Arizona State Retirement System Decreases Position in Intel Corporation $INTC

Key Points

• Arizona State Retirement System reduced its Intel stake by 1.5% in the second quarter, selling 19,145 shares and retaining 1.22 million shares valued at approximately $170.2 million.
• Institutional investors own 64.53% of Intel, while analyst sentiment remains mixed: the stock carries a consensus “Hold” rating and an average price target of $107.80.
• Intel reported second-quarter revenue of $16.13 billion and adjusted EPS of $0.42, exceeding estimates; separately, CEO Lip-Bu Tan purchased nearly $10 million in shares, signaling confidence despite ongoing losses and competitive risks.

Arizona State Retirement System lessened its stake in Intel Corporation (NASDAQ:INTC - Free Report) by 1.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,219,079 shares of the chip maker's stock after selling 19,145 shares during the quarter. Intel makes up approximately 0.8% of Arizona State Retirement System's portfolio, making the stock its 16th biggest holding. Arizona State Retirement System's holdings in Intel were worth $170,220,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of INTC. West Family Investments Inc. grew its holdings in Intel by 81.3% during the second quarter. West Family Investments Inc. now owns 15,594 shares of the chip maker's stock valued at $2,177,000 after purchasing an additional 6,991 shares during the period. Paragon Capital Management Ltd bought a new stake in shares of Intel in the second quarter valued at $270,000. Empirical Finance LLC raised its stake in shares of Intel by 4.0% in the second quarter. Empirical Finance LLC now owns 147,571 shares of the chip maker's stock valued at $20,605,000 after buying an additional 5,641 shares during the period. Nykredit A S purchased a new position in shares of Intel during the 2nd quarter valued at $153,669,000. Finally, Parkside Financial Bank & Trust lifted its position in shares of Intel by 12.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 19,654 shares of the chip maker's stock valued at $2,744,000 after buying an additional 2,109 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Zacks Research lowered Intel from a "strong-buy" rating to a "hold" rating in a report on Friday, July 31st. Wells Fargo & Company upped their price objective on shares of Intel from $110.00 to $120.00 and gave the company an "equal weight" rating in a report on Friday, July 24th. DA Davidson increased their target price on shares of Intel from $77.00 to $100.00 and gave the stock a "neutral" rating in a research report on Friday, July 24th. Oppenheimer began coverage on shares of Intel in a research note on Thursday, June 11th. They issued an "outperform" rating for the company. Finally, Wolfe Research started coverage on shares of Intel in a research report on Thursday, June 11th. They issued a "peer perform" rating on the stock. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, twenty-eight have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $107.80.

Intel Trading Up 2.6%

Shares of Intel stock opened at $102.94 on Friday. Intel Corporation has a 12-month low of $24.05 and a 12-month high of $142.35. The company has a market cap of $519.23 billion, a price-to-earnings ratio of -48.79, a PEG ratio of 10.75 and a beta of 2.22. The company has a current ratio of 1.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.47. The company's 50-day moving average price is $97.86 and its 200-day moving average price is $89.89.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The chip maker reported $0.42 EPS 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 analysts' expectations of $14.43 billion. During the same quarter in the previous year, the company earned ($0.10) earnings per share. Intel'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. On average, equities analysts expect that Intel Corporation will post 1.04 earnings per share for the current fiscal year.

More Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: A report that Intel may raise prices on selected PC processors by as much as 10% fueled optimism that tight supply could improve revenue and margins. The market is watching whether the increases reflect sustainable pricing power or temporary scarcity. Intel May Raise Chip Prices 10%
• Positive Sentiment: Northland upgraded Intel to “Outperform” and set a $120 price target, citing progress in the turnaround and constrained server-CPU supply. The call adds to evidence that execution and demand trends may be improving. Northland Intel Upgrade
• Positive Sentiment: Intel-backed Altera is reportedly preparing an IPO that could raise more than $2 billion as early as 2026. A successful offering could highlight the value of Intel’s portfolio and potentially provide capital or a valuation reference for the business. Altera IPO Report
• Positive Sentiment: Broader semiconductor strength, supported by continued AI infrastructure spending, also lifted Intel alongside major chip peers. Investor attention is increasingly turning to Intel’s advanced packaging capabilities and potential AI-related revenue opportunities. Chip Stocks Rise on AI Spending
• Neutral Sentiment: CEO Lip-Bu Tan’s reported purchase of approximately $10 million of Intel shares provides a vote of confidence, but it does not change the company’s earnings outlook by itself. Intel CEO Share Purchase
• Negative Sentiment: Despite the rally, Piper Sandler initiated coverage at “Hold,” while other analysts remain cautious because Intel’s valuation has risen sharply ahead of proof that the turnaround can generate consistent profits. Recent profit-taking after a multiday advance underscores the stock’s elevated volatility. Piper Sandler Intel Rating
• Negative Sentiment: Investors still face substantial risks from Intel’s ongoing GAAP losses, competition from Nvidia and AMD in AI chips, and uncertainty over whether higher processor prices will persist once supply conditions normalize.

Insider Activity at Intel

In other news, CEO Lip Bu Tan purchased 105,263 shares of Intel stock in a transaction dated Tuesday, August 11th. The stock was purchased at an average cost of $95.00 per share, for a total transaction of $9,999,985.00. Following the transaction, the chief executive officer directly owned 1,314,669 shares of the company's stock, 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 document filed with the SEC, which is available through this hyperlink. 0.05% of the stock is owned by company insiders.

Intel Company Profile

Intel Corporation NASDAQ: INTC is a global semiconductor company that designs and manufactures computing and communications products. Its portfolio includes Intel Core processors for personal computers, Xeon processors for data centers and enterprise systems, and products for edge computing, networking, and other specialized applications.

Intel also develops graphics processing units under its Intel Arc and Intel Data Center GPU brands, Gaudi artificial intelligence accelerators, Ethernet products, software, and related platform technologies.

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.