Total Clarity Wealth Management Inc. Sells 64,122 Shares of Intel Corporation $INTC

Total Clarity Wealth Management Inc. reduced its holdings in shares of Intel Corporation (NASDAQ:INTC) by 62.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,233 shares of the chip maker’s stock after selling 64,122 shares during the period. Total Clarity Wealth Management Inc.’s holdings in Intel were worth $1,731,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in INTC. Financially Speaking Inc boosted its position in shares of Intel by 69.2% during the 4th quarter. Financially Speaking Inc now owns 682 shares of the chip maker’s stock valued at $25,000 after purchasing an additional 279 shares in the last quarter. Legacy Bridge LLC bought a new stake in Intel in the fourth quarter worth approximately $26,000. Raleigh Capital Management Inc. bought a new stake in Intel in the fourth quarter worth approximately $29,000. Swiss RE Ltd. acquired a new position in Intel in the fourth quarter valued at 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 institutional investors.

Analysts Set New Price Targets

INTC has been the topic of a number of research analyst reports. Moffett Nathanson cut Intel to a “neutral” rating in a report on Thursday, June 11th. Bank of America upgraded shares of Intel from an “underperform” rating to a “buy” rating and lifted their price objective for the company from $96.00 to $135.00 in a research note on Thursday, June 11th. Truist Financial increased their target price on shares of Intel from $49.00 to $81.00 and gave the stock a “hold” rating in a research note on Friday, April 24th. Seaport Research Partners raised their price target on shares of Intel from $65.00 to $90.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Finally, KeyCorp boosted their target price on Intel from $70.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. One equities research 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 issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $87.29.

More Intel News

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

Insider Activity at Intel

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 $10,458,313.81. This represents a 27.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.05% of the stock is currently owned by company insiders.

Intel Stock Up 5.2%

Shares of NASDAQ INTC opened at $140.94 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.31 and a quick ratio of 1.85. The company has a 50-day moving average price of $104.17 and a 200-day moving average price of $65.55. The stock has a market capitalization of $708.36 billion, a P/E ratio of -227.32 and a beta of 2.21. Intel Corporation has a 1 year low of $18.97 and a 1 year high of $141.45.

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

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.