AMF Tjanstepension AB Makes New Investment in Intel Corporation $INTC

Key Points

• AMF Tjanstepension AB opened a new position in Intel, buying 1,568,960 shares worth about $57.9 million in the fourth quarter.
• Several other hedge funds also increased or initiated stakes in Intel, and institutional investors now own 64.53% of the stock, signaling continued professional interest.
• Intel has drawn renewed optimism from analysts and management, with price target hikes from firms like Citi and Benchmark and CEO Lip-Bu Tan saying the foundry business is gaining momentum with improving yields and customer interest.

AMF Tjanstepension AB acquired a new position in shares of Intel Corporation (NASDAQ:INTC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,568,960 shares of the chip maker's stock, valued at approximately $57,895,000.

Several other hedge funds also recently added to or reduced their stakes in INTC. Capstone Capital Management Ltd bought a new position in shares of Intel in the 4th quarter worth about $8,094,000. Profund Advisors LLC lifted its position in Intel by 12.0% in the 4th quarter. Profund Advisors LLC now owns 681,015 shares of the chip maker's stock valued at $25,129,000 after purchasing an additional 72,948 shares during the last quarter. ProShare Advisors LLC lifted its position in Intel by 48.1% in the 4th quarter. ProShare Advisors LLC now owns 9,007,460 shares of the chip maker's stock valued at $332,375,000 after purchasing an additional 2,925,086 shares during the last quarter. HighTower Advisors LLC lifted its position in Intel by 11.7% in the 4th quarter. HighTower Advisors LLC now owns 875,074 shares of the chip maker's stock valued at $32,290,000 after purchasing an additional 91,938 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its position in Intel by 59.1% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 34,790 shares of the chip maker's stock valued at $1,284,000 after purchasing an additional 12,927 shares during the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Citi raised its price target on Intel to $130 from $95 and kept a Buy rating, arguing that “agentic AI” workloads could expand the server CPU market much faster than expected. Citi Hikes Intel Price Target to $130: The Agentic CPU Boom Reshapes the Story
• Positive Sentiment: Intel CEO Lip-Bu Tan said the foundry business is gaining momentum, with improving yields and growing customer interest; he expects commitments from multiple foundry customers in the second half of the year. Intel CEO says foundry business is gaining momentum as customer interest grows
• Positive Sentiment: Benchmark also lifted its target on Intel to $140 and maintained a Buy rating, while Tiger Global reportedly added a new stake, reinforcing institutional confidence in the turnaround. Benzinga article on AI chip stock reversal warning
• Neutral Sentiment: Trump’s comment that he “should have asked for more” in the government’s Intel stake kept the stock in focus, but it mainly added headlines rather than changing Intel’s fundamentals. Trump tells Fortune on Intel stake: 'should have asked for more'
• Negative Sentiment: Some analysts and technical commentators warned that AI semiconductor names, including Intel, may be overextended after a powerful rally, which has weighed on the shares despite the bullish target hikes. Micron, AMD, Intel Stocks Could Face An Abrupt Reversal, Top AI Expert Warns

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on INTC. Scotiabank began coverage on shares of Intel in a research report on Tuesday, April 21st. They issued a "sector perform" rating on the stock. Jefferies Financial Group lifted their price objective on shares of Intel from $60.00 to $80.00 and gave the company a "hold" rating in a research report on Friday, April 24th. Sanford C. Bernstein reiterated a "neutral" rating on shares of Intel in a research report on Friday, April 24th. Wedbush reiterated a "neutral" rating and issued a $30.00 price objective on shares of Intel in a research report on Tuesday, January 20th. Finally, Mizuho lifted their price objective on shares of Intel to $124.00 and gave the company a "neutral" rating in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty-five have assigned a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat, Intel currently has a consensus rating of "Hold" and an average target price of $81.52.

Intel Stock Down 0.6%

Intel stock opened at $108.17 on Tuesday. The stock has a market cap of $543.66 billion, a price-to-earnings ratio of -174.46 and a beta of 2.18. The company has a current ratio of 2.31, a quick ratio of 1.85 and a debt-to-equity ratio of 0.34. The company's 50-day moving average price is $68.76 and its two-hundred day moving average price is $51.38. Intel Corporation has a 52 week low of $18.97 and a 52 week high of $132.75.

Intel (NASDAQ:INTC - Get Free Report) last released its earnings results on Thursday, April 23rd. The chip maker reported $0.29 EPS for the quarter, beating the consensus estimate of $0.01 by $0.28. The firm had revenue of $13.58 billion for the quarter, compared to analysts' expectations of $12.32 billion. Intel had a negative net margin of 5.90% and a positive return on equity of 0.39%. Intel's quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the company earned $0.13 EPS. Intel has set its Q2 2026 guidance at 0.200-0.200 EPS. On average, analysts expect that Intel Corporation will post 0.63 EPS for the current fiscal year.

Insider Buying and Selling

In other Intel news, EVP Boise April Miller sold 40,256 shares of the firm's stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $99.53, for a total transaction of $4,006,679.68. Following the transaction, the executive vice president owned 105,077 shares of the company's stock, valued at approximately $10,458,313.81. This trade represents a 27.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.

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.