Cherokee Insurance Co Has $977,000 Stake in Intel Corporation $INTC

Key Points

• Cherokee Insurance Co. cut its Intel stake by 63.2% in the second quarter, selling 12,000 shares and retaining 7,000 shares valued at approximately $977,000. Institutional investors collectively own 64.53% of Intel.
• Intel reported stronger-than-expected quarterly results, with earnings per share of $0.42 versus the $0.21 consensus estimate and revenue of $16.13 billion, up 25.2% year over year.
• Analyst sentiment remains cautious: Intel has a consensus “Hold” rating and an average price target of $107.46, although CEO Lip-Bu Tan purchased nearly $10 million of stock, signaling confidence in the company’s prospects.

Cherokee Insurance Co reduced its position in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 63.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,000 shares of the chip maker's stock after selling 12,000 shares during the period. Cherokee Insurance Co's holdings in Intel were worth $977,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. TSA Wealth Managment LLC acquired a new stake in shares of Intel during the second quarter worth $308,000. Sitrin Capital Management LLC grew its stake in shares of Intel by 0.7% in the second quarter. Sitrin Capital Management LLC now owns 18,129 shares of the chip maker's stock valued at $2,531,000 after acquiring an additional 129 shares in the last quarter. Towercrest Capital Management acquired a new position in shares of Intel in the second quarter valued at about $266,000. Cornerstone Capital Inc. bought a new position in Intel during the second quarter worth about $2,549,000. Finally, Hardy Reed LLC bought a new position in Intel during the second quarter worth about $237,000. 64.53% of the stock is currently owned by institutional investors.

Intel Price Performance

INTC stock opened at $90.07 on Friday. The stock has a market cap of $454.31 billion, a price-to-earnings ratio of -42.69 and a beta of 2.22. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.60 and a quick ratio of 1.25. The company has a 50 day simple moving average of $108.43 and a 200 day simple moving average of $85.00. Intel Corporation has a 1 year low of $23.65 and a 1 year high of $142.35.

Intel (NASDAQ:INTC - Get Free Report) last issued its 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 firm had revenue of $16.13 billion for the quarter, compared to analyst estimates 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 quarterly revenue 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. Research analysts anticipate that Intel Corporation will post 1.01 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. DA Davidson boosted their price target on Intel from $77.00 to $100.00 and gave the company a "neutral" rating in a research note on Friday, July 24th. Morgan Stanley raised their price objective on Intel from $75.00 to $84.00 and gave the stock an "equal weight" rating in a research note on Friday, July 24th. Arete Research lifted their price objective on Intel from $20.40 to $99.00 and gave the company a "neutral" rating in a report on Wednesday, June 10th. Tigress Financial increased their target price on Intel from $66.00 to $118.00 and gave the stock a "buy" rating in a report on Thursday, April 30th. Finally, Freedom Capital upgraded Intel from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, thirty-one have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $107.46.

Insider Activity at Intel

In other news, CEO Lip Bu Tan purchased 105,263 shares of the company's stock in a transaction dated Tuesday, August 11th. The stock was bought at an average cost of $95.00 per share, for a total transaction of $9,999,985.00. Following the purchase, the chief executive officer owned 1,314,669 shares of the company's stock, valued at approximately $124,893,555. The trade was a 8.70% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.05% of the company's stock.

Intel News Roundup

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Institutional buying provides support: Tiger Global reportedly increased its Intel position during the second quarter, adding to recent bullish interest in the company’s AI, data-center, and foundry businesses. Tiger Global Added to Its Position in Intel in Q2
• Positive Sentiment: CEO purchase signals confidence: Intel CEO Lip-Bu Tan reportedly bought another 105,000 shares, a potentially favorable signal regarding management’s view of the company’s turnaround and long-term prospects. CEO Lip-Bu Tan Just Bought Another 105,000 Shares of Intel Stock
• Positive Sentiment: Operating momentum remains a potential catalyst: Intel’s latest reported quarter exceeded consensus EPS and revenue estimates, with revenue up 25.2% year over year. Coverage also points to a growing role for Intel in AI hardware and data-center demand.
• Neutral Sentiment: Government investment remains under scrutiny: Intel’s shares slipped as Commerce Secretary Howard Lutnick defended the U.S. government’s purchase of roughly 10% of the company. The investment could improve strategic and financial support, but its unusual structure has prompted investor uncertainty. Intel Stock Slips as Howard Lutnick Defends Intel Deal
• Negative Sentiment: Potential dilution weighs on sentiment: Reports that Intel is pursuing a stock offering of approximately $15 billion raise concerns about shareholder dilution, even if the proceeds are intended to fund expansion and capitalize on AI demand. Intel Embarks on $15 Billion Stock Offering
• Negative Sentiment: High-profile selling reinforces profit-taking concerns: Stanley Druckenmiller’s Duquesne Family Office reportedly exited its Intel position in the second quarter, selling about 411,400 shares while reallocating capital to other AI and robotics opportunities. Druckenmiller Dumped Micron, Intel and Broadcom
• Negative Sentiment: Analyst caution and valuation risk persist: Intel carries an average analyst rating of “Hold,” while some coverage argues that Nvidia and AMD offer better risk-adjusted upside. Investors remain concerned that Intel’s recent rally has priced in much of the turnaround before sustained profitability is established.

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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