Atreides Management LP Buys 10,010 Shares of Intel Corporation $INTC

Key Points

• Atreides Management increased its Intel position by 1.5%, purchasing 10,010 shares to own 663,802 shares valued at approximately $92.7 million. Institutional investors collectively own 64.53% of Intel.
• Analyst sentiment remains mixed, with Intel carrying a consensus “Hold” rating and an average price target of $107.46. Recent targets range from $84 to $150.
• Intel reported stronger-than-expected quarterly results, including $16.13 billion in revenue and $0.42 in adjusted EPS, while CEO Lip-Bu Tan separately bought roughly $10 million of Intel stock.

Atreides Management LP boosted its position in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 1.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 663,802 shares of the chip maker's stock after buying an additional 10,010 shares during the quarter. Intel makes up approximately 0.6% of Atreides Management LP's holdings, making the stock its 20th largest holding. Atreides Management LP's holdings in Intel were worth $92,687,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Financially Speaking Inc grew its position in shares of Intel by 69.2% during the 4th quarter. Financially Speaking Inc now owns 682 shares of the chip maker's stock worth $25,000 after buying an additional 279 shares during the period. Financial Life Planners bought a new position in Intel during the 1st quarter worth approximately $25,000. Glynn Capital Management LLC acquired a new position in Intel during the second quarter valued at approximately $29,000. Knuff & Co LLC bought a new stake in Intel in the second quarter valued at approximately $29,000. Finally, Swiss RE Ltd. bought a new stake in Intel in the fourth quarter valued at approximately $29,000. 64.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on INTC. JPMorgan Chase & Co. upped their price objective on shares of Intel from $45.00 to $85.00 and gave the company an "underweight" rating in a research report on Friday, July 24th. Morgan Stanley boosted their target price on Intel from $75.00 to $84.00 and gave the company an "equal weight" rating in a research note on Friday, July 24th. Moffett Nathanson downgraded Intel to a "neutral" rating in a report on Thursday, June 11th. KeyCorp set a $125.00 price target on Intel in a research report on Friday, July 24th. Finally, HC Wainwright set a $150.00 price objective on Intel in a report on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, thirty-one have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $107.46.

Intel Stock Up 1.8%

INTC stock opened at $91.67 on Friday. The company has a market cap of $462.38 billion, a price-to-earnings ratio of -43.45, a P/E/G ratio of 9.94 and a beta of 2.22. Intel Corporation has a twelve month low of $23.75 and a twelve month high of $142.35. The business has a 50 day moving average price of $101.10 and a two-hundred day moving average price of $87.85. 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 announced its quarterly earnings results on Thursday, July 23rd. The chip maker reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.21. The firm had revenue of $16.13 billion during the quarter, compared to analysts' expectations of $14.43 billion. Intel had a negative net margin of 19.79% and a positive return on equity of 2.62%. The company's revenue for the quarter was up 25.2% compared to the same quarter last year. During the same quarter last year, the company posted ($0.10) earnings per share. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. Analysts anticipate that Intel Corporation will post 1.01 EPS for the current fiscal year.

Key Stories Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: A reported leak suggesting Intel could launch its Nova Lake client processor lineup as early as 2027 provided a potential catalyst. Earlier availability could strengthen Intel’s product roadmap and support a recovery in its PC and data-center businesses. Intel Stock Gains as Nova Lake Launch Schedule Leaks
• Positive Sentiment: Coverage highlighted Nvidia’s roughly $5 billion investment in Intel, including its purchase of more than 214 million shares at $23.28 each, and the companies’ product collaboration. The large paper gain on Nvidia’s stake reinforces market confidence in Intel’s strategic importance and AI potential, although it does not directly generate new revenue for Intel. Nvidia’s Intel Investment and Partnership
• Positive Sentiment: Intel’s expanded partnership with Kasm Technologies will run private large language models on Xeon 6 processors with Advanced Matrix Extensions, targeting regulated customers that require local and compliant AI. The deal supports Intel’s strategy of positioning Xeon as infrastructure for enterprise AI workloads. Intel Kasm AI Partnership
• Neutral Sentiment: Intel recently reported stronger-than-expected quarterly revenue and earnings, with revenue up 25% year over year, while management expects 2026 capital expenditures to exceed $20 billion and spending to rise significantly in 2027. The investment could support future manufacturing and AI growth, but it increases execution and cash-flow demands. Intel’s Five-Year Outlook
• Neutral Sentiment: A separate report said Intel’s 14A manufacturing process is beginning to demonstrate its strategic value, offering a potential long-term foundry catalyst. However, meaningful financial benefits depend on customer commitments and successful execution.
• Negative Sentiment: Mizuho analyst Vijay Rakesh cut his Intel price target to $92 from $109 while retaining a Hold rating, arguing that AI strength may not offset near-term business strain. The revised target leaves limited upside based on the referenced trading level. Mizuho Cuts Intel Price Target
• Negative Sentiment: Intel traded lower in premarket alongside Micron, SanDisk and AMD as semiconductor stocks faced broader sector pressure. Commentary also emphasized AMD’s stronger AI and data-center margin profile, highlighting competitive risks for Intel’s turnaround.

Insider Activity at Intel

In other Intel news, CEO Lip Bu Tan bought 105,263 shares of the firm's stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average cost of $95.00 per share, with a total value of $9,999,985.00. Following the acquisition, the chief executive officer owned 1,314,669 shares of the company's stock, valued at $124,893,555. The trade was a 8.70% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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.

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