CIBC Private Wealth Group Trims Intel Stake by 32.5%

Institutional investor reduces holdings in chip maker to 340,427 shares

Mar. 21, 2026 at 7:57am

Got story updates? Submit your updates here. ›

CIBC Private Wealth Group LLC, an institutional investor, has reduced its stake in Intel Corporation (NASDAQ:INTC) by 32.5% during the third quarter, according to a recent SEC filing. The firm now owns 340,427 shares of the chip maker's stock, down from 504,368 shares previously.

Why it matters

This move by a major institutional investor highlights ongoing uncertainty around Intel's performance and outlook, as the company faces increasing competition in the semiconductor market from rivals like AMD and NVIDIA. Investors will be closely watching Intel's next earnings report and guidance for signs of a turnaround.

The details

According to the SEC filing, CIBC Private Wealth Group sold 163,941 Intel shares during the third quarter, reducing its total stake by 32.5%. The firm now holds 340,427 shares of Intel stock, valued at approximately $11.4 million as of the most recent filing. The sale comes as Intel has faced a range of challenges, including delays in its chip roadmap, market share losses, and increased competition from rivals in both the PC and data center markets.

  • CIBC Private Wealth Group reduced its Intel stake during the third quarter of the year.

The players

CIBC Private Wealth Group LLC

An institutional investor and asset management firm.

Intel Corporation

A leading global semiconductor company and manufacturer of processors, chipsets, and other components.

Got photos? Submit your photos here. ›

What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

The takeaway

This move by a major institutional investor like CIBC Private Wealth Group underscores the ongoing challenges facing Intel as it navigates a rapidly evolving semiconductor landscape. Investors will be closely watching the company's next earnings report and guidance for signs of progress in its turnaround efforts.