State of Michigan Retirement System Sells 337,330 Shares of Intel Corporation $INTC

State of Michigan Retirement System cut its holdings in Intel Corporation (NASDAQ:INTC) by 21.8% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,209,653 shares of the chip maker’s stock after selling 337,330 shares during the quarter. Intel comprises approximately 0.7% of State of Michigan Retirement System’s portfolio, making the stock its 17th largest holding. State of Michigan Retirement System’s holdings in Intel were worth $168,904,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. iA Global Asset Management Inc. grew its position in shares of Intel by 17.0% during the 4th quarter. iA Global Asset Management Inc. now owns 593,043 shares of the chip maker’s stock worth $21,883,000 after buying an additional 86,189 shares during the period. Whalerock Point Partners LLC acquired a new position in Intel in the fourth quarter valued at approximately $205,000. Heritage Investment Group Inc. bought a new position in Intel in the fourth quarter valued at approximately $219,000. Dixon Mitchell Investment Counsel Inc. bought a new position in Intel in the fourth quarter valued at approximately $185,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Intel by 5.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 255,261 shares of the chip maker’s stock worth $9,419,000 after acquiring an additional 13,858 shares during the period. 64.53% of the stock is owned by institutional investors.

Intel Trading Down 6.6%

Shares of NASDAQ INTC opened at $96.68 on Wednesday. Intel Corporation has a twelve month low of $22.77 and a twelve month high of $142.35. The stock has a market cap of $487.65 billion, a price-to-earnings ratio of -45.82 and a beta of 2.22. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.47. The company’s fifty day moving average is $109.90 and its 200-day moving average is $84.33.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, July 23rd. The chip maker reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.21. The business had revenue of $16.13 billion during the quarter, compared to analysts’ expectations of $14.43 billion. Intel had a negative net margin of 19.79% and a positive return on equity of 2.62%. The firm’s quarterly revenue was up 25.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.10) EPS. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. Equities research analysts predict that Intel Corporation will post 1.01 EPS for the current year.

Key Stories Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: CEO Lip-Bu Tan purchased approximately 105,263 Intel shares for $10 million at $95 each. The purchase signals management confidence in Intel’s turnaround, although it was not enough to offset broader selling pressure. CEO Lip-Bu Tan Just Bought Another 105,000 Shares of Intel Stock
• Positive Sentiment: Recent institutional filings showed substantial accumulation of Intel shares by Invesco, JPMorgan, FMR and Capital International. SoftBank also reported holding about 86.9 million shares, while a separate filing indicated Nvidia held nearly $30 billion of Intel stock. These positions support the long-term turnaround and foundry narrative, but they may reflect holdings as of June 30 rather than current activity. SoftBank Group put 67% of U.S. portfolio into Intel stock
• Neutral Sentiment: Intel announced plans to participate in an upcoming investor conference. The event could provide updates on manufacturing, foundry demand and AI strategy, but the announcement itself contained no new financial guidance. Intel Corporation to Participate in Upcoming Investor Conference
• Negative Sentiment: UBS cut its Intel price target to $112. The revision reinforced valuation concerns after the stock’s sharp yearlong rally, particularly because Intel remains loss-making and its turnaround depends on future foundry and AI execution. Intel Stock Plunges 7% as UBS Cuts Price Target to $112
• Negative Sentiment: Qualcomm’s latest Snapdragon testing highlighted improving performance and power efficiency in an alternative processor platform, raising concerns about Intel’s competitiveness in PCs and other chip markets. Intel Stock Plummets 7% After Snapdragon Testing
• Negative Sentiment: Intel fell alongside AMD and other AI hardware names as rising borrowing costs, inflation and oil prices pressured high-growth technology stocks. Investors also questioned whether the pace of AI infrastructure spending can continue, while a major chip peer’s less-optimistic AI outlook weighed on the entire sector. Why are Intel and AMD stocks tanking up to 7% today?
• Negative Sentiment: Ongoing geopolitical tensions, including the Iran conflict, added to market-wide risk aversion and amplified the selloff in cyclical technology stocks. Why Intel Stock Is Falling Today

Insider Transactions at Intel

In other Intel news, CEO Lip Bu Tan purchased 105,263 shares of the stock in a transaction on Tuesday, August 11th. The stock was bought at an average cost of $95.00 per share, for a total transaction of $9,999,985.00. Following the completion of the acquisition, the chief executive officer directly owned 1,314,669 shares of the company’s stock, valued at $124,893,555. The trade was a 8.70% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.05% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on INTC. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Intel in a research report on Tuesday, July 21st. Benchmark upped their price objective on Intel from $105.00 to $140.00 and gave the company a “buy” rating in a report on Monday, May 18th. Wolfe Research assumed coverage on Intel in a report on Thursday, June 11th. They issued a “peer perform” rating for the company. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research note on Friday, July 24th. Finally, Rosenblatt Securities raised their target price on Intel from $65.00 to $80.00 and gave the stock a “sell” rating in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, thirty-two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $107.46.

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.