State of Michigan Retirement System Boosts Holdings in Intel Corporation $INTC

State of Michigan Retirement System lifted its holdings in Intel Corporation (NASDAQ:INTC) by 3.5% in the first quarter, HoldingsChannel reports. The firm owned 1,546,983 shares of the chip maker’s stock after buying an additional 52,700 shares during the quarter. State of Michigan Retirement System’s holdings in Intel were worth $68,268,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in INTC. Financially Speaking Inc grew its stake in shares of Intel by 69.2% in the fourth quarter. Financially Speaking Inc now owns 682 shares of the chip maker’s stock worth $25,000 after acquiring an additional 279 shares in the last quarter. Financial Life Planners acquired a new stake in shares of Intel in the first quarter valued at $25,000. Legacy Bridge LLC purchased a new position in Intel in the fourth quarter valued at $26,000. Raleigh Capital Management Inc. purchased a new position in Intel in the fourth quarter valued at $29,000. Finally, Swiss RE Ltd. acquired a new position in Intel during the 4th quarter worth $29,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Intel news, EVP Boise April Miller sold 40,256 shares of the company’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 completion of the transaction, the executive vice president 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 legal filing with the SEC, which is available at this hyperlink. 0.05% of the stock is currently owned by company insiders.

Intel Stock Down 6.1%

INTC stock opened at $103.12 on Tuesday. The company has a current ratio of 2.31, a quick ratio of 1.85 and a debt-to-equity ratio of 0.34. Intel Corporation has a twelve month low of $18.97 and a twelve month high of $142.35. The company’s 50 day moving average is $118.84 and its two-hundred day moving average is $74.36. The stock has a market cap of $518.28 billion, a P/E ratio of -166.32 and a beta of 2.18.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, April 23rd. The chip maker reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.28. The business had revenue of $13.58 billion during 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 company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.13 EPS. Intel has set its Q2 2026 guidance at 0.200-0.200 EPS. Research analysts expect that Intel Corporation will post 0.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on INTC shares. Scotiabank initiated coverage on Intel in a report on Tuesday, April 21st. They set a “sector perform” rating on the stock. Moffett Nathanson lowered shares of Intel to a “neutral” rating in a research note on Thursday, June 11th. Benchmark lifted their price target on shares of Intel from $105.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. HC Wainwright set a $150.00 price target on shares of Intel in a report on Monday, June 29th. Finally, Robert W. Baird increased their price objective on shares of Intel from $50.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twenty-eight have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $100.77.

Key Stories Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel announced a major €5 billion investment to expand its Irish manufacturing campus, a move aimed at boosting production of Xeon server processors and adding capacity for AI, cloud, and foundry demand. The expansion signals long-term commitment to growth in high-demand chip markets. Reuters: Intel announces $5.7 billion capital investment at Irish manufacturing hub
• Positive Sentiment: Analyst commentary turned more constructive, with one report saying Wall Street sees Intel’s turnaround taking hold and that a major price target was lifted for 2027. That suggests some firms expect improving execution and longer-term upside. Yahoo Finance: Intel Deepens Its European Chip Push
• Neutral Sentiment: Intel’s latest earnings were solid, beating estimates on both EPS and revenue, but the company still guided cautiously and remains unprofitable on a net-margin basis. Investors may see this as evidence of progress, but not a clean turnaround yet.
• Negative Sentiment: Shares are also being hit by a broader selloff in semiconductor stocks, with reports citing weakness across Nvidia, AMD, Micron, and SanDisk as risk appetite for AI-chip names cooled. Intel is being pulled down with the group. Barron’s: Intel, AMD, Sandisk, and More Stocks That Explain Today’s Market
• Negative Sentiment: Some traders are also focused on concerns about Intel’s foundry execution, including questions about yields and how it will compete with stronger rivals such as SK Hynix and AMD in memory and data-center markets. Those worries are weighing on sentiment ahead of earnings. TipRanks: Intel Stock Sinks as Trump’s Involvement Emerges

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.