137,030 Shares in Intel Corporation $INTC Acquired by Summit Street Capital Management LLC

Key Points

• Summit Street Capital Management acquired 137,030 Intel shares worth approximately $19.1 million, making Intel its 20th-largest holding and representing about 2.7% of its portfolio. Institutional investors collectively own 64.53% of Intel.
• Intel reported stronger-than-expected quarterly results, with $16.13 billion in revenue and $0.42 in EPS, while revenue increased 25.2% year over year. However, the company faces substantial future capital-spending requirements and ongoing execution risks in AI and manufacturing.
• Analyst sentiment remains mixed: Intel has an overall “Hold” rating and an average price target of $107.46, while CEO Lip-Bu Tan separately purchased roughly $10 million of Intel stock, increasing his stake by 8.7%.

Summit Street Capital Management LLC purchased a new stake in Intel Corporation (NASDAQ:INTC - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 137,030 shares of the chip maker's stock, valued at approximately $19,133,000. Intel makes up approximately 2.7% of Summit Street Capital Management LLC's investment portfolio, making the stock its 20th biggest holding.

Other hedge funds also recently added to or reduced their stakes in the company. Southern Financial Group LLC lifted its position in shares of Intel by 0.6% during the 1st quarter. Southern Financial Group LLC now owns 14,313 shares of the chip maker's stock worth $632,000 after buying an additional 90 shares during the last quarter. Harrell Investment Partners LLC grew its position in shares of Intel by 0.4% in the 2nd quarter. Harrell Investment Partners LLC now owns 23,277 shares of the chip maker's stock valued at $3,250,000 after buying an additional 100 shares during the last quarter. TFR Capital LLC. raised its stake in Intel by 0.4% during the 2nd quarter. TFR Capital LLC. now owns 26,643 shares of the chip maker's stock worth $3,720,000 after acquiring an additional 100 shares in the last quarter. Wynn Capital LLC raised its stake in Intel by 0.4% during the 2nd quarter. Wynn Capital LLC now owns 27,162 shares of the chip maker's stock worth $3,793,000 after acquiring an additional 104 shares in the last quarter. Finally, Bell Investment Advisors Inc lifted its position in Intel by 4.3% in the second quarter. Bell Investment Advisors Inc now owns 2,895 shares of the chip maker's stock valued at $404,000 after acquiring an additional 119 shares during the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Price Performance

Shares of INTC opened at $91.67 on Friday. Intel Corporation has a fifty-two week low of $23.75 and a fifty-two week high of $142.35. The company has a market capitalization of $462.38 billion, a price-to-earnings ratio of -43.45, a price-to-earnings-growth ratio of 9.94 and a beta of 2.22. The firm has a 50-day simple moving average of $101.10 and a 200-day simple moving average of $87.85. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.25 and a current ratio of 1.60.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The chip maker reported $0.42 earnings per share (EPS) 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 analysts' expectations of $14.43 billion. Intel had a positive return on equity of 2.62% and a negative net margin of 19.79%.The firm's revenue for the quarter was up 25.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.10) EPS. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. On average, equities research analysts anticipate that Intel Corporation will post 1.01 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on INTC shares. DA Davidson raised their price objective on Intel from $77.00 to $100.00 and gave the stock a "neutral" rating in a report on Friday, July 24th. Roth Capital boosted their target price on Intel from $100.00 to $120.00 and gave the company a "buy" rating in a report on Friday, July 24th. Wall Street Zen cut Intel from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Benchmark raised their price target on Intel from $105.00 to $140.00 and gave the stock a "buy" rating in a research note on Monday, May 18th. Finally, Oppenheimer assumed coverage on Intel in a research report on Thursday, June 11th. They set an "outperform" rating on the stock. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, thirty-one have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Intel presently has an average rating of "Hold" and an average price target of $107.46.

Intel News Roundup

Here are the key news stories impacting Intel this week:

• Positive Sentiment: A reported leak suggesting Intel could launch its Nova Lake client processor lineup as early as 2027 provided a potential catalyst. Earlier availability could strengthen Intel’s product roadmap and support a recovery in its PC and data-center businesses. Intel Stock Gains as Nova Lake Launch Schedule Leaks
• Positive Sentiment: Coverage highlighted Nvidia’s roughly $5 billion investment in Intel, including its purchase of more than 214 million shares at $23.28 each, and the companies’ product collaboration. The large paper gain on Nvidia’s stake reinforces market confidence in Intel’s strategic importance and AI potential, although it does not directly generate new revenue for Intel. Nvidia’s Intel Investment and Partnership
• Positive Sentiment: Intel’s expanded partnership with Kasm Technologies will run private large language models on Xeon 6 processors with Advanced Matrix Extensions, targeting regulated customers that require local and compliant AI. The deal supports Intel’s strategy of positioning Xeon as infrastructure for enterprise AI workloads. Intel Kasm AI Partnership
• Neutral Sentiment: Intel recently reported stronger-than-expected quarterly revenue and earnings, with revenue up 25% year over year, while management expects 2026 capital expenditures to exceed $20 billion and spending to rise significantly in 2027. The investment could support future manufacturing and AI growth, but it increases execution and cash-flow demands. Intel’s Five-Year Outlook
• Neutral Sentiment: A separate report said Intel’s 14A manufacturing process is beginning to demonstrate its strategic value, offering a potential long-term foundry catalyst. However, meaningful financial benefits depend on customer commitments and successful execution.
• Negative Sentiment: Mizuho analyst Vijay Rakesh cut his Intel price target to $92 from $109 while retaining a Hold rating, arguing that AI strength may not offset near-term business strain. The revised target leaves limited upside based on the referenced trading level. Mizuho Cuts Intel Price Target
• Negative Sentiment: Intel traded lower in premarket alongside Micron, SanDisk and AMD as semiconductor stocks faced broader sector pressure. Commentary also emphasized AMD’s stronger AI and data-center margin profile, highlighting competitive risks for Intel’s turnaround.

Insider Buying and Selling at Intel

In related news, CEO Lip Bu Tan bought 105,263 shares of the company's stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average price of $95.00 per share, with a total value of $9,999,985.00. Following the completion of the acquisition, the chief executive officer owned 1,314,669 shares in the company, valued at approximately $124,893,555. This trade represents a 8.70% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.05% of the company's stock.

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.

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