Ashton Thomas Private Wealth LLC Sells 7,022 Shares of Intel Corporation $INTC

Ashton Thomas Private Wealth LLC trimmed its position in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 25.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,557 shares of the chip maker's stock after selling 7,022 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in Intel were worth $2,870,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of INTC. iA Global Asset Management Inc. boosted its stake in Intel by 17.0% in 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 period. Whalerock Point Partners LLC purchased a new position in Intel during the 4th quarter valued at about $205,000. Heritage Investment Group Inc. bought a new stake in shares of Intel during the fourth quarter valued at about $219,000. Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of Intel during the fourth quarter valued at about $185,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Intel by 5.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 255,261 shares of the chip maker's stock worth $9,419,000 after buying an additional 13,858 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors.

Key Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: CEO Lip-Bu Tan purchased 105,263 Intel shares at $95 each, investing approximately $10 million and increasing his direct stake by 8.7%. The purchase is viewed as a vote of confidence in Intel’s recovery strategy. Intel insider purchase filing
• Positive Sentiment: Analyst and media coverage highlighted Intel’s approximately $20 billion equity raise as potential funding for expanded foundry capacity, production growth and new customer wins. Some analysts believe demand for Intel’s server processors is currently exceeding its manufacturing capacity. Intel foundry capital raise article
• Positive Sentiment: Intel’s second-quarter results showed strong momentum: revenue rose roughly 25% year over year to $16.1 billion, with Data Center and AI revenue reportedly increasing 59%. The results exceeded analyst expectations and reinforced the AI-related CPU growth narrative. Intel revenue growth article
• Neutral Sentiment: Intel is considering a return to the memory-chip market, supported by the capital raise and the appointment of former SK Hynix CEO Seok-Hee Lee to Intel Foundry. The opportunity could expand Intel’s addressable market, but the plan remains exploratory and would require substantial investment. Intel memory market article
• Negative Sentiment: The $20 billion common-stock offering creates significant dilution for existing shareholders and has encouraged profit-taking after Intel’s substantial rally. Investors are also focused on whether management can convert the new capital into profitable foundry growth and sustained free cash flow. Intel stock offering discussion

Intel Price Performance

Shares of NASDAQ:INTC opened at $102.50 on Monday. The company's fifty day moving average price is $110.26 and its 200-day moving average price is $83.57. The firm has a market capitalization of $517.01 billion, a price-to-earnings ratio of -48.58 and a beta of 2.22. Intel Corporation has a one year low of $22.77 and a one year high of $142.35. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 1.25.

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

Insider Transactions at Intel

In other news, CEO Lip Bu Tan bought 105,263 shares of the business's stock in a transaction on Tuesday, August 11th. The stock was acquired at an average price of $95.00 per share, with a total value of $9,999,985.00. Following the completion of the purchase, the chief executive officer directly owned 1,314,669 shares in the company, valued at $124,893,555. This represents a 8.70% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.05% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently commented on INTC. Mizuho reduced their price objective on shares of Intel from $135.00 to $109.00 and set a "neutral" rating for the company in a research note on Friday, July 24th. Morgan Stanley boosted their price target on shares of Intel from $75.00 to $84.00 and gave the company an "equal weight" rating in a research report on Friday, July 24th. Evercore set a $95.00 price objective on Intel in a research report on Friday, April 24th. HC Wainwright set a $150.00 price objective on Intel in a research note on Monday, June 29th. Finally, Sanford C. Bernstein restated a "market perform" rating and set a $110.00 target price on shares of Intel in a research report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, thirty-two have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $107.85.

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.

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