Allegiance Financial Group Advisory Services LLC Sells 13,179 Shares of Intel Corporation $INTC

Key Points

• Allegiance Financial Group Advisory Services cut its Intel stake by 62.4%, selling 13,179 shares and retaining 7,934 shares valued at approximately $1.1 million. Institutional investors collectively own 64.53% of Intel.
• Intel reported stronger-than-expected quarterly results, with adjusted earnings of $0.42 per share versus the $0.21 consensus and revenue of $16.13 billion, up 25.2% year over year.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and a $107.85 price target. Intel’s planned $20 billion equity offering may fund foundry and AI expansion but could dilute shareholders and reduce near-term earnings per share.

Allegiance Financial Group Advisory Services LLC lessened its position in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 62.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,934 shares of the chip maker's stock after selling 13,179 shares during the quarter. Intel makes up about 0.2% of Allegiance Financial Group Advisory Services LLC's investment portfolio, making the stock its 28th largest position. Allegiance Financial Group Advisory Services LLC's holdings in Intel were worth $1,108,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Southern Financial Group LLC raised its position in Intel by 0.6% in the first quarter. Southern Financial Group LLC now owns 14,313 shares of the chip maker's stock worth $632,000 after purchasing an additional 90 shares in the last quarter. Harrell Investment Partners LLC lifted its position in shares of Intel by 0.4% during the 2nd quarter. Harrell Investment Partners LLC now owns 23,277 shares of the chip maker's stock worth $3,250,000 after buying an additional 100 shares during the period. Wynn Capital LLC lifted its position in shares of 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 buying an additional 104 shares during the period. Demars Financial Group LLC boosted its stake in shares of Intel by 1.7% in the 1st quarter. Demars Financial Group LLC now owns 7,675 shares of the chip maker's stock valued at $339,000 after purchasing an additional 125 shares in the last quarter. Finally, Human Investing LLC raised its stake in shares of Intel by 0.9% in the first quarter. Human Investing LLC now owns 14,525 shares of the chip maker's stock valued at $641,000 after acquiring an additional 126 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Stock Up 3.6%

Shares of INTC stock opened at $104.56 on Friday. The company has a market capitalization of $527.40 billion, a price-to-earnings ratio of -49.55 and a beta of 2.22. The firm has a fifty day moving average of $110.19 and a 200-day moving average of $83.15. Intel Corporation has a 12-month low of $21.90 and a 12-month high of $142.35. 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 (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The chip maker reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.21. The company had revenue of $16.13 billion during 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%.Intel's revenue for the quarter was up 25.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.10) earnings per share. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. As a group, equities research analysts predict that Intel Corporation will post 1.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

INTC has been the topic of several research analyst reports. Wall Street Zen cut Intel from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Evercore set a $95.00 price objective on Intel in a report on Friday, April 24th. Wedbush increased their price objective on Intel from $60.00 to $98.00 and gave the company a "neutral" rating in a research report on Friday, July 24th. Wolfe Research initiated coverage on Intel in a research note on Thursday, June 11th. They issued a "peer perform" rating for the company. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $100.00 target price on shares of Intel in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, thirty-two have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $107.85.

Key Headlines Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: AI and server growth are improving the outlook. Bank of America maintained a Buy rating, citing potential expansion in the CPU market and a 43% increase in server-chip pricing. Intel’s Q2 data-center and AI revenue reportedly rose 59%, helping drive overall revenue growth of roughly 25% year over year. Intel Stock Jumps as Bank of America Sees Bigger CPU Market
• Positive Sentiment: The $20 billion capital raise could fund Intel’s turnaround. Analysts view the upsized offering as providing capital to accelerate foundry expansion, increase production capacity and support AI-related investments. BofA characterized the financing as a sign of management’s confidence in the foundry business rather than solely a defensive balance-sheet move. Intel: BofA sees $20B raise fueling foundry and server CPU growth
• Positive Sentiment: CEO Lip-Bu Tan’s participation supports investor confidence. Tan and a family member agreed to invest $12 million in the offering, which market commentators interpreted as a personal vote of confidence in Intel’s AI-driven recovery and long-term strategy. Lip-Bu Tan Investing $12 Million of His Own Money into Intel Raise
• Neutral Sentiment: Intel is considering a return to the memory market. Management has indicated that memory products, including potential memory-CPU integration, could create additional growth opportunities amid tight chip supply. However, the strategy is preliminary and would place Intel against established leaders such as Micron and SK Hynix. Déjà Vu. Why Intel Is Eyeing a Return to Memory
• Negative Sentiment: The equity offering dilutes existing shareholders. Intel priced the upsized offering at $95 per share, increasing the share count and potentially reducing near-term EPS by approximately 4% to 5%. Investors remain focused on whether the new capital produces customer wins and profitable foundry growth. Intel upsizes stock offering to $20B, prices at $95
• Negative Sentiment: Competitive and valuation risks remain. Qualcomm’s potential threat to Intel’s laptop processor business, execution challenges in the foundry buildout and a stock price well above its longer-term average have limited enthusiasm among more cautious investors. The company must convert strong revenue momentum into sustainable earnings and cash flow.

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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