Renaissance Technologies LLC Has $326.54 Million Stock Holdings in Intel Corporation $INTC

Renaissance Technologies LLC decreased its holdings in shares of Intel Corporation (NASDAQ:INTC) by 25.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,399,394 shares of the chip maker’s stock after selling 2,489,973 shares during the quarter. Intel accounts for approximately 0.5% of Renaissance Technologies LLC’s holdings, making the stock its 18th biggest position. Renaissance Technologies LLC’s holdings in Intel were worth $326,535,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Demars Financial Group LLC boosted its position in Intel by 1.7% during the 1st quarter. Demars Financial Group LLC now owns 7,675 shares of the chip maker’s stock worth $339,000 after acquiring an additional 125 shares during the period. Human Investing LLC increased its holdings in shares of Intel by 0.9% in the 1st quarter. Human Investing LLC now owns 14,525 shares of the chip maker’s stock valued at $641,000 after purchasing an additional 126 shares during the period. Raleigh Capital Management Inc. increased its holdings in shares of Intel by 15.9% in the 1st quarter. Raleigh Capital Management Inc. now owns 924 shares of the chip maker’s stock valued at $41,000 after purchasing an additional 127 shares during the period. Angeles Wealth Management LLC lifted its position in shares of Intel by 0.7% in the first quarter. Angeles Wealth Management LLC now owns 19,107 shares of the chip maker’s stock worth $843,000 after purchasing an additional 134 shares in the last quarter. Finally, Signature Resources Capital Management LLC lifted its position in shares of Intel by 21.5% in the first quarter. Signature Resources Capital Management LLC now owns 831 shares of the chip maker’s stock worth $37,000 after purchasing an additional 147 shares in the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on INTC shares. UBS Group set a $115.00 price target on shares of Intel in a report on Thursday, July 16th. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research note on Friday. Barclays increased their target price on shares of Intel from $65.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Monday, June 1st. Citigroup raised shares of Intel from a “positive” rating to a “buy” rating in a research note on Thursday. Finally, Piper Sandler began coverage on shares of Intel in a report on Thursday, June 11th. They set a “neutral” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twenty-nine have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $107.67.

Insider Activity at Intel

In other news, EVP Boise April Miller sold 40,256 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $99.53, for a total transaction of $4,006,679.68. Following the transaction, the executive vice president owned 105,077 shares in the company, valued at $10,458,313.81. This represents a 27.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.05% of the stock is currently owned by company insiders.

Intel News Summary

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel beat Q2 expectations with EPS of $0.42 versus $0.21 expected and revenue of $16.13 billion versus $14.43 billion, marking its fastest revenue growth in more than 15 years. Reuters article
• Positive Sentiment: Intel’s Q3 guidance topped estimates, signaling management sees continued momentum from AI-related server-chip demand and improving foundry execution. CNBC article
• Positive Sentiment: Analysts and media coverage highlighted stronger data-center and AI demand, along with early progress in Intel’s foundry business and 18A manufacturing roadmap. MarketWatch/Fool article

Intel Trading Down 7.9%

Shares of NASDAQ INTC opened at $92.32 on Friday. The business has a 50 day simple moving average of $115.84 and a 200 day simple moving average of $78.07. Intel Corporation has a 52 week low of $18.97 and a 52 week high of $142.35. The stock has a market cap of $464.00 billion, a price-to-earnings ratio of -43.75 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.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, July 23rd. The chip maker reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.21. The firm had revenue of $16.13 billion for the quarter, compared to analyst estimates of $14.43 billion. Intel had a negative net margin of 19.79% and a positive return on equity of 2.52%. The company’s revenue for the quarter was up 25.2% on a year-over-year basis. During the same quarter last year, the firm earned ($0.10) earnings per share. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. On average, research analysts predict that Intel Corporation will post 0.65 earnings per share 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.