Harbour Wealth Management Group Inc. Reduces Stock Position in Intel Corporation $INTC

Harbour Wealth Management Group Inc. cut its holdings in Intel Corporation (NASDAQ:INTC) by 37.1% during the first quarter, Holdings Channel reports. The institutional investor owned 36,520 shares of the chip maker’s stock after selling 21,555 shares during the period. Intel makes up about 1.2% of Harbour Wealth Management Group Inc.’s holdings, making the stock its 20th largest position. Harbour Wealth Management Group Inc.’s holdings in Intel were worth $1,612,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of INTC. Financially Speaking Inc increased its holdings in shares of Intel by 69.2% in the 4th 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. Legacy Bridge LLC acquired a new stake in shares of Intel during the 4th quarter worth about $26,000. Raleigh Capital Management Inc. purchased a new stake in Intel during the fourth quarter worth approximately $29,000. Swiss RE Ltd. purchased a new stake in Intel during the fourth quarter worth approximately $29,000. Finally, Osbon Capital Management LLC acquired a new position in Intel in the fourth quarter valued at approximately $30,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Intel

In other news, EVP Boise April Miller sold 40,256 shares of Intel 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 transaction, 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 legal filing with the SEC, which is available through this link. 0.05% of the stock is owned by insiders.

Intel Trading Up 5.2%

NASDAQ:INTC opened at $140.94 on Tuesday. The company has a market capitalization of $708.36 billion, a PE ratio of -227.32 and a beta of 2.21. Intel Corporation has a 52-week low of $18.97 and a 52-week high of $141.45. The stock’s 50 day moving average price is $104.17 and its 200 day moving average price is $65.55. The company has a quick ratio of 1.85, a current ratio of 2.31 and a debt-to-equity ratio of 0.34.

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, beating analysts’ consensus estimates of $0.01 by $0.28. The company 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 firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.13 earnings per share. Intel has set its Q2 2026 guidance at 0.200-0.200 EPS. On average, research analysts anticipate that Intel Corporation will post 0.63 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on INTC. Wells Fargo & Company increased their price target on shares of Intel from $85.00 to $110.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Evercore set a $95.00 price objective on shares of Intel in a research report on Friday, April 24th. Barclays upped their target price on shares of Intel from $65.00 to $100.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. Freedom Capital raised shares of Intel from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 28th. Finally, DZ Bank upgraded shares of Intel from a “sell” rating to a “neutral” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twenty-seven have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $87.29.

Key Stories Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel’s 18A-P process has entered risk production, reinforcing confidence that its next-generation manufacturing node is progressing and could improve its competitiveness in AI and consumer chips. Intel Has a Warning for AMD Stock Investors
• Positive Sentiment: Reports that Apple may work with Intel on U.S.-based chip design and manufacturing have fueled speculation that Intel’s foundry business could land a major customer, a big validation for the turnaround story. Intel stock hits a new all-time high on Monday: here’s why
• Positive Sentiment: Mizuho lifted its price target on Intel to $135, citing strength in advanced packaging such as EMIB-T, which signals growing analyst confidence in Intel’s manufacturing assets. Wall Street analysts update Intel stock price target
• Positive Sentiment: Intel is also being viewed as a potential winner from AI chip shortages and tighter capacity at rival foundries, which could drive more outsourced manufacturing demand toward Intel. Tech stocks today: Uber and Lucid expanding in Houston, Intel’s latest chip moves

About Intel

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.