18,124 Shares in Intel Corporation $INTC Bought by Alta Advisers Ltd

Key Points

• Alta Advisers Ltd. bought 18,124 Intel shares worth approximately $2.53 million in the second quarter, making Intel its 20th-largest holding. Institutional investors collectively own 64.53% of Intel.
• Intel reported quarterly EPS of $0.42, beating the $0.21 consensus estimate, while revenue rose 25.2% year over year to $16.13 billion. CEO Lip-Bu Tan also purchased roughly $10 million of Intel stock, increasing his stake by 8.7%.
• Analysts maintain a consensus “Hold” rating with an average price target of $107.46; concerns include Intel’s foundry losses, heavy capital spending, and competition from AMD and Nvidia.

Alta Advisers Ltd purchased a new stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 18,124 shares of the chip maker's stock, valued at approximately $2,531,000. Intel accounts for 0.6% of Alta Advisers Ltd's holdings, making the stock its 20th biggest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. iA Global Asset Management Inc. boosted its stake in Intel by 17.0% during the 4th quarter. iA Global Asset Management Inc. now owns 593,043 shares of the chip maker's stock worth $21,883,000 after purchasing an additional 86,189 shares during the last quarter. Whalerock Point Partners LLC purchased a new position in shares of Intel in the fourth quarter worth about $205,000. Dixon Mitchell Investment Counsel Inc. purchased a new position in shares of Intel in the fourth quarter worth about $185,000. Northwestern Mutual Wealth Management Co. boosted its position in Intel by 5.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 255,261 shares of the chip maker's stock worth $9,419,000 after acquiring an additional 13,858 shares during the last quarter. Finally, Vestor Capital LLC purchased a new stake in Intel during the 1st quarter valued at about $9,441,000. Hedge funds and other institutional investors own 64.53% of the company's stock.

Intel Stock Performance

Shares of Intel stock opened at $89.51 on Tuesday. The firm has a market cap of $451.49 billion, a PE ratio of -42.42, a price-to-earnings-growth ratio of 9.89 and a beta of 2.22. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.47. Intel Corporation has a 52 week low of $23.68 and a 52 week high of $142.35. The business's fifty day simple moving average is $103.61 and its 200-day simple moving average is $86.94.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The chip maker reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.21 by $0.21. Intel had a positive return on equity of 2.62% and a negative net margin of 19.79%.The firm had revenue of $16.13 billion during the quarter, compared to the consensus estimate of $14.43 billion. During the same period last year, the company earned ($0.10) EPS. The company's quarterly revenue was up 25.2% on a year-over-year basis. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. Equities analysts forecast that Intel Corporation will post 1 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on INTC shares. JPMorgan Chase & Co. raised their target price on shares of Intel from $45.00 to $85.00 and gave the stock an "underweight" rating in a research note on Friday, July 24th. KeyCorp set a $125.00 price target on Intel in a report on Friday, July 24th. HC Wainwright set a $150.00 price objective on Intel in a research note on Monday, June 29th. Zacks Research downgraded Intel from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 31st. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Intel in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, thirty-one have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Intel has a consensus rating of "Hold" and an average target price of $107.46.

Insider Activity at Intel

In related news, CEO Lip Bu Tan acquired 105,263 shares of the firm's stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average cost of $95.00 per share, for a total transaction of $9,999,985.00. Following the acquisition, the chief executive officer owned 1,314,669 shares in the company, valued at $124,893,555. The trade was a 8.70% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.05% of the company's stock.

Key Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Reports that South Korean memory-chip maker SK Hynix was considering Intel Foundry to manufacture base dies for next-generation HBM4E memory initially boosted hopes for a major external customer and validated Intel’s manufacturing ambitions. CEO Lip-Bu Tan’s reported purchase of roughly $12 million in Intel shares also signaled management confidence. Intel Stock Notches Up as SK Hynix Considers New Deal
• Positive Sentiment: Intel could benefit from the rapid expansion of AI infrastructure and from large-scale chip-production projects in the United States, including Elon Musk’s reported planned facility near Houston. More domestic manufacturing demand would support the strategic rationale for Intel’s foundry investments, though the project is not confirmed as an Intel contract. Elon Musk Is Spending $119 Billion on a Single Building Outside Houston
• Neutral Sentiment: SK Hynix subsequently denied the reported HBM4E partnership, removing the immediate catalyst and underscoring that Intel’s potential foundry wins remain uncommitted. SK Hynix Denies Report of Intel Foundry Partnership
• Negative Sentiment: Analysts continue to question whether AI-related revenue can arrive quickly enough to offset Intel’s rising capital spending and foundry losses. Outside customers currently contribute little foundry revenue, making utilization and execution key risks for the stock. Intel Stock Is Paying Now for Revenue Due Later
• Negative Sentiment: Competitive concerns remain: coverage argues AMD continues to take share from Intel, while Nvidia’s strong growth in newer data-center products could further pressure Intel’s position in AI hardware. AMD: Still Eating Intel's Lunch

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.

Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Corporation (NASDAQ:INTC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source