Summit Wealth Partners LLC Purchases Shares of 5,484 Intel Corporation $INTC

Summit Wealth Partners LLC acquired a new position in shares of Intel Corporation (NASDAQ:INTC) in the 1st quarter, HoldingsChannel.com reports. The fund acquired 5,484 shares of the chip maker’s stock, valued at approximately $242,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in INTC. iA Global Asset Management Inc. increased its position in shares of Intel by 17.0% in the fourth quarter. iA Global Asset Management Inc. now owns 593,043 shares of the chip maker’s stock worth $21,883,000 after acquiring an additional 86,189 shares in the last quarter. Whalerock Point Partners LLC purchased a new stake in shares of Intel in the 4th quarter valued at approximately $205,000. Van ECK Associates Corp lifted its position in shares of Intel by 18.3% in the 3rd quarter. Van ECK Associates Corp now owns 55,521,741 shares of the chip maker’s stock valued at $1,862,755,000 after acquiring an additional 8,569,812 shares in the last quarter. Heritage Investment Group Inc. acquired a new position in Intel in the 4th quarter worth approximately $219,000. Finally, Dixon Mitchell Investment Counsel Inc. acquired a new position in Intel in the 4th quarter worth approximately $185,000. 64.53% of the stock is owned by institutional investors.

Intel News Roundup

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Bank of America raised its price target on Intel to $160 from $135 and kept a Buy rating, citing stronger fundamentals and AI-driven demand. Intel price target raised by Bank of America
• Positive Sentiment: MarketBeat reported that Intel is packaging the future of American chips, emphasizing its expanded role in advanced packaging, government backing, and the 18A-P node entering risk production. Intel packaging the future of American chips
• Positive Sentiment: Multiple articles pointed to a possible Intel-Apple chip partnership and NVIDIA’s strategic investment in Intel as validation of Intel’s foundry turnaround story. Intel and Apple chip partnership article
• Positive Sentiment: Supermicro announced Intel-powered platforms for AI-at-the-edge deployments, reinforcing Intel’s relevance in AI infrastructure hardware. Supermicro Intel-powered AI platforms

Intel Stock Down 6.1%

Intel stock opened at $132.28 on Wednesday. The company has a market capitalization of $664.84 billion, a P/E ratio of -213.35 and a beta of 2.21. The firm’s fifty day simple moving average is $105.57 and its 200-day simple moving average is $66.18. 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 1-year low of $18.97 and a 1-year high of $141.45.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, April 23rd. The chip maker reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.28. The firm had revenue of $13.58 billion during the quarter, compared to analysts’ expectations of $12.32 billion. Intel had a negative net margin of 5.90% and a positive return on equity of 0.39%. Intel’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.13 earnings per share. Intel has set its Q2 2026 guidance at 0.200-0.200 EPS. Sell-side analysts forecast that Intel Corporation will post 0.63 earnings per share for the current fiscal year.

Insider Buying and Selling 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 value of $4,006,679.68. Following the completion of 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.05% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on INTC. Truist Financial lifted their price objective on shares of Intel from $49.00 to $81.00 and gave the stock a “hold” rating in a research report on Friday, April 24th. Arete Research raised their target price on Intel from $20.40 to $99.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 10th. Wall Street Zen upgraded Intel from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Roth Mkm raised Intel from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a research report on Friday, April 24th. Finally, Morgan Stanley downgraded Intel from an “overweight” rating to an “underweight” rating in a research note on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twenty-seven have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, Intel has an average rating of “Hold” and an average price target of $87.98.

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.