Assetmark Inc. Increases Stock Holdings in Intel Corporation $INTC

Assetmark Inc. increased its position in Intel Corporation (NASDAQ:INTC - Free Report) by 102.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 88,341 shares of the chip maker's stock after acquiring an additional 44,741 shares during the quarter. Assetmark Inc.'s holdings in Intel were worth $12,335,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new stake in Intel in the 4th quarter worth approximately $2,233,159,000. Capital Research Global Investors raised its position in shares of Intel by 285.9% in the fourth quarter. Capital Research Global Investors now owns 26,619,928 shares of the chip maker's stock worth $982,279,000 after buying an additional 19,722,010 shares in the last quarter. Capital World Investors boosted its stake in Intel by 20.3% during the fourth 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 period. Vanguard Group Inc. boosted its stake in Intel by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 404,522,308 shares of the chip maker's stock valued at $14,926,873,000 after buying an additional 13,692,624 shares during the period. Finally, Morgan Stanley grew its position in Intel by 20.4% during the fourth quarter. Morgan Stanley now owns 65,249,269 shares of the chip maker's stock worth $2,407,698,000 after buying an additional 11,056,090 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company's stock.

Intel Stock Performance

NASDAQ INTC opened at $103.49 on Tuesday. The company has a 50-day simple moving average of $110.12 and a two-hundred day simple moving average of $83.99. Intel Corporation has a 12-month low of $22.77 and a 12-month high of $142.35. The firm has a market cap of $522.00 billion, a price-to-earnings ratio of -49.05 and a beta of 2.22. 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 released its quarterly earnings data on Thursday, July 23rd. The chip maker reported $0.42 EPS for the quarter, topping the consensus estimate of $0.21 by $0.21. Intel had a positive return on equity of 2.62% and a negative net margin of 19.79%.The firm had revenue of $16.13 billion for the quarter, compared to the consensus estimate of $14.43 billion. During the same quarter in the previous year, the business earned ($0.10) earnings per share. The company's quarterly revenue 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 forecast that Intel Corporation will post 1.01 EPS for the current year.

Insider Buying and Selling

In related news, CEO Lip Bu Tan acquired 105,263 shares of the stock in a transaction on Tuesday, August 11th. The stock was purchased at an average price of $95.00 per share, for a total transaction of $9,999,985.00. Following the completion of the transaction, the chief executive officer owned 1,314,669 shares of the company's stock, valued at $124,893,555. This trade represents a 8.70% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.05% of the stock is owned by company insiders.

Key Stories Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: CEO Lip-Bu Tan disclosed a purchase of 105,263 Intel shares at $95 each, worth approximately $10 million. His investment is being viewed as a strong vote of confidence in Intel’s recovery strategy. Intel CEO insider purchase
• Positive Sentiment: Intel’s recently upsized equity offering is expected to provide roughly $20 billion to $23 billion for investments in manufacturing, AI and the foundry business. Reports of improving yields at GlobalFoundries and broader customer interest support the possibility of progress in Intel Foundry. Intel’s capital raise and foundry progress
• Positive Sentiment: SoftBank Group reportedly allocated 66.81% of its disclosed U.S. equity portfolio to Intel, potentially reinforcing the view that the chipmaker could benefit from the long-term AI infrastructure buildout. SoftBank’s Intel investment
• Positive Sentiment: Intel participated in a broader rally across chip and memory stocks as investors continued to favor companies exposed to strong AI spending and semiconductor infrastructure demand. Semiconductor stock market moves
• Neutral Sentiment: CEO Tan said Intel is exploring new memory architectures that bring memory and processors closer together. The initiative could expand Intel’s AI opportunity, but it is still exploratory and offers no near-term revenue assurance. Intel explores memory architectures
• Neutral Sentiment: Institutional signals are mixed: some reports describe new or enlarged semiconductor positions, while Stanley Druckenmiller’s fund was reported to have sold Intel in the second quarter. Druckenmiller’s Intel position
• Negative Sentiment: The equity raise strengthens Intel’s balance sheet but dilutes existing shareholders and raises the execution burden for the turnaround. Intel’s secondary share sale
• Negative Sentiment: At roughly 62 times expected next year’s earnings, Intel’s valuation assumes substantial future profitability even though the company reportedly lost about $11 billion over the past year, much of it noncash. Intel valuation and recent losses

Analysts Set New Price Targets

INTC has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upped their target price on Intel from $45.00 to $85.00 and gave the stock an "underweight" rating in a research note on Friday, July 24th. DZ Bank raised Intel from a "sell" rating to a "neutral" rating in a report on Friday, April 24th. Wells Fargo & Company upped their price objective on shares of Intel from $110.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Friday, July 24th. Stifel Nicolaus dropped their target price on shares of Intel from $120.00 to $110.00 and set a "hold" rating for the company in a research report on Friday, July 24th. Finally, Robert W. Baird boosted their price target on shares of Intel from $75.00 to $125.00 and gave the stock a "neutral" rating in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, thirty-two have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Intel presently has a consensus rating of "Hold" and an average target price 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.

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