The Manufacturers Life Insurance Company Sells 349,291 Shares of Intel Corporation $INTC

The Manufacturers Life Insurance Company trimmed its position in shares of Intel Corporation (NASDAQ:INTC) by 7.6% during the first quarter, Holdings Channel.com reports. The firm owned 4,263,275 shares of the chip maker’s stock after selling 349,291 shares during the period. The Manufacturers Life Insurance Company’s holdings in Intel were worth $188,138,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. iA Global Asset Management Inc. increased its holdings in Intel by 17.0% during the fourth 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 last quarter. Whalerock Point Partners LLC purchased a new position in Intel in the fourth quarter valued at about $205,000. Heritage Investment Group Inc. purchased a new position in Intel in the fourth quarter valued at about $219,000. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of Intel during the 4th quarter valued at approximately $185,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Intel by 5.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 255,261 shares of the chip maker’s stock valued at $9,419,000 after acquiring an additional 13,858 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Insider Buying and Selling

In other Intel news, EVP Boise April Miller sold 40,256 shares of Intel stock in a transaction dated 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 completion of the transaction, the executive vice president owned 105,077 shares of the company’s stock, valued at $10,458,313.81. The trade was a 27.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.05% of the stock is currently owned by corporate insiders.

Intel Trading Down 5.9%

Shares of INTC stock opened at $86.30 on Wednesday. The stock has a market capitalization of $435.30 billion, a price-to-earnings ratio of -40.90 and a beta of 2.18. The company’s fifty day simple moving average is $115.02 and its two-hundred day simple moving average is $79.02. Intel Corporation has a 1 year low of $18.97 and a 1 year high of $142.35. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 1.25.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, July 23rd. The chip maker reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.21. The firm had revenue of $16.13 billion during the quarter, compared to analyst estimates of $14.43 billion. Intel had a positive return on equity of 2.62% and a negative net margin of 19.79%.The business’s revenue for the quarter was up 25.2% on a year-over-year basis. During the same period last year, the company earned ($0.10) earnings per share. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. As a group, analysts anticipate that Intel Corporation will post 0.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

INTC has been the topic of a number of research reports. Cantor Fitzgerald lowered their price target on shares of Intel from $150.00 to $125.00 and set a “neutral” rating on the stock in a report on Friday, July 24th. BTIG Research upgraded Intel from a “neutral” rating to a “buy” rating in a research note on Thursday, June 11th. Moffett Nathanson cut Intel to a “neutral” rating in a research report on Thursday, June 11th. Truist Financial increased their price target on Intel from $81.00 to $108.00 and gave the stock a “hold” rating in a research note on Friday, July 24th. Finally, Tigress Financial lifted their price objective on Intel from $66.00 to $118.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twenty-nine have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $107.93.

Key Headlines Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Strong earnings and analyst support: Intel’s second-quarter results exceeded expectations, with revenue of approximately $16.1 billion and year-over-year growth of more than 25%. Bank of America reaffirmed its “Buy” rating and set a $160 price target, while other analysts raised fair-value estimates following stronger AI-related server CPU demand. Intel Stock Is Falling Tuesday: What’s Going On
• Positive Sentiment: Improving data-center economics: Wells Fargo reported that Intel’s server pricing power and data-center gross margins have improved, supporting the view that AI infrastructure demand is strengthening the company’s core CPU business. Intel’s Server Pricing Power Shows Sharp Improvement
• Positive Sentiment: Foundry and packaging progress: Intel’s planned collaboration with Lens Technology on glass-substrate packaging could improve power efficiency and performance for AI and next-generation chips. The company also recently added Fortinet as a foundry customer, offering potential long-term support for its manufacturing turnaround. Can Intel’s Advanced Packaging Tie-Up With Lens Technology Aid Shares?
• Neutral Sentiment: Execution remains the key test: Intel plans to increase capital spending above $20 billion in 2026, with even higher spending expected in 2027 to expand foundry capacity. Investors must weigh the potential benefits against the financial demands and risks of executing the turnaround. Intel’s Capex Plans Offer a Quiet Positive for the Foundry Business
• Negative Sentiment: Sector-wide risk aversion: Chip stocks are retreating amid fears that AI-related valuations have become excessive, rising costs may limit returns on AI investment, and competition from China is intensifying. Intel is being sold alongside AMD, Marvell, Micron and ASML, while investors are concentrating more heavily on Nvidia. Chip Stocks Extend Pullback Amid AI Bubble Fears
• Negative Sentiment: Valuation and profit-taking concerns: After a major rally earlier in 2026, investors are questioning whether Intel’s recovery is already priced in. Concerns about elevated valuation, potential Federal Reserve surprises and the timing of earnings growth are encouraging profit-taking despite the strong quarter.

About Intel

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.