Intel Corporation $INTC Stake Increased by Allstate Corp

Allstate Corp increased its stake in Intel Corporation (NASDAQ:INTC) by 112.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 339,275 shares of the chip maker’s stock after buying an additional 179,850 shares during the period. Allstate Corp’s holdings in Intel were worth $12,519,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Winch Advisory Services LLC increased its stake in shares of Intel by 28.3% in the fourth quarter. Winch Advisory Services LLC now owns 966 shares of the chip maker’s stock worth $36,000 after buying an additional 213 shares during the last quarter. Focus Financial Network Inc. increased its stake in shares of Intel by 2.1% in the fourth quarter. Focus Financial Network Inc. now owns 10,788 shares of the chip maker’s stock worth $398,000 after buying an additional 223 shares during the last quarter. Successful Portfolios LLC increased its stake in shares of Intel by 2.6% in the fourth quarter. Successful Portfolios LLC now owns 8,715 shares of the chip maker’s stock worth $322,000 after buying an additional 223 shares during the last quarter. Providence Wealth Advisors LLC increased its stake in shares of Intel by 1.7% in the fourth quarter. Providence Wealth Advisors LLC now owns 13,340 shares of the chip maker’s stock worth $527,000 after buying an additional 225 shares during the last quarter. Finally, Orca Investment Management LLC increased its stake in Intel by 0.5% during the fourth quarter. Orca Investment Management LLC now owns 50,697 shares of the chip maker’s stock valued at $1,871,000 after purchasing an additional 229 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Boise April Miller sold 40,256 shares of the company’s stock in a transaction dated 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 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.05% of the stock is owned by insiders.

Intel Stock Performance

INTC stock opened at $119.84 on Tuesday. The company has a market capitalization of $602.32 billion, a P/E ratio of -193.29 and a beta of 2.18. The company has a 50-day simple moving average of $75.94 and a 200 day simple moving average of $54.13. Intel Corporation has a fifty-two week low of $18.97 and a fifty-two week high of $132.75. The company has a quick ratio of 1.85, a current ratio of 2.31 and a debt-to-equity ratio of 0.34.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, April 23rd. The chip maker reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.28. The business had revenue of $13.58 billion during the quarter, compared to the consensus estimate of $12.32 billion. Intel had a negative net margin of 5.90% and a positive return on equity of 0.39%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $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 fiscal year.

Wall Street Analyst Weigh In

INTC has been the subject of several recent research reports. Stifel Nicolaus boosted their target price on shares of Intel from $65.00 to $75.00 and gave the company a “hold” rating in a research note on Friday, April 24th. Wells Fargo & Company boosted their target price on shares of Intel from $55.00 to $85.00 and gave the company an “equal weight” rating in a research note on Friday, April 24th. Jefferies Financial Group boosted their target price on shares of Intel from $60.00 to $80.00 and gave the company a “hold” rating in a research note on Friday, April 24th. DZ Bank upgraded shares of Intel from a “sell” rating to a “neutral” rating in a research note on Friday, April 24th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Intel in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-five have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Intel has a consensus rating of “Hold” and a consensus price target of $81.52.

Key Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel is urging PC makers to switch to its latest chips, aiming to capitalize on surging AI PC demand and tighter supply of advanced nodes, which could improve margins. Intel Urges PC Makers to Switch to Its Latest Chips Amid AI Demand. This Could Be the Margin Boost INTC Stock Needs.
• Positive Sentiment: Citi said the server CPU market could reach $132 billion by 2030 and argued that Intel retains leadership, supporting the view that Intel can benefit from long-term data center and AI infrastructure demand. Citigroup Sees Server CPU Market Reaching $132 Billion by 2030 as Intel Retains Leadership
• Positive Sentiment: Recent upbeat commentary also highlighted Intel’s sharp turnaround this year, with the stock having risen dramatically from depressed levels, which can attract momentum and value buyers alike. Intel stock up 225% but analysts still urge caution: should investors listen?
• Neutral Sentiment: Intel’s recent AI-tool launch and broader AI-related coverage add to the narrative that the company is trying to re-establish itself as an AI hardware beneficiary, but these stories are more thematic than immediately financial. Intel Just Launched Its SuperClaw AI Tool. INTC Stock Is Finally Back from the Dead.

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.