PNC Financial Services Group Inc. Cuts Stake in Intel Corporation $INTC

PNC Financial Services Group Inc. cut its position in Intel Corporation (NASDAQ:INTC) by 1.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,677,012 shares of the chip maker’s stock after selling 55,951 shares during the period. PNC Financial Services Group Inc.’s holdings in Intel were worth $135,682,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in INTC. Legacy Bridge LLC bought a new stake in shares of Intel during the fourth quarter valued at approximately $26,000. Raleigh Capital Management Inc. bought a new position in Intel in the 4th quarter valued at approximately $29,000. HighMark Wealth Management LLC lifted its position in Intel by 177.7% in the 4th quarter. HighMark Wealth Management LLC now owns 886 shares of the chip maker’s stock valued at $33,000 after acquiring an additional 567 shares in the last quarter. Provenance Wealth Advisors LLC boosted its stake in Intel by 89.2% during the 3rd quarter. Provenance Wealth Advisors LLC now owns 946 shares of the chip maker’s stock valued at $32,000 after purchasing an additional 446 shares during the last quarter. Finally, Winch Advisory Services LLC boosted its stake in Intel by 28.3% during the 4th quarter. Winch Advisory Services LLC now owns 966 shares of the chip maker’s stock valued at $36,000 after purchasing an additional 213 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. BNP Paribas Exane upgraded Intel from an “underperform” rating to a “buy” rating and set a $60.00 target price on the stock in a research note on Tuesday, April 21st. KeyCorp increased their target price on Intel from $70.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $100.00 target price on shares of Intel in a research note on Tuesday, May 12th. Wall Street Zen upgraded Intel from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Susquehanna increased their target price on Intel from $65.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-five have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $81.52.

Intel Price Performance

NASDAQ INTC opened at $118.96 on Thursday. The company has a market capitalization of $597.89 billion, a PE ratio of -191.87 and a beta of 2.18. 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 business’s fifty day moving average is $71.57 and its 200 day moving average is $52.43. Intel Corporation has a fifty-two week low of $18.97 and a fifty-two week high of $132.75.

Intel (NASDAQ:INTC) last released its 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. The company had revenue of $13.58 billion for the quarter, compared to the consensus estimate of $12.32 billion. Intel had a positive return on equity of 0.39% and a negative net margin of 5.90%.Intel’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period 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. Sell-side analysts predict that Intel Corporation will post 0.63 earnings per share for the current year.

Trending Headlines about Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel is benefiting from a broad chip-sector rebound ahead of Nvidia’s earnings, with traders betting the AI infrastructure boom will keep lifting semiconductor stocks. This helped Intel snap a recent losing streak and attract strong volume.
• Positive Sentiment: Reports that Intel is in early-stage talks to acquire AI-chip startup Tenstorrent have boosted sentiment, as the move could strengthen Intel’s AI hardware roadmap and expand its talent pool.
• Positive Sentiment: Several analysts turned more constructive, including Citi raising its price target, while other notes said Intel could have significant upside from the AI CPU market and growing demand for newer chips.
• Neutral Sentiment: Intel CEO Lip-Bu Tan’s comments about building a “new Intel” with faster decision-making and flatter management reinforce the turnaround narrative, but they are more strategic than immediately financial.
• Neutral Sentiment: New product and design wins, including Samsung’s Galaxy Book6 Enterprise Edition using Intel Core Ultra processors, support the company’s PC and client business, though the direct stock impact is likely limited near term.
• Negative Sentiment: Some commentary warns the chip rally may be getting crowded and vulnerable to pullbacks if AI enthusiasm cools or if investors rotate out of high-flying semiconductor names.

Insiders Place Their Bets

In related news, EVP Boise April Miller sold 40,256 shares of Intel stock in a transaction on Friday, May 1st. The stock was sold at an average price of $99.53, for a total transaction of $4,006,679.68. Following the transaction, the executive vice president directly owned 105,077 shares in the company, valued at approximately $10,458,313.81. The trade was a 27.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.05% of the company’s stock.

Intel Company 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.