Axxcess Wealth Management LLC Sells 10,444 Shares of Intel Corporation $INTC

Key Points

• Axxcess Wealth Management reduced its Intel position by 11.9% in the second quarter, selling 10,444 shares and retaining 77,389 shares valued at approximately $10.8 million.
• Intel reported stronger-than-expected quarterly results, with revenue rising 25.2% year over year to $16.13 billion and EPS of $0.42 versus estimates of $0.21.
• Analyst sentiment remains cautious: Intel has a consensus “Hold” rating and an average price target of $107.85, while CEO Lip-Bu Tan purchased nearly $10 million of Intel shares at $95 each.

Axxcess Wealth Management LLC decreased its position in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 11.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,389 shares of the chip maker's stock after selling 10,444 shares during the period. Axxcess Wealth Management LLC's holdings in Intel were worth $10,806,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of INTC. Southern Financial Group LLC increased its stake in shares of Intel by 0.6% in the first quarter. Southern Financial Group LLC now owns 14,313 shares of the chip maker's stock worth $632,000 after purchasing an additional 90 shares during the period. Harrell Investment Partners LLC lifted its position in shares of Intel by 0.4% during the 2nd quarter. Harrell Investment Partners LLC now owns 23,277 shares of the chip maker's stock worth $3,250,000 after purchasing an additional 100 shares during the last quarter. Wynn Capital LLC boosted its stake in Intel by 0.4% during the 2nd quarter. Wynn Capital LLC now owns 27,162 shares of the chip maker's stock valued at $3,793,000 after purchasing an additional 104 shares during the period. Demars Financial Group LLC boosted its stake in Intel by 1.7% during the 1st quarter. Demars Financial Group LLC now owns 7,675 shares of the chip maker's stock valued at $339,000 after purchasing an additional 125 shares during the period. Finally, Human Investing LLC grew its holdings in Intel by 0.9% in the 1st quarter. Human Investing LLC now owns 14,525 shares of the chip maker's stock valued at $641,000 after buying an additional 126 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on INTC shares. Scotiabank began coverage on Intel in a research report on Tuesday, April 21st. They issued a "sector perform" rating on the stock. Truist Financial increased their price objective on Intel from $81.00 to $108.00 and gave the company a "hold" rating in a research report on Friday, July 24th. Mizuho lowered their price objective on shares of Intel from $135.00 to $109.00 and set a "neutral" rating on the stock in a research note on Friday, July 24th. Tigress Financial boosted their target price on shares of Intel from $66.00 to $118.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $100.00 target price on shares of Intel in a research report on Tuesday, May 12th. One 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, Intel presently has a consensus rating of "Hold" and a consensus price target of $107.85.

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

Insiders Place Their Bets

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

Intel Price Performance

Shares of NASDAQ:INTC opened at $102.50 on Friday. Intel Corporation has a 1-year low of $22.77 and a 1-year high of $142.35. The firm has a market capitalization of $517.01 billion, a PE ratio of -48.58 and a beta of 2.22. The business's 50 day moving average is $110.26 and its 200-day moving average is $83.29. The company has a current ratio of 1.60, a quick ratio of 1.25 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 earnings per share (EPS) 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 analysts' expectations of $14.43 billion. Intel had a positive return on equity of 2.62% and a negative net margin of 19.79%.Intel's quarterly revenue was up 25.2% on a year-over-year basis. During the same period in the previous year, the business posted ($0.10) earnings per share. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. Sell-side analysts predict that Intel Corporation will post 1.01 earnings per share for the current year.

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.

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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