Trading Down 5.8%

NASDAQ:INTC opened at $96.98 on Friday. The company has a current ratio of 2.31, a quick ratio of 1.85 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $487.42 billion, a price-to-earnings ratio of -156.42 and a beta of 2.18. The firm has a fifty day simple moving average of $118.38 and a two-hundred day simple moving average of $75.77. Intel Corporation has a 12 month low of $18.97 and a 12 month high of $142.35.

Intel (NASDAQ:INTC) last announced its quarterly earnings data 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 firm had revenue of $13.58 billion for the quarter, compared to analyst estimates of $12.32 billion. During the same quarter in the prior year, the business earned $0.13 earnings per share. The business’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. Analysts expect that Intel Corporation will post 0.64 EPS for the current fiscal year.

Insider Buying and Selling

In related 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 value of $4,006,679.68. Following the completion of the sale, the executive vice president directly owned 105,077 shares of the company’s stock, valued at $10,458,313.81. The trade was a 27.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.05% of the stock is owned by insiders.

Intel News Roundup

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel and Google Cloud announced an expanded partnership, with Google Cloud deepening its use of Intel’s AI-focused tools and workflows, reinforcing Intel’s relevance in enterprise AI design and cloud infrastructure. Intel, Google Cloud announce expansion of existing deal
• Positive Sentiment: Multiple analysts turned more constructive ahead of earnings, including Susquehanna raising its price target and citing stronger server demand, while other firms highlighted Intel’s improving foundry/manufacturing progress. Intel slips even as Susquehanna ups price target ahead of Q2 results
• Positive Sentiment: Intel said it has begun using ASML’s most advanced High-NA EUV equipment for chip production, a milestone that signals progress in its manufacturing roadmap and supports the bull case for its turnaround. Intel turns to next-generation ASML tool to help make its laptop chips
• Neutral Sentiment: Intel remains a heavy topic on trading desks ahead of its July 23 earnings report, with retail investors buying the dip and several commentators framing the stock as an AI/foundry turnaround play. Investors Snapping Up INTC Stock Ahead of Q2 Earnings, According to Crowd Wisdom Data
• Negative Sentiment: Intel is being dragged lower by a broad semiconductor selloff as investors worry that AI spending could slow and that the chip cycle may be less durable than hoped. Marvell Drops 8% as AI Capex Slowdown Fears Weigh on Chips; Broadcom, AMD, and Intel Slide
• Negative Sentiment: Some coverage also points to Intel’s weaker PC trends and the difficulty of competing with TSMC’s manufacturing efficiency, keeping investors cautious about how quickly the turnaround can translate into stronger profits.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on INTC. HSBC reissued a “buy” rating and set a $200.00 target price on shares of Intel in a research note on Thursday, July 2nd. Citigroup upgraded Intel from a “buy” rating to a “buy” rating in a report on Thursday, June 11th. Benchmark lifted their price objective on Intel from $105.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. The Goldman Sachs Group initiated coverage on Intel in a research note on Thursday, June 25th. They issued a “neutral” rating and a $150.00 price objective on the stock. Finally, Rosenblatt Securities upped their target price on Intel from $30.00 to $50.00 and gave the company a “sell” rating in a research report on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twenty-eight have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $102.72.

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.