Westpac Banking Corp Sells 100,124 Shares of Intel Corporation $INTC

Westpac Banking Corp lessened its position in shares of Intel Corporation (NASDAQ:INTC) by 64.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 54,565 shares of the chip maker’s stock after selling 100,124 shares during the period. Westpac Banking Corp’s holdings in Intel were worth $2,013,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in shares of Intel in the 4th quarter worth $2,233,159,000. Capital World Investors increased its holdings in shares of Intel by 32.5% in the 3rd quarter. Capital World Investors now owns 86,503,121 shares of the chip maker’s stock worth $2,902,180,000 after buying an additional 21,230,715 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Intel by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 404,522,308 shares of the chip maker’s stock worth $14,926,873,000 after buying an additional 13,692,624 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Intel by 61.3% in the 3rd quarter. AQR Capital Management LLC now owns 25,001,621 shares of the chip maker’s stock worth $838,804,000 after buying an additional 9,503,402 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings 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 worth $1,862,755,000 after buying an additional 8,569,812 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Intel Price Performance

INTC stock opened at $112.67 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.85 and a current ratio of 2.31. Intel Corporation has a 52 week low of $18.97 and a 52 week high of $132.75. The firm’s fifty day moving average is $85.86 and its 200 day moving average is $57.98. The firm has a market cap of $566.29 billion, a P/E ratio of -181.73 and a beta of 2.21.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, April 23rd. The chip maker reported $0.29 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $13.58 billion during the quarter, compared to analysts’ expectations of $12.32 billion. During the same quarter in the prior year, the company posted $0.13 EPS. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. Intel has set its Q2 2026 guidance at 0.200-0.200 EPS. Research analysts predict that Intel Corporation will post 0.63 earnings per share for the current year.

Insider Activity at Intel

In other news, EVP Boise April Miller sold 40,256 shares of Intel stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 105,077 shares in the company, 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 legal filing with the SEC, which is available through this link. 0.05% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on INTC. New Street Research increased their price target on shares of Intel from $50.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Cantor Fitzgerald increased their price target on shares of Intel from $65.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Weiss Ratings reissued a “sell (d-)” rating on shares of Intel in a report on Friday, April 24th. Evercore set a $95.00 price target on shares of Intel in a report on Friday, April 24th. Finally, KeyCorp increased their price target on shares of Intel from $70.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twenty-six have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $83.35.

Intel News Roundup

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel announced a strategic collaboration with Foxconn to jointly develop and deploy next-generation AI infrastructure and intelligent computing platforms, a sign that Intel is gaining momentum in the AI buildout. Reuters: Foxconn announces strategic collaboration with Intel on next-gen AI infrastructure
• Positive Sentiment: Intel’s recent Computex product launches and comments from CEO Lip-Bu Tan have kept the turnaround narrative alive, with investors betting on stronger CPU demand and AI inference opportunities. Motley Fool: Why Intel Stock Rallied Today
• Neutral Sentiment: Intel’s expanded AI infrastructure portfolio — including Xeon 6 Plus chips, Ethernet E835 controllers, and the Crescent Island AI GPU — could support future growth, but execution risk remains high. Zacks: Can Intel’s Expanded AI Infrastructure Portfolio Drive Future Growth?
• Negative Sentiment: Despite the AI partnership news, some coverage says Intel’s stock is falling because investors want clearer evidence that the company can convert announcements into sustained earnings growth, especially with Nvidia continuing to dominate AI sentiment. Barron’s: Intel Lands AI Partnership With Apple Supplier Foxconn. Why the Stock Is Falling.

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.