Berkshire Asset Management LLC PA Decreases Stock Position in Intel Corporation $INTC

Berkshire Asset Management LLC PA trimmed its stake in shares of Intel Corporation (NASDAQ:INTC) by 8.5% in the 4th quarter, HoldingsChannel reports. The firm owned 66,802 shares of the chip maker’s stock after selling 6,244 shares during the period. Berkshire Asset Management LLC PA’s holdings in Intel were worth $2,465,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of INTC. Sivia Capital Partners LLC increased its position in shares of Intel by 271.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 34,201 shares of the chip maker’s stock valued at $766,000 after purchasing an additional 25,001 shares during the last quarter. United Bank purchased a new stake in shares of Intel during the 2nd quarter worth $205,000. Gamco Investors INC. ET AL grew its stake in shares of Intel by 12.3% during the second quarter. Gamco Investors INC. ET AL now owns 13,737 shares of the chip maker’s stock worth $308,000 after purchasing an additional 1,508 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of Intel by 29.6% during the second quarter. NewEdge Advisors LLC now owns 158,277 shares of the chip maker’s stock worth $3,545,000 after purchasing an additional 36,116 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in Intel by 9.9% in the second quarter. Sei Investments Co. now owns 828,352 shares of the chip maker’s stock valued at $18,556,000 after buying an additional 74,838 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on INTC shares. Jefferies Financial Group assumed coverage on Intel in a research note on Thursday, June 11th. They issued a “buy” rating on the stock. Freedom Capital raised Intel from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 28th. BTIG Research upgraded Intel from a “neutral” rating to a “buy” rating in a report on Thursday, June 11th. Susquehanna boosted their target price on Intel from $65.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Finally, New Street Research began coverage on Intel in a report on Thursday, June 11th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twenty-seven have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, Intel presently has an average rating of “Hold” and an average target price of $85.98.

Intel News Roundup

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel said its advanced 18A-P manufacturing node has entered risk production, signaling progress toward attracting outside foundry customers and improving the company’s turnaround prospects. Intel takes a major step toward turning around a business that’s bleeding cash
• Positive Sentiment: Intel’s 18A-P update also highlighted better performance, lower power use, and improved thermal characteristics, which should strengthen its competitiveness in AI and server chips. Intel begins production of anticipated 18A-P chips, as AI continues to drive CPU demand
• Positive Sentiment: Broad investor optimism around Intel’s comeback, foundry potential, and AI-related CPU demand is helping the stock stay in focus after its strong recent rally. Next Stop For Intel Stock (NASDAQ:INTC): $5 Trillion?

Intel Stock Down 8.5%

INTC opened at $117.05 on Wednesday. Intel Corporation has a one year low of $18.97 and a one year high of $132.75. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.85 and a current ratio of 2.31. The stock has a market capitalization of $588.29 billion, a P/E ratio of -188.79 and a beta of 2.21. The business’s 50-day simple moving average is $98.06 and its 200-day simple moving average is $62.96.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, April 23rd. The chip maker reported $0.29 earnings per share (EPS) for the quarter, beating 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 positive return on equity of 0.39% and a negative net margin of 5.90%.The business’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.13 EPS. Intel has set its Q2 2026 guidance at 0.200-0.200 EPS. Analysts anticipate that Intel Corporation will post 0.63 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Boise April Miller sold 40,256 shares of the stock in a transaction that occurred on 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 approximately $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 Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.05% of the company’s stock.

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.