Algert Global LLC Purchases New Stake in Intel Corporation $INTC

Key Points

• Algert Global LLC purchased 10,450 Intel shares worth approximately $1.46 million in the second quarter. Institutional investors and hedge funds collectively own 64.53% of Intel.
• Intel CEO Lip-Bu Tan bought 105,263 shares at $95 each, investing nearly $10 million and increasing his ownership by 8.7%.
• Intel reported quarterly revenue of $16.13 billion and adjusted earnings of $0.42 per share, beating analyst estimates, while analysts maintain a consensus “Hold” rating with an average price target of $107.46.

Algert Global LLC purchased a new stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 10,450 shares of the chip maker's stock, valued at approximately $1,459,000.

Several other institutional investors have also recently bought and sold shares of INTC. Norges Bank purchased a new position in shares of Intel during the fourth quarter valued at approximately $2,233,159,000. Capital Research Global Investors raised its position in Intel by 285.9% in the 4th quarter. Capital Research Global Investors now owns 26,619,928 shares of the chip maker's stock valued at $982,279,000 after buying an additional 19,722,010 shares during the last quarter. Capital World Investors raised its position in Intel by 20.3% in the 4th quarter. Capital World Investors now owns 104,060,268 shares of the chip maker's stock valued at $3,839,833,000 after buying an additional 17,557,147 shares during the last quarter. Morgan Stanley lifted its stake in Intel by 20.4% during the 4th quarter. Morgan Stanley now owns 65,249,269 shares of the chip maker's stock valued at $2,407,698,000 after acquiring an additional 11,056,090 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in Intel by 61.3% during the 3rd quarter. AQR Capital Management LLC now owns 25,001,621 shares of the chip maker's stock valued at $838,804,000 after acquiring an additional 9,503,402 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Insider Activity at Intel

In other news, CEO Lip Bu Tan acquired 105,263 shares of the company's stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average price of $95.00 per share, for a total transaction of $9,999,985.00. Following the completion of the purchase, 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.05% of the company's stock.

Intel Trading Down 0.6%

NASDAQ INTC opened at $88.97 on Wednesday. The business's fifty day moving average is $102.74 and its 200-day moving average is $87.23. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 1.25. The stock has a market capitalization of $448.76 billion, a price-to-earnings ratio of -42.17, a PEG ratio of 9.88 and a beta of 2.22. Intel Corporation has a one year low of $23.68 and a one year high of $142.35.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The chip maker reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.21. Intel had a negative net margin of 19.79% and a positive return on equity of 2.62%. The company had revenue of $16.13 billion during the quarter, compared to analyst estimates of $14.43 billion. During the same quarter in the prior year, the business earned ($0.10) earnings per share. The firm's revenue for the quarter was up 25.2% on a year-over-year basis. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. Equities research analysts predict that Intel Corporation will post 1.01 EPS for the current year.

Intel News Summary

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel CEO Lip-Bu Tan reportedly purchased approximately $10 million of company stock, a transaction investors may view as a sign of management confidence in the foundry recovery and long-term strategy. CEO Lip-Bu Tan Just Gave 12 Million Reasons to Buy Intel Stock
• Positive Sentiment: Commentary continues to highlight potential foundry contracts, advanced packaging and high-bandwidth-memory opportunities. A possible relationship with SK Hynix had fueled optimism that Intel could attract a major external customer, although the report was subsequently denied by SK Hynix. Intel Stock Notches Up as SK Hynix Considers New Deal
• Positive Sentiment: A partnership expansion with Kasm Technologies supports private, on-premises AI inference using Intel Xeon 6 processors, reinforcing Intel’s opportunity in regulated markets where customers want data to remain within corporate networks. Intel’s Privacy-Focused AI and Foundry Momentum

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Cantor Fitzgerald reduced their target price on shares of Intel from $150.00 to $125.00 and set a "neutral" rating for the company in a research note on Friday, July 24th. TD Cowen raised their price target on shares of Intel from $75.00 to $115.00 and gave the company a "hold" rating in a research report on Monday, July 13th. JPMorgan Chase & Co. boosted their price target on shares of Intel from $45.00 to $85.00 and gave the stock an "underweight" rating in a report on Friday, July 24th. Robert W. Baird upped their price objective on shares of Intel from $75.00 to $125.00 and gave the stock a "neutral" rating in a research report on Friday, July 24th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating on shares of Intel in a research note on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, thirty-one have assigned a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $107.46.

Intel Profile

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.

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