Westpac Banking Corp Has $3.54 Million Stake in Intel Corporation $INTC

Westpac Banking Corp increased its holdings in shares of Intel Corporation (NASDAQ:INTC) by 47.0% in the first quarter, HoldingsChannel reports. The institutional investor owned 80,230 shares of the chip maker’s stock after purchasing an additional 25,665 shares during the quarter. Westpac Banking Corp’s holdings in Intel were worth $3,541,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Financially Speaking Inc boosted its stake in Intel by 69.2% in the fourth quarter. Financially Speaking Inc now owns 682 shares of the chip maker’s stock valued at $25,000 after acquiring an additional 279 shares during the last quarter. Financial Life Planners bought a new stake in shares of Intel during the 1st quarter valued at $25,000. Legacy Bridge LLC bought a new stake in shares of Intel during the 4th quarter valued at $26,000. Raleigh Capital Management Inc. bought a new stake in shares of Intel during the 4th quarter valued at $29,000. Finally, Swiss RE Ltd. acquired a new position in shares of Intel in the 4th quarter valued at $29,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Stock Up 8.6%

NASDAQ:INTC opened at $105.45 on Wednesday. The stock has a 50-day simple moving average of $116.84 and a 200 day simple moving average of $77.08. Intel Corporation has a 52-week low of $18.97 and a 52-week high of $142.35. The company has a market cap of $529.99 billion, a PE ratio of -170.08 and a beta of 2.18. 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 (NASDAQ:INTC) last released its earnings results on Thursday, April 23rd. The chip maker reported $0.29 EPS for the quarter, beating the consensus estimate of $0.01 by $0.28. Intel had a positive return on equity of 0.39% and a negative net margin of 5.90%.The firm had revenue of $13.58 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. Intel has set its Q2 2026 guidance at 0.200-0.200 EPS. On average, sell-side analysts expect 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 business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $99.53, for a total value of $4,006,679.68. Following the sale, the executive vice president owned 105,077 shares of the company’s stock, 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 can be accessed through the SEC website. 0.05% of the stock is owned by company insiders.

Key Stories Impacting Intel

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. DZ Bank upgraded Intel from a “sell” rating to a “neutral” rating in a research report on Friday, April 24th. New Street Research increased their target price on Intel from $100.00 to $122.00 in a research note on Friday, June 26th. Bank of America increased their target price on Intel from $135.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Roth Capital upgraded Intel from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a report on Friday, April 24th. Finally, KeyCorp upped their price target on Intel from $110.00 to $155.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twenty-nine have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $102.77.

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.