Intel Shares Sold by Auto Owners Insurance Co

Institutional investor reduces stake in chip maker Intel by 89% in Q3

Mar. 18, 2026 at 8:09am

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Auto Owners Insurance Co lowered its stake in Intel Corporation (NASDAQ:INTC) by 89.0% during the third quarter, according to a disclosure with the Securities and Exchange Commission. The firm previously owned 490,408 shares of the chip maker's stock but sold 436,600 shares, leaving it with 53,808 shares worth $1.8 million.

Why it matters

This sale by a major institutional investor highlights the ongoing challenges facing Intel as it navigates a competitive semiconductor market. The reduction in stake could signal broader concerns about Intel's future performance and growth prospects among some investors.

The details

According to the SEC filing, Auto Owners Insurance Co sold 436,600 shares of Intel stock during the third quarter, reducing its total position to 53,808 shares worth $1.8 million. The firm previously held 490,408 shares of the chip maker's stock. The sale represents an 89% reduction in Auto Owners Insurance Co's Intel holdings.

  • The stock sale occurred during the third quarter of 2026.

The players

Auto Owners Insurance Co

A major institutional investor that previously held a significant stake in Intel Corporation.

Intel Corporation

A leading global designer and manufacturer of semiconductor products, including processors and chipsets for personal computers and data centers.

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The takeaway

This sale by a major institutional investor highlights the ongoing challenges facing Intel as it navigates an increasingly competitive semiconductor market. The significant reduction in stake could signal broader concerns about Intel's future performance and growth prospects among some investors.